ZIP 23601 - 860Z200US23601 — Demographic Snapshot (2023)

Overview

If you're considering ZIP code 23601 for your next home, investment, or business venture, understanding the local demographics and housing landscape is essential. Located in Newport News, Virginia, this area offers a diverse community and a range of housing options. With data from 2023, this snapshot provides a clear picture of population trends, income levels, housing costs, and racial composition. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, these insights can guide your decisions with confidence.

Population & Households

ZIP code 23601 is home to a population of 26,557 residents as of 2023. This sizable community is distributed across 11,556 households, reflecting a mix of family and individual living arrangements. The total number of housing units stands at 12,593, indicating a slight surplus of available properties compared to occupied households. This balance suggests potential opportunities for buyers or renters looking to move into the area, as well as for investors eyeing vacant units.

Income & Housing Costs

The median household income in ZIP 23601 is $71,345, a figure that positions the area as a moderately affluent community. This income level supports a stable local economy, which can be attractive for small businesses seeking a reliable customer base. On the housing front, the median house value is $235,600, offering a relatively accessible entry point for homebuyers compared to higher-priced markets. For renters, the median rent is $1,231 per month, reflecting a reasonable cost for those not ready to buy. These metrics highlight ZIP 23601 as a balanced market for both owning and renting.

Race & Ethnicity

The demographic makeup of ZIP 23601 showcases a diverse community. The racial composition includes 51.39% White, 37.89% Black, 0.56% Asian, and 5.42% Hispanic residents. This diversity can be a significant draw for businesses and families seeking an inclusive environment. It also offers cultural richness that can enhance community engagement and support a variety of local services and businesses catering to different backgrounds.

Key Facts

• Total population in ZIP 23601: 26,557 residents.
• Total households: 11,556, with 12,593 total housing units available.
• Median household income: $71,345, indicating moderate economic stability.
• Median house value: $235,600, accessible for many prospective buyers.
• Median rent: $1,231 per month, reasonable for the area.
• Racial diversity: 51.39% White, 37.89% Black, 0.56% Asian, 5.42% Hispanic.

What This Means for You

For homebuyers, ZIP 23601 presents an opportunity to purchase at a median value of $235,600, which is competitive for the region. The slight surplus of housing units (12,593 total versus 11,556 households) suggests you may have room to negotiate or find a property that fits your needs. Renters can also benefit from a median rent of $1,231, which aligns with the area’s income levels.

For real estate investors and agents, the data points to potential in both rental and sales markets. With a stable median income of $71,345, residents are likely to sustain rental payments or qualify for mortgages, reducing risk. The diversity of the population also means a broad tenant or buyer pool to target.

For small-business owners, the population of 26,557 and diverse demographic makeup offer a solid customer base. The median income suggests disposable income for goods and services, while the cultural mix can inspire tailored offerings that resonate with different groups.

For analysts, these figures provide a baseline for tracking trends in housing occupancy, income growth, or demographic shifts. The balance of housing units and households could signal future development or investment patterns worth monitoring.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 23601? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
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• Use the insights to make informed decisions for your home purchase, investment, or business strategy.