ZIP 16823 - 860Z200US16823 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 16823, understanding the area’s demographic and housing landscape is essential. Located in a region with a diverse community and stable economic indicators, this ZIP code offers a blend of opportunity and insight for homebuyers, real estate investors, small-business owners, and analysts. Drawing from the latest 2023 data, this snapshot provides a clear picture of population trends, income levels, housing costs, and racial composition in ZIP 16823. Let’s dive into the numbers to help you make informed decisions.

Population & Households

ZIP 16823 is home to a population of 29,168 residents, making it a moderately sized community with a mix of urban and suburban characteristics. This population is distributed across 11,168 households, reflecting a strong base of family units and individual dwellers. With 11,679 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could indicate availability for new residents or investors looking to enter the market. These figures suggest a stable community with room for growth, ideal for those seeking a balanced lifestyle or business environment.

Income & Housing Costs

The median household income in ZIP 16823 stands at $75,717, positioning it as a relatively affluent area compared to national averages. This income level supports a comfortable standard of living and indicates a community with disposable income for local businesses to tap into. On the housing front, the median home value is $258,100, reflecting a solid real estate market with potential for appreciation. For renters, the median rent is $1,013 per month, which is reasonable given the income levels and home values. These metrics suggest that ZIP 16823 offers a balanced cost of living, appealing to both buyers and renters seeking value.

Race & Ethnicity

The demographic makeup of ZIP 16823 is predominantly White, with 85.51% of the population identifying as such. Black residents account for 7.51% of the population, while Asian residents make up 0.96%. Additionally, 3.02% of the population identifies as Hispanic. This composition reflects a primarily homogeneous community with some diversity, which can influence cultural dynamics, business opportunities, and community engagement. Understanding these demographics can help tailor services, marketing strategies, or investment decisions to the area’s unique profile.

Key Facts

• Total population: 29,168 residents in ZIP 16823 as of 2023.
• Total households: 11,168, indicating a strong community base.
• Total housing units: 11,679, with a slight surplus over occupied homes.
• Median household income: $75,717, suggesting economic stability.
• Median home value: $258,100, reflecting a robust real estate market.
• Median rent: $1,013, offering affordability for renters.
• Racial composition: 85.51% White, 7.51% Black, 0.96% Asian, 3.02% Hispanic.

What This Means for You

For homebuyers, ZIP 16823 presents a promising opportunity with a median home value of $258,100 and a slight surplus of housing units, which could mean less competition in the market. The median income of $75,717 also suggests neighbors with financial stability, often correlating with well-maintained communities. Real estate investors and agents can leverage the area’s solid home values and reasonable rental rates of $1,013 to attract tenants or flip properties for profit, especially given the potential for growth in a community of nearly 30,000. Small-business owners will find a receptive audience in a population with disposable income, particularly for services or products catering to a predominantly White demographic with emerging diversity. Analysts can use these metrics to benchmark ZIP 16823 against nearby areas, identifying trends in housing demand or economic shifts. Across all groups, the data points to a stable, opportunity-rich environment worth exploring further.

Run This Study Yourself

• Curious about other ZIP codes or deeper insights into ZIP 16823? Start by visiting ZipcodeGPT to access powerful demographic and housing analysis tools.
• Input any ZIP code to generate a customized report with the latest data, tailored to your needs as a buyer, investor, or business owner.
• Use the platform’s intuitive interface to compare metrics, spot trends, and make data-driven decisions with confidence.