| ZIP Code | 20877 |
|---|---|
| City | Gaithersburg |
| State | Maryland (MD) |
| County | Montgomery County |
| Area Code | 227/240/301 |
| Elevation | 517 ft |
| Latitude | 39.140601 |
|---|---|
| Longitude | -77.19206 |
| Timezone | New York (DST) |
| FIPS | 24031 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 37.2 yrs |
|---|---|
| Avg Household Size | 3.01 |
| Below Poverty | 11.2% ▲ 12% above avg |
| College Grads | 46.6% ▲ 20% above avg |
| Unemployment | 6.2% ▲ 26% above avg |
| No HS Diploma | 1,840 (8.5%) |
| HS Graduate | 5,618 (26%) |
| Some College | 1,564 (7.2%) |
| Associates | 2,514 (11.6%) |
| Bachelors | 1,560 (7.2%) |
| Graduate Degree | 8,506 (39.4%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $86,103 ▲ 13% above avg ↑ 17% since 2019 |
|---|---|
| Median Home Value | $462,500 ▲ 66% above avg ↑ 32% since 2019 |
| Home/Income Ratio | 5.4x (nat avg ~3.5x) |
| Median Rent | $1,862/mo ↑ 18% since 2019 |
| Total Units | 13,599 |
| Vacant Units | 719 |
| Avg HH Size | 3.01 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 13,599 |
|---|---|
| Vacant | 719 |
| Owner Occupied | 43.9% |
| Renter Occupied | 56.1% |
| Avg HH Size | 3.01 |
ZIP code 20877 is located in Gaithersburg, Maryland, within Montgomery County. With a population of 39,068, this is a highly populated ZIP code with a relatively young community — the median age is 37.2 years. Economically, 20877 is a middle-income ZIP code: the median household income of $86,103 is near the national average.
Real estate in ZIP code 20877 represents a premium housing market. The median home value of $462,500 is significantly above the national average. Renters can expect to pay around $1,862 per month in median rent. The area has a relatively balanced mix of owners (43.9%) and renters (56.1%). Median home values have increased by 32% since 2019.
The population of 20877 is racially diverse, with Hispanic as the largest group at 47.4%. Residents are well-educated — 46.6% hold a bachelor's degree or higher, which is above the national average. Poverty affects some residents at 11.2%. Household income has grown by 17% since 2019.
The unemployment rate in 20877 stands at 6.2%, which is above the national average. About 16% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 56%.
Overall, ZIP code 20877 in Gaithersburg, MD is characterized as middle-income, well-educated, and a relatively young community. With 39,068 residents, a median household income of $86,103, and a median home value of $462,500, it offers a clear picture of life in this part of Maryland.