ZIP 16509 - 860Z200US16509 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 16509, located in Erie, Pennsylvania, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 28,000 and a mix of housing options, this ZIP code presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you make informed decisions about living, investing, or operating in 16509.

Population & Households

ZIP 16509 is home to 28,133 residents, making it a moderately sized community with a stable population base. This area supports 12,263 households, reflecting a strong residential presence. Whether you’re a homebuyer looking for a community with a solid number of neighbors or a business owner seeking a customer base, the population size here suggests a balanced environment with potential for engagement and growth.

Income & Housing Costs

The median household income in ZIP 16509 stands at $68,880, indicating a community with moderate earning power. This income level can support a range of consumer spending, which is a positive signal for small businesses considering this area. On the housing front, the median house value is $207,500, offering a relatively accessible entry point for homebuyers compared to national averages in many urban markets. For renters, the median rent is $1,074 per month, which aligns with the income levels and suggests affordability for a significant portion of residents.

With 12,900 total housing units in the area, there’s a slight surplus over the number of households, which could indicate availability for new residents or investors looking to purchase rental properties. These figures provide a grounded perspective for anyone evaluating the cost of living or investment potential in 16509.

Race & Ethnicity

The demographic makeup of ZIP 16509 is predominantly White, accounting for 87.25% of the population. Other groups include Black residents at 3.81%, Asian residents at 1.43%, and Hispanic or Latino residents at 3.46%. This composition reflects a largely homogeneous community with smaller but notable diversity. For businesses and investors, understanding this breakdown can help tailor services, marketing, or community engagement strategies to resonate with the majority while addressing the needs of minority groups.

Key Facts

• Total population in ZIP 16509: 28,133 residents.
• Total households: 12,263, supporting a strong residential base.
• Total housing units: 12,900, suggesting some availability for new occupants.
• Median household income: $68,880, indicating moderate earning capacity.
• Median house value: $207,500, a competitive price for homebuyers.
• Median rent: $1,074, reflecting reasonable rental costs.
• Racial composition: 87.25% White, with smaller Black, Asian, and Hispanic populations.

What This Means for You

For homebuyers, ZIP 16509 offers a promising mix of affordability and community size. The median house value of $207,500 is within reach for many, and the slight surplus of housing units could mean less competition when searching for a home. The moderate median income suggests neighbors with stable financial footing, which often correlates with well-maintained properties and community investment.

For real estate investors and agents, the housing data points to potential opportunities in both buying and renting. With median rents at $1,074 and a median home value that’s accessible, there’s room to explore rental properties or fix-and-flip projects. The population size also supports demand for housing, making this ZIP code a practical consideration for your portfolio.

For small-business owners, the population of over 28,000 and a median income of $68,880 signal a customer base with disposable income for goods and services. The demographic breakdown can guide your marketing—focus on broad appeal while considering niche offerings for smaller demographic segments. This area’s size and income levels make it a viable spot for retail, dining, or service-based businesses.

For analysts, these metrics provide a foundation for deeper research into trends like housing turnover, income growth, or demographic shifts. The data offers a snapshot that can be compared with surrounding ZIP codes or historical figures to uncover patterns.

Run This Study Yourself

• Curious about other areas or want updated stats for ZIP 16509? Dive into detailed demographic and housing insights with ease.
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