CENSUS TRACT
Census Tract 7023.02
Maryland · Montgomery County · 4,319 residents · 0.597 sq mi
Notable rankings
#223highest home value in MD$597,400#244highest foreign-born in MD28.8%#287highest per-capita income in MD$66,038#291highest WFH in MD26.8%TRACT SHAPE · Montgomery County, MD
The short version
Census Tract 7023.02 has roughly average household income, with a median household income of $89,263. Population has held roughly steady since 2020. 51% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value is $597,400. Households here earn about 33% less than the Montgomery County median.
At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 41.3
US median: 38.9
More educated
51% hold a bachelor's degree
US average: 36%
More affordable
home values down 11%, inflation adjusted
US median home: $376,019
Section 01
Population & growth
Total population
4,319
Unchangedsince 2020
from 4,303 in 2020
2020 – 2024
Population density
7,235 / sq mi
Unchangedsince 2020
from 7,208 / sq mi in 2020
US average: 281
Median age
41.3
+3%since 2020
from 40.2 in 2020
US average: 38.9
Population, 2020 – 2024
20244K
Section 02
Income & economy
Median household income
$89,263
−13%inflation adjusted, since 2020
from $84,821 in 2020
US average: $82,259
2020 – 2024
Per capita income
$66,038
+28%since 2020
from $51,603 in 2020
US average: $44,673
Households earning $100K+
61.6%
+10.1 ptssince 2020
from 51.5% in 2020
US average: 53.3%
Poverty rate
8.0%
−6.4 ptssince 2020
from 14.3% in 2020
US average: 12.5%
Income inequality (Gini)
0.479
−2%since 2020
from 0.488 in 2020
US average: 0.476
Workforce by industry, 2024
Finance & insurance12.8%
Professional, scientific, technical12.8%
Information12.6%
Other services3.4%
Wholesale trade3%
Retail trade2.5%
Arts, entertainment, food1.4%
Public administration0.6%
Transportation & warehousing0.5%
Agriculture, forestry, fishing0%
Construction0%
Manufacturing0%
Education & health services0%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03
Housing
Median home value
$597,400
−11%inflation adjusted, since 2020
from $550,800 in 2020
US average: $376,019
2020 – 2024
Median gross rent
$1,736
−1%inflation adjusted, since 2020
from $1,450 in 2020
US average: $1,442
Owner-occupied
52.0%
−0.3 ptssince 2020
from 52.3% in 2020
48.0% rent
Vacancy rate
5.5%
−1.1 ptssince 2020
from 6.5% in 2020
US average: 10.0%
Owner cost-burdened
16.2%
+2.9 ptssince 2020
from 13.3% in 2020
US average: 22.9%
Renter cost-burdened
51.2%
−13.1 ptssince 2020
from 64.3% in 2020
US average: 47.4%
Afford Score
6.7
+3%since 2020
from 6.5 in 2020
2020 – 2024
RELATED:See current rent listings in Census Tract 7023.02 on RentDataNow
Section 04
Race & ethnicity
2020
White, non-Hispanic42.1%(1,811)
Black38.1%(1,639)
Hispanic / Latino11.4%(489)
Asian1.4%(60)
Other7.1%(304)
Diversity Score82.5%(3,548)
2024
White, non-Hispanic43.3%(1,871)
Black41%(1,769)
Hispanic / Latino8.9%(385)
Asian2.2%(93)
Other4.7%(201)
Diversity Score79.2%(3,423)
Diversity Score
79
−4%since 2020
from 82 in 2020
2020 – 2024
Section 05
Education
Bachelor's degree or higher
50.8%
−1.9 ptssince 2020
from 52.7% in 2020
US average: 35.6%
High school or higher
92.1%
−2.5 ptssince 2020
from 94.6% in 2020
US average: 89.6%
Graduate degree
32.8%
+5.6 ptssince 2020
from 27.1% in 2020
US average: 14.0%
Section 06
Commute & transportation
Average commute
31.7 min
−15%since 2020
from 37.2 min in 2020
US average: 26.5
Drive alone to work
44.2%
−8.6 ptssince 2020
from 52.8% in 2020
