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Daycare Centers Market: ZIP 20602

Opportunity Score

70 / 100 Good

Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 20602 is an urban area with low foot traffic. with a population of 29,425 and household incomes well above the national median ($108,733). There are 12 daycare centers operations in ZIP 20602.

Area Profile

29,425

Population

$108,733

Median Income

+46% vs. national

Urban

Area Type

8.6/20

Foot Traffic

Car-Dependent

Median Age: 35.3 — mixed-age market, broad menu appeal.

College-Educated: 19.2% — value-focused market, keep prices competitive.

Competition

Daycare Centers and related businesses in ZIP 20602.

Daycare Centers

Moderate — proven market

4.1 per 10K residents

Operating Costs

Local cost levels affect space, labor, and operating expenses.

$2,170

2BR Fair Market Rent

$1,803

Median Gross Rent

$360 K

Median Home Value

Tips for Starting a Daycare Business in Maryland

Licensing comes first. State childcare licensing takes 3-6 months in most states. Start that paperwork before you sign a lease.
Staff-to-child ratios are set by law and they dictate your entire cost structure. Know your state's ratios before building a financial model.
Location matters more than marketing. Parents pick daycares within 10 minutes of home or work. Proximity to commuter routes beats a nice website.
Insurance costs $3,000-$10,000/year depending on your state and capacity. Get quotes early. Some carriers won't cover home-based operations.
The median income here is $108,733. That gives you pricing room most markets don't offer. Don't underprice.