ZIP Code · MD

ZIP 20603

Part of Waldorf, MD

Pop. 31,844·Charles County·36th most expensive ZIP in Maryland

Median rent (all units)

$2,341/mo

Year-over-Year

Stable

Month-over-Month

+0.3%

vs US Median

+$409

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 20603 · $2,341

More expensive than 75% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$2,000

1 BR

$2,060

2 BR

$2,300

3 BR

$2,900

4 BR+

$3,410

Research median

$2,300/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($137,946) is $3,449 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($3,410).

Rank in Waldorf

1st cheapest of 3 ZIP codes in Waldorf.

Cheaper nearby

ZIP 20744, 9 miles away, rents for 25% less ($1,754/mo), about $7,000 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 20603. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$28,092/yr

At $2,341/mo median

Location

CityWaldorf

StateMD

CountyCharles County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+0.0% YoY, +0.3% MoM), not inventory.

Demographics

Who lives here

ZIP 20603 (Waldorf, MD) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 39.9% of residents hold a bachelor's degree or higher.

Population

31,844

Median income

$137,946

Median age

38.4

Renters

16.4%

Age distribution

25.6%

19.5%

31.6%

14%

Under 1825.6%

18–3419.5%

35–5431.6%

55–6414%

65+9.2%

Gender

47.4%

52.6%

Male47.4%

Female52.6%

Race & ethnicity

17.1%

62.7%

White17.1%

Black62.7%

Hispanic9.3%

Asian7.1%

Other3.8%

Education (25+)

23.4%

33.1%

39.9%

No HS diploma3.6%

HS diploma23.4%

Some college33.1%

Bachelor's+39.9%

Housing tenure

83.6%

16.4%

Owner83.6%

Renter16.4%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 20603 in Waldorf, MD has changed in 5 years

Income

$126,721 → $137,946

up 8.9%

Population

31,897 → 31,844

down 0.2%

Renter share

22.4% → 16.4%

-6.0 pts

Bachelor's+

37.9% → 39.9%

+2.0 pts

Household income in the area moved from $126,721 to $137,946 across the same window, up 8.9% versus 2021. The renter share has eased from 22.4% to 16.4%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 37.9% to 39.9% across the same window.

Community

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Local insights

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About renting in ZIP 20603

Last updated: October 17, 2026

ZIP code 20603 covers Waldorf, MD. The median rent here is $2,341/mo as of October 2026. A 1-bedroom rents for a median of $2,060/mo. A 2-bedroom rents for a median of $2,300/mo.

At 20% of local median household income ($137,946/yr), ZIP 20603 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 20603?

To keep rent at or below 30% of gross income, you would need to earn at least $94,000/year (about $45/hour full-time) to afford the median rent of $2,341/mo in ZIP 20603. The local median household income is $137,946/yr, so the typical household meets that bar.