ZIP 23434 - 860Z200US23434 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 23434 for your next home, investment, or business venture, understanding the area’s demographic and housing landscape is essential. Located in a dynamic region, this ZIP code offers a blend of diversity, economic opportunity, and housing options. This snapshot, based on 2023 data, breaks down key metrics like 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 what makes ZIP 23434 unique and how it might align with your goals.

Population & Households

ZIP 23434 is home to a substantial population of 52,556 residents, making it a vibrant and active community. This sizable population supports a diverse local economy and offers a potential customer base for businesses. The area comprises 20,164 households, reflecting a mix of family structures and living arrangements. With 21,764 total housing units, there’s a slight surplus of homes compared to households, which could indicate availability for new residents or investors looking to enter the market. These figures suggest a stable community with room for growth, appealing to those seeking a balance of opportunity and established infrastructure.

Income & Housing Costs

Economic indicators in ZIP 23434 point to a solid middle-class foundation. The median household income stands at $75,798, which provides residents with a comfortable earning capacity relative to national averages. This income level supports a housing market where the median home value is $293,600—a figure that reflects a competitive yet accessible real estate landscape for buyers and investors. For renters, the median rent is $1,242 per month, offering a more affordable alternative to homeownership while still aligning with local income levels. These metrics suggest that ZIP 23434 can cater to a range of budgets, whether you’re looking to buy, rent, or invest.

Race & Ethnicity

The demographic makeup of ZIP 23434 is notably diverse, fostering a rich cultural environment. The population is composed of 41.37% White, 49.17% Black, 1.01% Asian, and 4.16% Hispanic residents. This near-balanced racial composition, with a slight majority of Black residents, highlights the area’s inclusivity and potential for cross-cultural engagement. For businesses, this diversity can translate into varied customer needs and opportunities for niche markets. For families and individuals, it means a community where different backgrounds and perspectives are part of everyday life, enhancing social and cultural experiences.

Key Facts

• Total population: 52,556 residents, indicating a sizable and active community.
• Total households: 20,164, reflecting a mix of family and individual living arrangements.
• Total housing units: 21,764, suggesting potential availability for new residents or investors.
• Median household income: $75,798, supporting a stable middle-class economy.
• Median home value: $293,600, offering a competitive entry point for homebuyers.
• Median rent: $1,242, providing an affordable option for non-homeowners.
• Racial diversity: 49.17% Black, 41.37% White, 4.16% Hispanic, 1.01% Asian, showcasing a multicultural environment.

What This Means for You

For homebuyers, ZIP 23434 presents a promising opportunity with a median home value of $293,600, which is within reach for many given the area’s median income of $75,798. The slight surplus of housing units (21,764 vs. 20,164 households) could mean less competition when searching for a property. Real estate investors and agents will find value in the area’s diversity and population size—52,556 residents offer a broad tenant or buyer pool, while stable income levels suggest reliable returns on rental properties or flips. Small-business owners can leverage the diverse demographic (nearly 50% Black, over 40% White) to tailor products or services to a wide audience, capitalizing on a community with disposable income. Analysts can use these metrics to benchmark ZIP 23434 against neighboring areas, identifying trends in housing demand or economic growth. Whether you’re settling down, investing, or starting a venture, this ZIP code offers a balanced foundation to build on.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 23434? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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