ZIP 14580 - 860Z200US14580 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 14580, understanding the area's demographic and housing landscape is essential. Located in a vibrant part of New York, this ZIP code encompasses a population of over 54,000 residents and offers a mix of suburban charm and economic stability. This article breaks down the latest 2023 data on population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into the numbers and uncover what makes ZIP 14580 unique.

Population & Households

ZIP 14580 is home to a substantial population of 54,466 individuals, making it a sizable community with diverse needs and opportunities. These residents are distributed across 23,728 households, reflecting a strong base of families, professionals, and retirees. With 24,355 total housing units in the area, there’s a slight surplus of homes compared to households, which could indicate availability for new residents or investors looking to enter the market. This balance suggests a stable community with room for growth, ideal for those seeking a place to settle or expand their portfolio.

Income & Housing Costs

Financially, ZIP 14580 stands out with a median household income of $95,499, indicating a relatively affluent population with solid purchasing power. This income level supports a robust local economy, benefiting small businesses and service providers. On the housing front, the median home value is $253,000, which aligns well with the income demographics and suggests a market that’s accessible to middle- and upper-middle-class buyers. For renters, the median rent is $1,387 per month, reflecting a competitive rental market that could appeal to investors seeking steady returns. These figures paint a picture of economic health and housing affordability relative to income in this area.

Race & Ethnicity

The demographic makeup of ZIP 14580 is predominantly White, with 87.7% of the population identifying as such. Other groups contribute to the community’s diversity, including Black residents at 2.44%, Asian residents at 3.11%, and Hispanic or Latino residents at 3.42%. This composition indicates a primarily homogeneous area with smaller, yet notable, minority populations. For businesses and investors, this mix suggests a market that may cater largely to a specific demographic while offering opportunities to serve niche cultural or ethnic needs through targeted products or services.

Key Facts

• Total population: 54,466 residents, a sizable community for business and residential opportunities.
• Total households: 23,728, reflecting a strong base of potential customers or tenants.
• Total housing units: 24,355, indicating slight availability for new residents or investors.
• Median household income: $95,499, showcasing economic stability and purchasing power.
• Median home value: $253,000, a reasonable entry point for middle-class buyers.
• Median rent: $1,387, suggesting a competitive rental market for investors.
• Racial composition: 87.7% White, with smaller Black (2.44%), Asian (3.11%), and Hispanic (3.42%) populations.

What This Means for You

For homebuyers, ZIP 14580 offers a promising mix of affordability and community size. With a median home value of $253,000 and incomes averaging $95,499, purchasing a home here aligns with financial stability for many families or professionals. The slight surplus of housing units could mean less competition when finding the right property. Real estate investors and agents will find value in the rental market, where a median rent of $1,387 suggests consistent demand, especially given the population size. The area’s economic health also supports long-term property value growth. For small-business owners, the high median income and large population provide a strong customer base, particularly for services or goods targeting middle- to upper-middle-class households. Finally, analysts can use this data to benchmark ZIP 14580 against neighboring areas, identifying trends in housing or demographic shifts for deeper market studies.

Run This Study Yourself

Curious to explore ZIP 14580 further or compare it with another area? Uncover detailed insights tailored to your needs with these simple steps:

• Visit ZipcodeGPT to access powerful demographic and housing analysis tools.
• Enter any ZIP code to generate a comprehensive report with the latest data.
• Use the insights to make informed decisions for buying, investing, or starting a business.