| ZIP Code | 20623 |
|---|---|
| City | Cheltenham |
| State | Maryland (MD) |
| County | Prince George's County |
| Area Code | 227/240/301 |
| Elevation | 194 ft |
| Latitude | 38.741615 |
|---|---|
| Longitude | -76.842456 |
| Timezone | New York (DST) |
| FIPS | 24033 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 51.0 yrs ↑ 29% since 2019 |
|---|---|
| Avg Household Size | 2.91 |
| Below Poverty | 1.8% ▼ 82% below avg |
| College Grads | 41.8% ▲ 8% above avg |
| Unemployment | 5.1% ≈ Avg |
| HS Graduate | 424 (20%) |
| Some College | 364 (17.2%) |
| Associates | 445 (21%) |
| Bachelors | 102 (4.8%) |
| Graduate Degree | 784 (37%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $132,386 ▲ 73% above avg ↓ 7% since 2019 |
|---|---|
| Median Home Value | $452,400 ▲ 62% above avg ↑ 42% since 2019 |
| Home/Income Ratio | 3.4x (nat avg ~3.5x) |
| Total Units | 968 |
| Avg HH Size | 2.91 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 968 |
|---|---|
| Owner Occupied | 98.6% |
| Renter Occupied | 1.5% |
| Avg HH Size | 2.91 |
ZIP code 20623 is located in Cheltenham, Maryland, within Prince George's County. With a population of 2,846, this is a sparsely populated ZIP code with a mature community — the median age is 51 years. Economically, 20623 is a upper-middle-income ZIP code: the median household income of $132,386 is significantly above the national average.
Real estate in ZIP code 20623 represents a premium housing market. The median home value of $452,400 is significantly above the national average. Homeownership is strong here — 98.6% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 42% since 2019.
The population of 20623 is primarily Black (78.67%). Residents are well-educated — 41.8% hold a bachelor's degree or higher, which is near the national average. Poverty affects a relatively small share of residents at 1.8%. Household income has declined by 7% since 2019.
The unemployment rate in 20623 stands at 5.1%, which is near the national average. About 15% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 76%.
Overall, ZIP code 20623 in Cheltenham, MD is characterized as upper-middle-income, well-educated, a mature community, and predominantly owner-occupied. With 2,846 residents, a median household income of $132,386, and a median home value of $452,400, it offers a clear picture of life in this part of Maryland.