Daycare Centers Market: ZIP 20762
Opportunity Score
72
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 20762 is an urban area. with a population of 3,075 and household incomes above the national median ($91,905).
Area Profile
3,075
Population
$91,905
Median Income
+23% vs. national
Urban
Area Type
Median Age: 24.0 —
young market, strong street food demand.
College-Educated: 18.2% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$3,140
2BR Fair Market Rent
$2,747
Median Gross Rent
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.
Quick Facts
- Area Type
- Urban
vs. National Average
Median Income
+23% vs. $74,580
Nearby Markets
20747
3.2 mi
Pop: 37,924
$72,931
Walk: 11.5
20746
3.9 mi
Pop: 27,494
$78,391
Walk: 11.6
20748
4.4 mi
Pop: 40,094
$82,160
Walk: 11.2
20735
4.7 mi
Pop: 37,926
$123,125
Walk: 5.5
20623
5.1 mi
Pop: 2,846
$132,386
20743
5.4 mi
Pop: 39,439
$76,332
Walk: 12.4
20772
7.3 mi
Pop: 52,768
$135,576
Walk: 5.8
20785
7.5 mi
Pop: 40,946
$83,690
Walk: 12.6
Check Another Market
Or estimate costs with the DaycareCalc calculator.
About This Data
Data sources
U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits