PlainZIP

Laurel, MD · standard

ZIP Code 20723

Howard County, Maryland - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.

28,972
852/sq mi
$138,113
Median income
$525,400
Median home value
57.8%
Bachelor's or higher

The verdict

Laurel pairs a top-decile household income with upper-quartile home values, in a low-density, homeowner-dominated area.

Top 5%
household income, US ZIPs
Top 12%
home value, US ZIPs
852
people per sq mi
69%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 20723 against every reporting US ZIP.

ZIP code 20723 is a densely settled ZIP (a standard USPS delivery area) in Laurel, Howard County, Maryland, with 28,972 residents across 34.0 square miles, a density of 852 people per square mile, in the New York time zone.

ZIP 20723 skews affluent, with a median household income of $138,113 (21% above the Maryland average), while per-capita income is $60,610. Local economic indicators show a 4.1% poverty rate alongside 2.0% unemployment. Housing costs here run $525,400 for a typical home value (17% above the state average), with rent averaging $2,111 a month; 68.9% of homes are owner-occupied.

This is a highly-educated ZIP: 57.8% of adults hold a bachelor's degree or higher, the median age is 37.2, and the average commute is 28 minutes. To put 20723 in local context, 10 ZIP codes within roughly 10 miles appear further down this page alongside 6 additional ZIPs in Howard County, for a geography-aware comparison.

Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →

Top industries in ZIP 20723

Top 5 sectors by establishment count in Laurel, MD

Which industries have the most business establishments in ZIP 20723.

establishments

What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.

Source U.S. Census Bureau · ZIP Code Business Patterns (ZBP) As of 2023

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 20723, Laurel, MD · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.

Quick Facts

28,972

Population

34.0

Area (sq mi)

852

People / sq mi

New York

Time Zone

standard

ZIP Type

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 20723?

37.2

Median Age

48.1%

Male

51.9%

Female

27.8%

Foreign-Born

White 35.7%
African American 28.1%
Asian 17.0%
American Indian or Alaska Native 0.0%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 8.1%
Hispanic or Latino 14.4%

Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

How much do residents earn?

$138,113

Median Household Income

+21% vs state

$60,610

Per Capita Income

4.1%

Poverty Rate

2.0%

Unemployment Rate

28.1 min

Mean Commute Time

How ZIP 20723 ranks nationally

Laurel, MD household income vs. every US ZIP code

Median household income, the full national distribution, with this ZIP marked

$138,113 Top 5% higher than 95% of 30,318 US ZIPs

$0–$20,000: 118 US ZIPs (0%). Below this entry. $20,000–$40,000: 1,573 US ZIPs (5%). Below this entry. $40,000–$60,000: 7,092 US ZIPs (23%). Below this entry. $60,000–$80,000: 9,980 US ZIPs (33%). Below this entry. $80,000–$100,000: 5,778 US ZIPs (19%). Below this entry. $100,000–$120,000: 2,855 US ZIPs (9%). Below this entry. $120,000–$140,000: 1,362 US ZIPs (4%). This entry sits in this band. $140,000–$160,000: 686 US ZIPs (2%). Above this entry. $160,000–$180,000: 364 US ZIPs (1%). Above this entry. $180,000–$200,000: 186 US ZIPs (1%). Above this entry. $200,000–$220,000: 324 US ZIPs (1%). Above this entry. This ZIP $0 $200K+ every reporting US ZIP, bucketed by value

Each bar is a $20K-wide band; taller bars hold more US ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What is the education profile here?

High School Graduate or Higher 73.1%
Bachelor's Degree or Higher 57.8%

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What does housing look like?

12,823

Total Housing Units

12,497

Occupied Units

326

Vacant Units

2.95

Avg Household Size

Occupancy Type

Owner 68.9%
Renter 31.1%

$525,400

Median Home Value

+17% vs state

$2,111

Median Rent

1992

Median Year Built

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

How have home values changed over time?

FHFA House Price Index, annual appreciation data based on repeat sales and appraisals

+13.0%

YoY Change (2024)

286

HPI Index (2000 = 100)

+186%

Total Change Since 2000

Home values in ZIP 20723 have increased 13.0% over the past year (2024). Since 2000, this ZIP has seen +186% cumulative appreciation.

