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Investors
Interested in purchasing investment houses in the 20723 zip code in Laurel, MD?
Detailed Demographic Statistics
The zip code 20723 is in Howard county, is in the state of Maryland. This zip code contains three cities including Scaggsville, MD (78.52%), North Laurel, MD (9.40%), and Fulton, MD (4.52%) The total land area is 13.1 square miles and the water area is 0.4 square miles.
The zip 20723 is in county number and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 35,797 in 2019 and 28,972 in 2010. Of this, the break down in 2019 was 35,425 urban and 371 rural. This further breaks down to 17,343 males (48.4%) and 18,453 females (51.6%). The median age of residents is 35.8 years. The population density (people per square mile) is 2,725. This zip code has a combined total of 12,337 houses and condos. There are 3,630 rented appartments. 31% of residents rent versus the 31% of residents in the state who rent.
The average individual gross adjusted income is $83,742 and the average salary is $75,469. The estimated median household income of individuals is around $123,260. This zip code has a mean commute time to work of 34.9 minutes. The unemployment rate is 4.2%. 4.1% of residents live below poverty line versus the 9.0% in the state that are below this line. The cost of living index is 133.0. The educational breakdown is 95.8% have a high school education or higher, 58.5% have a bachelor's degree or higher, and 28.5% have some kind of profesional degree.
The average size of households is 3.0 people. Individuals who are single and have never been married are 32.9%, 56.1% are now married, 1.1% are separated, 3.1% are widowed, and 6.8% are divorced. The average yearly contribution amount given by people to charity was $4,366 versus the state average of $4,452. The percent of residents who gave to charity was 46.7%.
The estimated median value of houses and condos is $449,818. The median monthly owner costs of mortgage holders was $2,411, where as the costs for those who don't have a mortgage are $834. The median number of rooms in houses and condos are 7.6 versus apartments which had a median number of 4.3.
The real estate tax percent rate is 1.2% which equated to an average real estate tax amount payment of $5,535. In comparision, the average real estate tax percent rate in the state is 1.1% which equated to an average real estate tax amount payment in the state of $3,515. The median housing property tax percent for residents with mortgages was 1.2% which amounted to an average tax amount of $5,567. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.2% which amounted to an average tax amount of $5,431. Reported taxable interest for persons was $1,135, dividends $3,561, capital gains +$9,446, and itemized deductions $29,400. The average earned income tax credit is $2,120. The percent of individuals that use a tax preparer is 46.1%. The total average income taxes paid by individuals was $12,732. Businesses reported an average profit of $12,356.Local Restaurants
Bottom Of The Bay Seafood
9590 N Laurel Rd, Laurel, MD 20723
Ginza of Tokyo
7530 Montpelier Rd, Laurel, MD 20723
Kloby's Smokehouse
7500 Montpelier Rd, Laurel, MD 20723
Great Achievement Hao
11200 Scaggsville Rd Ste 106, Laurel, MD 20723
Mandarin House Restaurant
9105 All Saints Rd Ste C, Laurel, MD 20723
Golden Coast Chinese Restaurant
8851 Gorman Rd Ste 200, Laurel, MD 20723
Asian Express
7500 Montpelier Rd Ste 109, Laurel, MD 20723
Facci
7530 Montpelier Rd, Laurel, MD 20723
The Happy Yogi
Fulton Studio [Fs] 20723 & Olney Loft [Ol] 20832, Fulton, MD 20723