| ZIP Code | 20724 |
|---|---|
| City | Laurel |
| State | Maryland (MD) |
| County | Anne Arundel County |
| Area Code | 227/240/301/410/443/ |
| Elevation | 251 ft |
| Latitude | 39.08027 |
|---|---|
| Longitude | -76.790561 |
| Timezone | New York (DST) |
| FIPS | 24003 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 35.6 yrs ↑ 3% since 2019 |
|---|---|
| Avg Household Size | 2.53 |
| Below Poverty | 10.1% ≈ Avg |
| College Grads | 54.4% ▲ 40% above avg |
| Unemployment | 7.0% ▲ 42% above avg |
| No HS Diploma | 323 (2.7%) |
| HS Graduate | 2,763 (23.3%) |
| Some College | 848 (7.1%) |
| Associates | 1,475 (12.4%) |
| Bachelors | 689 (5.8%) |
| Graduate Degree | 5,766 (48.6%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $109,530 ▲ 44% above avg ↑ 6% since 2019 |
|---|---|
| Median Home Value | $392,500 ▲ 41% above avg ↑ 24% since 2019 |
| Home/Income Ratio | 3.6x (nat avg ~3.5x) |
| Median Rent | $2,199/mo ↑ 21% since 2019 |
| Total Units | 7,514 |
| Vacant Units | 138 |
| Avg HH Size | 2.53 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 7,514 |
|---|---|
| Vacant | 138 |
| Owner Occupied | 59.8% |
| Renter Occupied | 40.2% |
| Avg HH Size | 2.53 |
ZIP code 20724 is located in Laurel, Maryland, within Anne Arundel County. With a population of 18,669, this is a moderately populated ZIP code with a relatively young community — the median age is 35.6 years. Economically, 20724 is a upper-middle-income ZIP code: the median household income of $109,530 is above the national average.
Real estate in ZIP code 20724 represents a mid-range housing market. The median home value of $392,500 is above the national average. Renters can expect to pay around $2,199 per month in median rent. The area has a relatively balanced mix of owners (59.8%) and renters (40.2%). Median home values have increased by 24% since 2019.
The population of 20724 is racially diverse, with Black as the largest group at 43.0%. Residents are well-educated — 54.4% hold a bachelor's degree or higher, which is above the national average. Poverty affects some residents at 10.1%. Household income has grown by 6% since 2019.
The unemployment rate in 20724 stands at 7.0%, which is above the national average. About 17% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 73%.
Overall, ZIP code 20724 in Laurel, MD is characterized as upper-middle-income, well-educated, and a relatively young community. With 18,669 residents, a median household income of $109,530, and a median home value of $392,500, it offers a clear picture of life in this part of Maryland.