ZIP 23321 - 860Z200US23321 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 23321 for your next home, investment, or business venture, this detailed snapshot offers a clear picture of the area’s demographics and housing landscape. Located in Chesapeake, Virginia, ZIP 23321 is a vibrant community with a population of nearly 40,000 residents. Whether you’re a homebuyer, real estate investor, small-business owner, or data analyst, understanding the makeup of this area can help you make informed decisions. Let’s dive into the key metrics for 2023, focusing on population, income, housing, and diversity to uncover what makes this ZIP code unique.

Population & Households

ZIP 23321 is home to 39,469 residents, making it a sizable community with a mix of families, professionals, and individuals. These residents are distributed across 14,220 households, reflecting a strong residential base. With 14,836 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could indicate opportunities for buyers or renters looking to move in. This balance suggests a stable community with room for growth, appealing to those seeking a settled yet dynamic place to live or invest.

Income & Housing Costs

Financially, ZIP 23321 stands out with a median household income of $98,257, signaling a relatively affluent population compared to national averages. This income level supports a robust local economy, which can be a draw for businesses and investors. On the housing front, the median home value is $352,000, reflecting a competitive yet accessible real estate market for buyers with solid budgets. For renters, the median rent is $1,434 per month, which aligns with the area’s income levels and suggests a balanced cost of living for those not ready to buy. These figures highlight ZIP 23321 as a place where financial stability meets reasonable housing options.

Race & Ethnicity

Diversity is a defining feature of ZIP 23321, with a racial and ethnic composition that reflects a broad cultural tapestry. The population is 48.71% White, 36.56% Black, 3.13% Asian, and 4.54% Hispanic, showcasing a community where multiple backgrounds coexist. This mix can enrich the social fabric, offering a welcoming environment for residents and businesses alike. For investors and entrepreneurs, this diversity translates to a varied customer base and opportunities to cater to different cultural needs and preferences.

Key Facts

• Total population: 39,469 residents, indicating a substantial community size.
• Total households: 14,220, supporting a strong residential presence.
• Total housing units: 14,836, with a small surplus for potential growth.
• Median household income: $98,257, reflecting economic strength.
• Median home value: $352,000, a competitive price point for buyers.
• Median rent: $1,434, offering a reasonable option for renters.
• Diverse population: 48.71% White, 36.56% Black, 3.13% Asian, 4.54% Hispanic.

What This Means for You

For homebuyers, ZIP 23321 offers a promising mix of affordability and value with a median home price of $352,000 and a community that’s both diverse and financially stable. The slight surplus of housing units could mean less competition when searching for your ideal property. Real estate investors and agents will find potential in the area’s strong median income of $98,257, which supports consistent demand for housing, whether for purchase or rent at a median of $1,434. The diversity of the population also suggests a broad tenant pool. Small-business owners can leverage the sizable population of nearly 40,000 and the cultural variety to target a wide range of customers, while the solid income levels indicate disposable income for goods and services. Analysts can use these metrics as a benchmark to compare with other ZIP codes or track trends over time in this growing Chesapeake area.

Run This Study Yourself

• Curious about another ZIP code or want to dive deeper into ZIP 23321? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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