US average: 68.9%
Carpooled to work
9.5%
−2.4 ptssince 2020
from 11.9% in 2020
US average: 8.5%
Public transit
11.8%
−7.3 ptssince 2020
from 19.1% in 2020
US average: 3.2%
Worked from home
26.8%
+15.5 ptssince 2020
from 11.3% in 2020
US average: 15.0%
Walked to work
2.7%
+2.2 ptssince 2020
from 0.6% in 2020
US average: 2.4%
Biked to work
1.9%
+1.6 ptssince 2020
from 0.4% in 2020
US average: 0.4%
No vehicle available
8.9%
−3.3 ptssince 2020
from 12.3% in 2020
US average: 8.3%
Section 07
Work & employment
Unemployment rate
10.0%
+3.4 ptssince 2020
from 6.6% in 2020
US average: 5.2%
Labor force participation
77.8%
−1.9 ptssince 2020
from 79.8% in 2020
US average: 63.5%
Self-employed
11.0%
+3.1 ptssince 2020
from 7.9% in 2020
US average: 13.1%
Management & professional
56.2%
+14.9 ptssince 2020
from 41.4% in 2020
US average: 42.5%
Section 08
People & community
Male
48.9%
+3.2 ptssince 2020
from 45.6% in 2020
Female
51.1%
−3.2 ptssince 2020
from 54.4% in 2020
Foreign born
28.8%
+1.2 ptssince 2020
from 27.6% in 2020
US average: 14.1%
Veterans
3.2%
−3.1 ptssince 2020
from 6.3% in 2020
US average: 6.2%
With a disability
8.2%
+2.2 ptssince 2020
from 6.0% in 2020
US average: 13.3%
Uninsured
5.0%
+0.2 ptssince 2020
from 4.8% in 2020
US average: 8.4%
Broadband at home
93.5%
+3.2 ptssince 2020
from 90.3% in 2020
US average: 91.0%
English only at home
64.1%
−7.5 ptssince 2020
from 71.6% in 2020
US average: 77.7%
Spanish at home
7.5%
Unchangedsince 2020
from 7.5% in 2020
US average: 13.6%
Drill deeper
Places similar to Census Tract 7023.02
Census Tract 28.02
Pop 4,507
Census Tract 508.06
Pop 4,608
Census Tract 139.05
Pop 4,024
Census Tract 501.01
Pop 4,661
Places similar to Census Tract 7023.02Head to head
Compare Census Tract 7023.02 to nearby tracts
CENSUS TRACT 7023.02 VS
Census Tract 16
Income$222,303+149%
Home value$1,222,900+105%
Population4,889+13%
SEE FULL COMPARISON →
CENSUS TRACT 7023.02 VS
Census Tract 103
Income$91,563+3%
Home value$721,000+21%
Population4,263−1%
SEE FULL COMPARISON →
CENSUS TRACT 7023.02 VS
Census Tract 17.02
Income$111,705+25%
Home value$655,400+10%
Population3,417−21%
SEE FULL COMPARISON →
CENSUS TRACT 7023.02 VS
Census Tract 18.04
Income$73,651−17%
Home value$727,500+22%
Population5,454+26%
SEE FULL COMPARISON →
Frequently asked
How many people live in this census tract?
this census tract has about 4,319 residents according to the 2024 American Community Survey.
What is the median household income in this census tract?
The typical household in this census tract earns about $89,263 a year. Half of households make more than that, and half make less.
Is this census tract expensive?
In this census tract, the median home is worth about $597,400, and the typical rent is about $1,736 a month.
How educated are people in this census tract?
About 50.8% of adults age 25 and over in this census tract hold a bachelor's degree or higher.
What is the poverty rate in this census tract?
About 8.0% of people in this census tract live below the federal poverty line.
Keep going
Explore from here
Containing area
Montgomery CountyOther census tracts in Montgomery County
Census Tract 7002.10Census Tract 7003.17Census Tract 7014.15Census Tract 7032.01Census Tract 7039.02Census Tract 7003.06Census Tract 7008.15Census Tract 7014.14Census Tract 7015.03Census Tract 7012.05Census Tract 7005Census Tract 7060.07Census Tract 7015.05Census Tract 7032.14Census Tract 7016.02Census Tract 7027DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024