ZIP 19720 - 860Z200US19720 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP 19720 in New Castle, Delaware, as a place to live, invest, or start a business, understanding the area’s demographic and housing landscape is essential. This snapshot, based on 2023 data, provides a clear picture of the population, income levels, housing costs, and cultural diversity in this vibrant community. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights can help you make informed decisions about opportunities in ZIP 19720.

Population & Households

ZIP 19720 is home to a substantial population of 60,593 residents, making it a sizable community with a diverse mix of individuals and families. The area supports 23,102 households, reflecting a strong residential base. With 24,262 total housing units, there’s a slight surplus of homes compared to occupied households, which could indicate potential availability for new residents or investors looking to enter the market. This balance suggests a stable community with room for growth, appealing to those seeking a place to settle or expand.

Income & Housing Costs

The median household income in ZIP 19720 stands at $75,985, indicating a solid economic foundation for many residents. This income level supports a comfortable lifestyle in the context of local housing costs. The median house value is $242,600, which offers a relatively accessible entry point for homebuyers compared to higher-priced markets in nearby areas. For renters, the median rent is $1,282 per month, reflecting a moderate cost that aligns with the area’s income levels. These figures suggest that ZIP 19720 strikes a balance between affordability and value, making it an attractive option for various budgets.

Race & Ethnicity

ZIP 19720 boasts a rich cultural tapestry, with a diverse population that enhances the community’s vibrancy. The racial composition includes 41.76% Black residents, 34.78% White residents, 17.42% Hispanic or Latino individuals, and 1.74% Asian residents. This diversity creates a dynamic environment, offering unique perspectives and opportunities for cultural exchange. For businesses, this mix can translate into a broad customer base, while families may appreciate the inclusive atmosphere and varied community events that often characterize such areas.

Key Facts

• Total population: 60,593 residents, indicating a robust community size.
• Total households: 23,102, supporting a strong residential presence.
• Total housing units: 24,262, suggesting potential availability for new occupants.
• Median household income: $75,985, reflecting economic stability.
• Median house value: $242,600, offering a competitive price point for buyers.
• Median rent: $1,282, providing a moderate rental cost for tenants.
• Diverse population: 41.76% Black, 34.78% White, 17.42% Hispanic, 1.74% Asian.

What This Means for You

For homebuyers, ZIP 19720 presents an opportunity to purchase a home at a median value of $242,600, which is reasonable for the region, especially given the median household income of $75,985. The slight surplus of housing units may also mean less competition in certain segments of the market. Real estate investors and agents can leverage this data to identify potential rental properties, as the median rent of $1,282 suggests steady demand in a community of over 60,000 people. Small-business owners will find value in the diverse demographic makeup, which supports a wide range of customer needs and preferences—ideal for tailored products or services. Analysts can use these metrics to benchmark ZIP 19720 against neighboring areas, identifying trends in population growth, housing affordability, or economic stability. This data equips you with a foundation to act confidently, whether you’re buying, investing, or building a business.

Run This Study Yourself

• Visit ZipcodeGPT to access powerful tools for analyzing any ZIP code’s demographics and housing data.
• Input ZIP 19720 or any other area of interest to generate a customized report with the latest insights.
• Use the detailed breakdowns to inform your decisions, whether for personal, investment, or business purposes.