Zip Code
20724
City
Laurel, MD
Population & Migration
What is the forecasted population for Zip code 20724 Laurel, MD?
- Population census 2020
- 17,681
- Forecasted population 2025
- 18,636
- 5.4% vs. 2020
- Forecasted population 2030
- 19,173
- 8.4% vs. 2020
Zip code 20724 Laurel, MD population is forecasted to grow 5.4% by 2025 (0.7 points above the 4.7% national average).
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Housing and Affordability
With a forecasted population of 18,636 people for 2025 zip code 20724 Laurel, MD will generate a good demand for housing, which is expected to have a deficit of 603 houses for 2030. Vacancy rate is 8.3 points below national US average.
- Total homes available 2020
- 7,151
- Estimated total home demand in 2030
- 7,754
- Total homes balance inventory
- 603
Average Household Income in zip code 20724 Laurel, MD
from Internal Revenue Service
- Average household income in 2021
- $104,536
Affordability
- Affordability Index
- 3
Affordability indicates the ability of potential homebuyers to afford a home measured in number of years needed to pay a house. Example: Home Price 500,000 / Household Income 100,000 = 5 Years = Index 5
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Climate Resiliency
Drinking water violations
How is the quality of drinking water in Zip code 20724 Laurel, MD?
County total number of drinking water violations
703
+188%
244
County total number of drinking water contaminations
19
-21%
24
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