ZIP Code 15116 — Demographics & Housing Data 2023

Overview

If you’re considering ZIP code 15116 for a home purchase, investment opportunity, or business venture, understanding the local demographics and housing landscape is essential. Located in a vibrant community, this area offers a mix of stability and opportunity for homebuyers, real estate investors, small-business owners, and analysts. Using the latest 2023 data, this snapshot provides a clear picture of population trends, income levels, housing costs, and racial composition in ZIP 15116. Let’s dive into the numbers to help you make informed decisions.

Population & Households

ZIP 15116 is home to a population of 14,294 residents, making it a moderately sized community with a strong residential base. These individuals are distributed across 5,852 households, reflecting a balanced mix of family and individual living arrangements. With 6,042 total housing units in the area, there’s a slight surplus of available homes compared to occupied households, which could indicate opportunities for buyers or investors looking to enter the market. This population size also suggests a community large enough to support local businesses while maintaining a close-knit feel.

Income & Housing Costs

Financial stability is a key consideration for anyone eyeing ZIP 15116, and the numbers here are promising. The median household income stands at $90,316, indicating a relatively affluent community with solid earning potential. This income level supports a robust housing market, where the median house value is $251,100—a figure that reflects a competitive yet accessible market for buyers. For renters, the median rent is $1,064 per month, offering a more affordable alternative to homeownership while still aligning with the area’s income profile. These metrics suggest that ZIP 15116 can cater to a range of budgets, whether you’re looking to buy, rent, or invest.

Race & Ethnicity

Understanding the cultural makeup of a community is vital for tailoring business offerings or assessing neighborhood fit. In ZIP 15116, the racial composition is predominantly White at 93.44%, with smaller percentages of Black (0.55%), Asian (1.14%), and Hispanic (0.65%) residents. This demographic profile points to a largely homogeneous community, which may influence the types of services, products, or cultural amenities in demand. For businesses or investors, this data can guide marketing strategies or community engagement efforts to align with the area’s predominant demographic.

Key Facts

• Total population in ZIP 15116: 14,294 residents.
• Total households: 5,852, indicating a stable residential base.
• Total housing units: 6,042, with a small surplus of available homes.
• Median household income: $90,316, reflecting strong earning potential.
• Median house value: $251,100, competitive for the region.
• Median rent: $1,064, offering affordable rental options.
• Racial composition: 93.44% White, with minimal diversity.

What This Means for You

For homebuyers, ZIP 15116 offers a financially stable community with a median home value of $251,100, which is within reach for many given the strong median income of $90,316. The slight surplus of housing units could mean less competition when searching for your ideal property. Real estate investors and agents might find value in the area’s income levels and housing stock, as the numbers suggest potential for both rental and sales markets—especially with median rents at $1,064 providing a steady income stream. Small-business owners can leverage the population of over 14,000 and the area’s affluence to target products or services to a predominantly White demographic with disposable income. Finally, analysts can use this data as a benchmark to compare ZIP 15116 with neighboring areas for broader market trends or investment opportunities. Whatever your goal, these insights provide a foundation for strategic planning.

Run This Study Yourself

• Curious about diving deeper into ZIP 15116 or comparing it with another area? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Input any ZIP code to access up-to-date population, income, and housing metrics tailored to your needs.
• Use the insights to make informed decisions for buying, investing, or launching a business with confidence.