Year Annual Change HPI Index
2020 +2.7% 204
2021 +9.2% 223
2022 +9.7% 244
2023 +3.5% 253
2024 +13.0% 286

Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.

What businesses operate in this ZIP?

Census Bureau data shows 569 business establishments in ZIP 20723, employing approximately 18,891 people with a combined annual payroll of $1,912,745,000.

569

Businesses

18,891

Employees

$1.9B

Annual Payroll

16

Industry Sectors

Industry Establishments % of Total
Professional, scientific, and technical services 119 20.9%
Construction 81 14.2%
Other services (except public administration) 54 9.5%
Health care and social assistance 50 8.8%
Accommodation and food services 46 8.1%
Retail trade 40 7.0%
Administrative and support and waste management and remediation services 32 5.6%
Wholesale trade 29 5.1%
Real estate and rental and leasing 26 4.6%
Manufacturing 20 3.5%
Educational services 16 2.8%
Transportation and warehousing 15 2.6%
Finance and insurance 14 2.5%
Information 13 2.3%
Arts, entertainment, and recreation 9 1.6%
Management of companies and enterprises 3 0.5%

Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.

Nearby ZIP Codes

Want a side-by-side? Compare 20723 vs 20763 →

ZIP 20723 vs its nearest neighbors, by population

Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.

residents

What this shows Among its immediate neighbors, ZIP 20723 ranks #4 by population - useful context the national average alone can't give.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023

ZIP 20723 vs its nearest neighbors, by median income

Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.

median income

What this shows By household income, ZIP 20723 ranks #3 of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023
ZIP Code City Population Distance
20763 Savage, MD 2,664 2.7 mi
20707 Laurel, MD 31,538 2.8 mi
21046 Columbia, MD 15,080 2.9 mi
20759 Fulton, MD 3,355 3.5 mi
21044 Columbia, MD 41,704 5.2 mi
20794 Jessup, MD 14,098 4.3 mi
20701 Annapolis Junction, MD 2 4.5 mi
20866 Burtonsville, MD 13,344 4.1 mi
20724 Laurel, MD 16,093 4.2 mi
21045 Columbia, MD 38,288 5.2 mi

More ZIP Codes in Howard County

21043 standard
Ellicott City, MD
Pop: 42,246
21044 standard
Columbia, MD
Pop: 41,704
21045 standard
Columbia, MD
Pop: 38,288
21042 standard
Ellicott City, MD
Pop: 38,076
21075 standard
Elkridge, MD
Pop: 26,344
21046 standard
Columbia, MD
Pop: 15,080

Related Areas

Howard County Laurel, MD Maryland

Frequently Asked Questions

What county is ZIP code 20723 in? ▼
ZIP code 20723 (Laurel) is located in Howard County, Maryland. Howard County contains multiple ZIP codes, see the full list at /counties/howard-md.
What is the population of ZIP code 20723? ▼
ZIP code 20723 in Laurel, MD has a population of 28,972 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 20723? ▼
The median household income in ZIP 20723 is $138,113, which is 81% above the national average of $76,288.
What is the average home value in ZIP 20723? ▼
The median home value in ZIP 20723 is $525,400, which is 89% above the national average of $278,155.
What is the demographic makeup of ZIP 20723? ▼
The largest racial group in ZIP 20723 is White at 35.7%. Hispanic or Latino residents make up 14.4% of the population.
How many businesses are in ZIP code 20723? ▼
ZIP code 20723 has 569 business establishments employing approximately 18,891 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 20723? ▼
The top industries by establishment count in ZIP 20723 are: Professional, scientific, and technical services (119), Construction (81), Other services (except public administration) (54). There are 16 industry sectors represented in total.
How have home values changed in ZIP code 20723? ▼
According to the FHFA House Price Index, home values in ZIP 20723 increased by 13.0% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 186%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 20723? ▼
In ZIP code 20723, 73.1% of residents aged 25+ have a high school diploma or higher, and 57.8% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 20723? ▼
The mean commute time for workers in ZIP code 20723 is 28.1 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend more time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 20723? ▼
In ZIP code 20723, approximately 68.9% of occupied housing units are owner-occupied and 31.1% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 20723? ▼
The poverty rate in ZIP code 20723 is 4.1% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

Read our methodology to see how this data is sourced, computed, and verified.