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 High-density area
- $138,113
- Median income Above-median income area
- $525,400
- Median home value Above-median home value
- 57.8%
- Bachelor's or higher Above-average bachelor's attainment
National ZIP placement
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.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 20723 (Laurel, MD) rose +13.0% from 2023 to 2024. The all-transactions index moved from 252.8 in 2023 to 285.7 in 2024 (2000 = 100).
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 average Maryland ZIP), while per-capita income is $60,610. Both reported hardship measures are comparatively low in absolute terms: poverty is 4.1% and unemployment is 2.0%. Housing is both higher-cost and owner-heavy: median home value is $525,400 (17% above the average Maryland ZIP), while 68.9% of occupied homes are owner-occupied and median rent is $2,111.
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. The page also surfaces 10 ZIP codes within roughly 10 miles and 6 more in Howard County, so 20723 can be compared with both its immediate and county-level context.
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.
- Professional, scientific, and technical services
Professional, scientific, and technical services
119 establishments
- Construction
Construction
81 establishments
- Other services (except public administration)
Other services (except public administration)
54 establishments
- Health care and social assistance
Health care and social assistance
50 establishments
- Accommodation and food services 46
Accommodation and food services
46 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, 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
Who lives in ZIP 20723?
37.2
Median Age
48.1%
Male
51.9%
Female
27.8%
Foreign-Born
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 ZIP avg
$60,610
Per Capita Income
4.1%
Poverty Rate
2.0%
Unemployment Rate
28.1 min
Mean Commute Time
How ZIP 20723 ranks among Maryland ZIPs
Laurel, MD household income vs. every Maryland ZIP code
Median household income among 419 reporting Maryland ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$138,113 Top 26% higher than 74% of 419 Maryland ZIPs
Each bar is a $20K-wide band; taller bars hold more Maryland 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?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
Housing stock: occupied vs vacant
12,823housing units
12,823
Total Housing Units
12,497
Occupied Units
326
Vacant Units
2.95
Avg Household Size
Occupancy Type
$525,400
Median Home Value
+17% vs state ZIP avg
$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.
- 21044
Columbia (21044)
41,704 residents
- 21045
Columbia (21045)
38,288 residents
- 20707
Laurel (20707)
31,538 residents
- 20723
Laurel (20723)
28,972 residents
- 20724 16,093
Laurel (20724)
16,093 residents
- 21046 15,080
Columbia (21046)
15,080 residents
- 20794 14,098
Jessup (20794)
14,098 residents
- 20866 13,344
Burtonsville (20866)
13,344 residents
- 20759 3,355
Fulton (20759)
3,355 residents
What this shows Among its immediate neighbors, ZIP 20723 ranks #4 by population - useful context the national average alone can't give.
ZIP 20723 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 20759
Fulton (20759)
$250,000 median income
- 20866
Burtonsville (20866)
$140,308 median income
- 20723
Laurel (20723)
$138,113 median income
- 21044
Columbia (21044)
$135,057 median income
- 21046
Columbia (21046)
$127,813 median income
- 21045
Columbia (21045)
$118,563 median income
- 20724
Laurel (20724)
$118,115 median income
- 20794
Jessup (20794)
$116,406 median income
- 20707
Laurel (20707)
$107,706 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.
| 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 |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 20723, both outside MD so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (28,972 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Howard County
Related Areas
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.
Related
Take this with you
What to do with ZIP 20723's numbers, next.
- See how ZIP 20723 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Laurel, MD ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
- Save this ZIP to your shortlist to track alongside others you're considering View your shortlist
ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.