ZIP Code · MD

ZIP 20832

Part of Olney, MD

Pop. 25,553·Montgomery County·11th most expensive ZIP in Maryland

Median rent (all units)

$2,813/mo

Year-over-Year

Stable

Month-over-Month

-1.6%

vs US Median

+$881

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 20832 · $2,813

More expensive than 87% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

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: September 25, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($168,524) is $4,213 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($4,020).

Cheaper nearby

ZIP 20855, 3 miles away, rents for 11% less ($2,493/mo), about $3,800 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 20832. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$33,756/yr

At $2,813/mo median

Location

CityOlney

StateMD

CountyMontgomery County

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (down 0.0% YoY), so renters have negotiating leverage.

Based on rent-price momentum (+0.0% YoY, -1.6% 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

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: September 25, 2026

ZIP code 20832 covers Olney, MD. The median rent here is $2,813/mo as of September 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 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 $113,000/year (about $54/hour full-time) to afford the median rent of $2,813/mo in ZIP 20832. The local median household income is $168,524/yr, so the typical household meets that bar.