| ZIP Code | 20723 |
|---|---|
| City | Laurel |
| State | Maryland (MD) |
| County | Howard County |
| Area Code | 227/240/301/410/443/ |
| Elevation | 326 ft |
| Latitude | 39.137678 |
|---|---|
| Longitude | -76.867942 |
| Timezone | New York (DST) |
| FIPS | 24027 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 37.2 yrs ↑ 5% since 2019 |
|---|---|
| Avg Household Size | 2.94 |
| Below Poverty | 3.2% ▼ 69% below avg |
| College Grads | 67.8% ▲ 75% above avg |
| Unemployment | 2.8% ▼ 43% below avg |
| No HS Diploma | 599 (2.7%) |
| HS Graduate | 3,235 (14.3%) |
| Some College | 1,150 (5.1%) |
| Associates | 2,284 (10.1%) |
| Bachelors | 1,512 (6.7%) |
| Graduate Degree | 13,776 (61.1%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $129,870 ▲ 70% above avg ↑ 10% since 2019 |
|---|---|
| Median Home Value | $508,000 ▲ 82% above avg ↑ 25% since 2019 |
| Home/Income Ratio | 3.9x (nat avg ~3.5x) |
| Median Rent | $1,986/mo ↑ 14% since 2019 |
| Total Units | 12,866 |
| Vacant Units | 507 |
| Avg HH Size | 2.94 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 12,866 |
|---|---|
| Vacant | 507 |
| Owner Occupied | 69.6% |
| Renter Occupied | 30.4% |
| Avg HH Size | 2.94 |
ZIP code 20723 is located in Laurel, Maryland, within Howard County. With a population of 36,319, this is a highly populated ZIP code with a relatively young community — the median age is 37.2 years. Economically, 20723 is a upper-middle-income ZIP code: the median household income of $129,870 is significantly above the national average.
Real estate in ZIP code 20723 represents a premium housing market. The median home value of $508,000 is significantly above the national average. Renters can expect to pay around $1,986 per month in median rent. Homeownership is strong here — 69.6% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 25% since 2019.
The population of 20723 is racially diverse, with White as the largest group at 35.6%. Residents are highly educated — 67.8% hold a bachelor's degree or higher, which is significantly above the national average. Poverty affects a relatively small share of residents at 3.2%. Household income has grown by 10% since 2019.
The unemployment rate in 20723 stands at 2.8%, which is below the national average. About 23% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 67%.
Overall, ZIP code 20723 in Laurel, MD is characterized as upper-middle-income, highly educated, a relatively young community, and predominantly owner-occupied. With 36,319 residents, a median household income of $129,870, and a median home value of $508,000, it offers a clear picture of life in this part of Maryland.