ZIP 22407 - 860Z200US22407 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 22407, located in Fredericksburg, Virginia, this demographic and housing snapshot offers a clear picture of the area. With data from 2023, we’ll break down population trends, household dynamics, income levels, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights provide a foundation for understanding the community and its potential.

Population & Households

ZIP 22407 is home to a substantial population of 64,273 residents, making it a vibrant and sizable community. This area supports 22,388 households, reflecting a strong residential base. With 23,305 total housing units, there’s a slight surplus of homes compared to occupied households, which could indicate opportunities for buyers or investors looking for available properties. The average household size can be inferred as roughly 2.9 people, suggesting a mix of families and smaller households that contribute to the area’s dynamic character.

Income & Housing Costs

Financially, ZIP 22407 stands out with a median household income of $105,218, which is notably higher than many national averages. This suggests a relatively affluent community with disposable income to support local businesses and sustain a strong housing market. Speaking of housing, the median home value in this ZIP code is $376,200, reflecting a competitive yet accessible market for buyers with solid financial footing. For renters, the median rent is $1,758 per month, indicating a premium rental market that aligns with the area’s income levels and property values. These figures point to a stable economic environment for both residents and investors.

Race & Ethnicity

The demographic makeup of ZIP 22407 is diverse, offering a multicultural environment that can appeal to a wide range of residents and business owners. The racial composition includes 55.38% White, 18.79% Black, 3.34% Asian, and 16.22% Hispanic residents. This diversity fosters a rich community fabric, potentially influencing everything from local cuisine and cultural events to business opportunities catering to varied consumer preferences. For those looking to connect with or serve a broad audience, this mix provides a unique backdrop.

Key Facts

• Total population: 64,273 residents, indicating a large and active community.
• Total households: 22,388, supporting a robust residential presence.
• Total housing units: 23,305, with a small surplus of available properties.
• Median household income: $105,218, reflecting strong earning potential.
• Median home value: $376,200, suggesting a competitive real estate market.
• Median rent: $1,758, aligning with the area’s income and property trends.
• Racial diversity: 55.38% White, 18.79% Black, 3.34% Asian, 16.22% Hispanic.

What This Means for You

For homebuyers, ZIP 22407 offers a promising market with a median home value of $376,200, which, paired with a high median income of $105,218, suggests a stable area for long-term investment in property. The slight surplus of housing units could mean less competition for available homes if you act strategically.

For investors and real estate agents, the combination of high income levels and a median rent of $1,758 points to a strong rental market, ideal for buy-to-let opportunities. The population size and diversity also indicate sustained demand for housing, whether for families or smaller households.

For small-business owners, the affluent and diverse population of 64,273 offers a sizable customer base with spending power. Tailoring products or services to the cultural mix—such as offerings that resonate with Hispanic or Black communities—could help you carve out a niche in this thriving area.

For analysts, these metrics provide a snapshot of economic health and demographic trends, useful for forecasting growth or identifying market gaps in ZIP 22407. The data underscores a balanced community with both residential and commercial potential.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 22407? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access up-to-date population, income, and housing insights tailored to your needs.
• Use the detailed reports to inform your next move, whether buying a home, investing, or launching a business.