ZIP Code 20723
standardSource:
Laurel · Howard County · Maryland
- Population
- 28,972
- Median income
- $138,113
- Median home value
- $525,400
- Bachelor's or higher
- 57.8%
- Land area
- 34.0 sq mi
852/sq mi
▲ 81% vs US
higher than 95% of US ZIPs
▲ 89% vs US
higher than 88% of US ZIPs
Median age 37.2
New York
ZIP code 20723 in Laurel, Maryland has a population of 28,972. The median household income is $138,113, which is 81% above the national average. Median home value is $525,400, 89% above the US average. 57.8% of residents hold a bachelor's degree or higher.
ZIP code 20723 is classified by USPS as a standard delivery area and covers roughly 34.0 square miles in Laurel, Howard County, Maryland. The area is home to 28,972 residents, producing a population density of 852 people per square mile, and falls within the New York time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 20723 against Maryland and the nation.
On the economic side, the median household income for ZIP 20723 sits at $138,113 (21% above the Maryland average), while per-capita income is $60,610. The poverty rate stands at 4.1% and the unemployment rate at 2.0%. On housing, the median home value is $525,400 (17% above the state average) with median rent at $2,111 per month, and 68.9% of occupied units are owner-occupied, a direct signal of whether 20723 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 57.8% of adults hold a bachelor's degree or higher, the median age is 37.2, and the average commute is 28 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Howard County, so you can benchmark 20723 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →
Top industries in ZIP 20723
Top 5 sectors by establishment count
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 + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, 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; HUD FMR + 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
$60,610
Per Capita Income
4.1%
Poverty Rate
2.0%
Unemployment Rate
28.1 min
Mean Commute Time
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?
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
$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 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
Related Areas
Frequently Asked Questions
What county is ZIP code 20723 in? ▼
What is the population of ZIP code 20723? ▼
What is the median household income in ZIP 20723? ▼
What is the average home value in ZIP 20723? ▼
What is the demographic makeup of ZIP 20723? ▼
How many businesses are in ZIP code 20723? ▼
What are the main industries in ZIP code 20723? ▼
How have home values changed in ZIP code 20723? ▼
What is the education level in ZIP code 20723? ▼
What is the average commute time in ZIP 20723? ▼
What percentage of residents own vs. rent in ZIP 20723? ▼
What is the poverty rate in ZIP code 20723? ▼
ZIP Code Research Guides
Official Data Resources for Laurel, MD
Verify and explore additional data for this area using these official government sources.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023). Business data: Source: Census ZIP Code Business Patterns (ZBP) 2023. Home value trends: Source: FHFA House Price Index (HPI), Five-Digit ZIP Codes.
PlainZIP is not affiliated with the U.S. Census Bureau or any government agency.
Read our methodology , how this data is sourced, computed, and verified.