20903 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Montgomery County
Centroid: Latitude 39.013, Longitude -76.981
Time Zone: Eastern Time Zone (UTC -5 hours)
Observes DST: Yes

ZIP Code 20903 has segments in 2 Counties / Independent Cities (Montgomery, Prince Georges).

Businesses Addresses: 231
PO Box Addresses: 0
Residential Addresses: 7,010

Multi-Family Addresses: 3,429
Single Family Addresses: 3,581

The ZIP Code maps and database are updated 4 times per year.
Database updated: January 1, 2021, Maps updated: May 5, 2021.

Silver Spring, MD 20903 Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	22,419 (100%)
Population in Households	22,340 (99.6%)
Population in Families	17,626 (78.6%)
Population in Group Quarters¹	79 ( 0.4%)
Population Density	5,766
Diversity Index²	92


INCOME
Median Household Income	$67,486
Average Household Income	$92,810
% of Income for Mortgage⁴	23%
Per Capita Income	$27,035
Wealth Index⁵	100

HOUSING
Total HU (Housing Units)	6,831 (100%)
Owner Occupied HU	2,600 (38.1%)
Renter Occupied HU	3,929 (57.5%)
Vacant Housing Units	302 ( 4.4%)
Median Home Value	$371,070
Average Home Value	$399,173
Housing Affordability Index³	108

HOUSEHOLDS
Total Households	6,529
Average Household Size	3.42
Family Households	4,735
Average Family Size	4

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Silver Spring, MD 20903 - Peer Comparisons by Rank and Percentile

The table below compares 20903 to the other 457 ZIP Codes in Maryland by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2010-2020	2020-2025
Population	0.25%	0.09%
Households	0.07%	-0.08%
Families	0.03%	-0.04%
Median Household Income		0.99%
Per Capita Income		1.53%
Owner Occupied HU		0.19%

Variable Description	Rank	Percentile
Total Population	# 115	75th
Population Density	# 34	93rd
Median Household Income	# 324	29th
Housing Affordability Index	# 53	12th
Per Capita Income	# 398	13th
Diversity Index	# 3	100th

Silver Spring, MD 20903 ZIP Code Profile

ZIP Code 20903: Basic Data & USPS Preferred City Name

Silver Spring, MD 20903 Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Silver Spring, MD 20903 - Peer Comparisons by Rank and Percentile

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