ZIP 22408 - 860Z200US22408 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 22408, located in the Fredericksburg area of Virginia, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ve compiled key metrics on population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into the numbers for ZIP 22408 and uncover what makes this area unique.

Population & Households

ZIP 22408 is home to a population of 31,050 residents, making it a moderately sized community with a suburban feel. This population is distributed across 12,114 households, indicating a strong residential base. With 12,438 total housing units, there’s a slight surplus of homes compared to households, which could suggest some availability for new residents or investors looking to enter the market. These figures point to a stable, family-oriented area with room for growth.

Income & Housing Costs

One of the standout metrics for ZIP 22408 is its median household income of $114,598, which reflects a relatively affluent community compared to national averages. This income level supports a robust housing market, evidenced by a median house value of $353,500. For renters, the median rent stands at $1,771 per month, indicating a premium rental market that aligns with the area’s higher income bracket. These numbers suggest that ZIP 22408 is a desirable location for those seeking quality housing, whether buying or renting, and a potentially lucrative market for real estate professionals.

Race & Ethnicity

The demographic makeup of ZIP 22408 showcases a diverse community. The racial composition includes 58.82% White, 19.66% Black, 2.96% Asian, and 11.95% Hispanic residents. This diversity contributes to a culturally rich environment, which can be a draw for families and businesses aiming to connect with a varied customer base or workforce. Understanding this mix is crucial for tailoring real estate offerings or business strategies to the local population’s needs and preferences.

Key Facts

• Total population in ZIP 22408: 31,050 residents as of 2023.
• Total households: 12,114, supporting a strong residential community.
• Total housing units: 12,438, with a small surplus over occupied homes.
• Median household income: $114,598, indicating above-average earning power.
• Median house value: $353,500, reflecting a competitive real estate market.
• Median rent: $1,771 per month, aligning with the area’s higher income levels.
• Racial diversity: 58.82% White, 19.66% Black, 2.96% Asian, 11.95% Hispanic.

What This Means for You

For homebuyers, ZIP 22408 offers a promising mix of affordability and quality with a median home value of $353,500 and a median income that supports a comfortable lifestyle. The slight surplus of housing units may provide some negotiation leverage, though the premium rental costs suggest high demand. Investors and real estate agents will find opportunity in this affluent market, where strong incomes and home values indicate potential for solid returns, especially in rental properties with a median rent of $1,771. The diversity of the population also means a broad tenant pool. For small-business owners, the area’s income levels and diverse demographics suggest a customer base with disposable income and varied needs—ideal for retail, services, or dining ventures. Analysts can use these metrics to benchmark ZIP 22408 against nearby areas, identifying trends in housing demand or economic growth. Across all groups, this data underscores a community with stability and potential.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 22408? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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• Use the insights to make data-driven decisions for your next home purchase, investment, or business strategy.