ZIP 23111 - 860Z200US23111 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 23111 for your next home, investment, or business venture, understanding the local demographics and housing landscape is essential. Located in a vibrant area, this ZIP code offers a blend of suburban appeal and economic opportunity. With data from 2023, this snapshot provides a clear picture of the population, income levels, housing costs, and cultural diversity in 23111. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions tailored to your goals.

Population & Households

ZIP 23111 is home to a population of 37,699 residents, making it a moderately sized community with a strong residential base. This population is distributed across 15,116 households, reflecting a mix of family units, singles, and retirees. The total number of housing units in the area stands at 15,773, indicating a slight surplus of available homes compared to occupied households. This balance suggests potential opportunities for buyers or renters looking to settle in the area, as well as for investors eyeing vacant properties.

Income & Housing Costs

Financial stability is a key consideration for anyone moving to or investing in a new area, and ZIP 23111 offers a promising economic profile. The median household income here is $96,736, which is notably higher than many national averages, pointing to a relatively affluent community with strong purchasing power. Housing costs align with this income level, with a median house value of $324,600. This price point positions 23111 as an attractive market for mid-range homebuyers and investors seeking properties with solid appreciation potential. For renters, the median rent is $1,558 per month, reflecting a competitive rental market that could appeal to landlords or small-business owners catering to tenants.

Race & Ethnicity

Understanding the cultural makeup of a community can help homebuyers find a place where they feel at home, while businesses and investors can better tailor their offerings. In ZIP 23111, the population is predominantly White, accounting for 82.93% of residents. Black or African American individuals make up 7.66%, while Asian residents represent 1.44%. The Hispanic or Latino population is smaller, at 2.0%. This demographic composition suggests a largely homogeneous community with pockets of diversity, which may influence local culture, schools, and business opportunities.

Key Facts

• Total population in ZIP 23111: 37,699 residents.
• Total households: 15,116, supporting a mix of family and individual living arrangements.
• Total housing units: 15,773, with a small surplus of available properties.
• Median household income: $96,736, indicating strong local earning power.
• Median house value: $324,600, appealing to mid-range buyers and investors.
• Median rent: $1,558, reflecting a competitive rental market.
• Racial composition: 82.93% White, 7.66% Black, 1.44% Asian, 2.0% Hispanic.

What This Means for You

For homebuyers, ZIP 23111 offers a financially stable community with a median income of $96,736 and home values around $324,600, making it a solid choice for those seeking a suburban lifestyle with access to quality amenities. The slight surplus of housing units (15,773 total) compared to households (15,116) suggests you may have some negotiating power when purchasing a home. Real estate investors and agents will find potential in both the sales and rental markets, as the median rent of $1,558 indicates demand for leased properties, while home values suggest room for long-term growth. Small-business owners can leverage the area’s affluent demographic and population size of 37,699 to target a customer base with disposable income, particularly in sectors like retail, dining, or family services. Analysts can use this data as a benchmark to compare 23111 with neighboring ZIP codes for broader market trends.

Run This Study Yourself

• Curious about diving deeper into ZIP 23111 or comparing it with other areas? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Input any ZIP code to access up-to-date metrics on population, income, housing, and more, tailored to your specific needs.
• Use the insights to make data-driven decisions, whether you’re buying a home, investing, or planning a business in the area.