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ZIP 20724 — Business Opportunities

Laurel, MD · Local economy intelligence
Population
18,345
Median income
$105,757
Median age
33.8
Households
7,142

Top business opportunities in 20724

The highest-scored business categories to consider opening in Laurel, MD, based on demand (population, income, demographic fit) versus existing supply.

  1. 1. Bars & Nightlife 100/100
    ~2.6 businesses underserved · confidence: high
  2. 2. Music School 80/100
    ~1.3 businesses underserved · confidence: high
  3. 3. Convenience Stores 74/100
    ~4.0 businesses underserved · confidence: high
  4. 4. Toys & Games 74/100
    ~0.9 businesses underserved · confidence: low
  5. 5. Clothing & Apparel 73/100
    ~2.8 businesses underserved · confidence: high
  6. 6. Bicycle Parking 67/100
    ~1.2 businesses underserved · confidence: high
  7. 7. Parking 67/100
    ~5.7 businesses underserved · confidence: high
  8. 8. Parking Space 67/100
    ~7.3 businesses underserved · confidence: high
  9. 9. Parking Entrance 67/100
    ~1.1 businesses underserved · confidence: high
  10. 10. Driving School 66/100
    ~0.8 businesses underserved · confidence: low

What's already here — existing business mix

The most common business categories currently operating in ZIP 20724.

Full demographic profile

Population18,345
Households7,142
Median household income$105,757
Per capita income$46,918
Median age33.8
% bachelor's degree or higher47.972%
% age 18–3427.092%
% age 65+5.429%
% renter-occupied35.641%
Median home value$369,800
Median gross rent$2,126
Unemployment rate9.439%

Nearby ZIPs in MD

20723 Laurel · 20722 Brentwood · 20721 Bowie · 20720 Bowie · 20716 Bowie · 20715 Bowie

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