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ZIP Code · MD

ZIP 20832

Part of Olney, MD
Pop. 25,553·Montgomery County·9th most expensive ZIP in Maryland
Median rent (all units)
$2,803/mo
Year-over-Year
Stable
Month-over-Month
+2.7%
vs US Median
+$838
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 20832 · $2,803
More expensive than 87% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$2,360
1 BR
$2,430
2 BR
$2,710
3 BR
$3,420
4 BR+
$4,020
Research median
$2,710/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: July 20, 2026

Annual cost
$33,636/yr
At $2,803/mo median
Location
CityOlney
StateMD
CountyMontgomery County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+0.0% YoY, +2.7% MoM), not inventory.
Demographics

Who lives here

ZIP 20832 (Olney, MD) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 63.8% of residents hold a bachelor's degree or higher.

Population
25,553
Median income
$168,524
Median age
41
Renters
13.1%
Age distribution
26.6%
15.3%
29.1%
13.6%
15.4%
Under 1826.6%
18–3415.3%
35–5429.1%
55–6413.6%
65+15.4%
Gender
49.3%
50.7%
Male49.3%
Female50.7%
Race & ethnicity
58.3%
12.9%
12.1%
White58.3%
Black12.9%
Hispanic12.1%
Asian11.7%
Other5%
Education (25+)
12.4%
19.9%
63.8%
No HS diploma3.9%
HS diploma12.4%
Some college19.9%
Bachelor's+63.8%
Housing tenure
86.9%
13.1%
Owner86.9%
Renter13.1%

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

2021 vs 2026

How ZIP 20832 in Olney, MD has changed in 5 years

Income
$155,516 → $168,524
up 8.4%
Population
25,852 → 25,553
down 1.2%
Renter share
12.7% → 13.1%
+0.4 pts
Bachelor's+
62.1% → 63.8%
+1.7 pts

Household income in the area moved from $155,516 to $168,524 across the same window, up 8.4% versus 2021. The population has contracted by 1.2% since 2021, moving from about 25,852 residents to roughly 25,553.

Community

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Local insights

Tips for renters in ZIP 20832

About renting in ZIP 20832

Last updated: July 20, 2026

ZIP code 20832 covers Olney, MD. The median rent here is $2,803/mo as of July 2026. A 1-bedroom rents for a median of $2,430/mo. A 2-bedroom rents for a median of $2,710/mo.

At 20% of local median household income ($168,524/yr), ZIP 20832 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 is rent in ZIP code 20832?

As of July 20, 2026, the median monthly rent in ZIP 20832 (Olney, MD) is $2,803. This is based on aggregated data from public sources and community submissions.

How does ZIP 20832 rent compare to the US average?

ZIP 20832's median rent of $2,803/mo is $838 (43%) above the US national median of $1,965/mo.

How does ZIP 20832 compare to other ZIPs in Maryland?

ZIP 20832 is one of the pricier ZIP codes in Maryland, ranking #9 out of 140 ZIPs tracked at $2,803/mo.

How much income do you need to rent in ZIP 20832?

To keep rent at or below 30% of gross income, you would need to earn at least $112,000/year (~$54/hour full-time) to afford the median rent of $2,803/mo in ZIP 20832. The local median household income is $168,524/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 20832?

Rent in ZIP 20832 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 20832 an affordable place to rent?

ZIP 20832 is considered very affordable for renters. At $2,803/mo, rent takes approximately 20% of the local median household income ($168,524/yr). The standard benchmark is 30%. ZIP 20832 falls comfortably within that range.

What percentage of ZIP 20832 residents rent vs. own?

According to Census data, approximately 13.1% of ZIP 20832 households are renters, while 86.9% are owner-occupied. ZIP 20832 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 20832 compare to the rest of Olney?

ZIP 20832 sits right at the Olney citywide median of $2,803/mo.

When was rent data for ZIP 20832 last updated?

Rent data for ZIP 20832 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
20%
VERY AFFORDABLE

At $2,803/mo, rent takes ~20% of ZIP 20832's median household income ($168,524/yr). The standard benchmark is 30%.

ZIP 20832 20%Benchmark 30%
State income tax2–5.75%
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Schools nearby

Public schools near ZIP 20832 (Olney, MD)

Recent submissions

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