ZIP 21040 - 860Z200US21040 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 21040 for your next home, investment, or business venture, understanding the local demographics and housing landscape is essential. Located in a dynamic area, this ZIP code offers a blend of diversity, affordability, and opportunity. With data from 2023, this snapshot provides a clear picture of the population, income levels, housing costs, and cultural composition. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about living or working in 21040.

Population & Households

ZIP 21040 is home to a population of 25,290 residents, making it a moderately sized community with a mix of urban and suburban characteristics. The area supports 9,870 households, reflecting a strong base of families and individuals. With 10,211 total housing units, 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. This balance suggests potential opportunities for those seeking to buy or rent in the area.

Income & Housing Costs

The median household income in ZIP 21040 stands at $86,925, positioning it as a community with solid earning potential. This income level supports a comfortable lifestyle for many residents and indicates a stable economic foundation for local businesses. On the housing front, the median home value is $231,100, which offers relative affordability compared to many neighboring regions. For renters, the median rent is $1,420 per month, reflecting a reasonable cost for those not ready to buy. These figures suggest that 21040 could be an attractive option for first-time buyers or investors seeking value in a growing market.

Race & Ethnicity

ZIP 21040 boasts a diverse population, which adds to the cultural richness of the area. The racial composition includes 44.97% Black, 35.95% White, 9.6% Hispanic, and 1.51% Asian residents. This diversity creates a vibrant community atmosphere, appealing to those who value inclusivity and varied perspectives. For businesses, this mix offers a broad customer base with unique needs and preferences, while homebuyers may appreciate the opportunity to live in a culturally dynamic environment.

Key Facts

• Total population: 25,290 residents in ZIP 21040.
• Total households: 9,870, supporting a mix of family and individual living.
• Total housing units: 10,211, with some availability for new occupants.
• Median household income: $86,925, indicating strong local earning power.
• Median home value: $231,100, offering affordability for buyers.
• Median rent: $1,420, a competitive rate for renters.
• Diverse community: 44.97% Black, 35.95% White, 9.6% Hispanic, 1.51% Asian.

What This Means for You

For homebuyers, ZIP 21040 presents an affordable entry point with a median home value of $231,100, well within reach for many budgets, especially with a median household income of $86,925. The slight surplus of housing units suggests you may have room to negotiate or find a property that fits your needs. Investors and real estate agents can capitalize on this balance of supply and demand, as well as the area’s diversity, to target a wide range of tenants or buyers. Rental properties could also be lucrative with a median rent of $1,420, appealing to a steady stream of potential renters. For small-business owners, the diverse population of 25,290 and solid income levels provide a promising customer base, whether you’re opening a retail store, restaurant, or service-based business. Analysts will find the demographic mix and economic stability of 21040 a compelling case study for market trends and growth potential.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 21040? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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• Use the insights to make data-driven decisions for your home purchase, investment, or business strategy.