ZIP 24112 - 860Z200US24112 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 24112 for your next home, investment property, or business location, understanding the local demographics and housing landscape is essential. Located in a dynamic area, this ZIP code offers a mix of affordability and diversity that appeals to a wide range of stakeholders. From homebuyers seeking value to investors eyeing growth potential and small-business owners looking for a solid customer base, this snapshot provides the data-driven insights you need to make informed decisions. Using the latest 2023 data, we’ll break down population, income, housing costs, and more for ZIP 24112.

Population & Households

ZIP 24112 is home to a population of 30,862 residents, making it a moderately sized community with a blend of urban and suburban characteristics. This population is distributed across 12,849 households, reflecting a variety of family structures and living arrangements. With 15,999 total housing units in the area, there’s a notable supply of homes, though not all are occupied, suggesting potential opportunities for buyers or investors looking to enter the market.

Income & Housing Costs

The median household income in ZIP 24112 stands at $47,059, which indicates a community with moderate earning power. This income level can support a range of lifestyles while keeping affordability in focus for potential residents. On the housing front, the median home value is $119,200—a figure that positions this area as an accessible entry point for first-time homebuyers or investors seeking lower-cost properties with room for appreciation. For renters, the median rent of $770 per month offers a cost-effective alternative to homeownership, making this ZIP code attractive to a diverse tenant pool.

Race & Ethnicity

ZIP 24112 boasts a diverse community, with a racial and ethnic composition that reflects a rich cultural tapestry. The population identifies as 50.42% White, 37.76% Black, 1.14% Asian, and 6.58% Hispanic. This diversity can be a significant draw for businesses aiming to serve a broad customer base or for families seeking an inclusive environment. Understanding this mix is crucial for tailoring services, marketing strategies, or community engagement efforts in this area.

Key Facts

• Total population: 30,862 residents, offering a substantial market for businesses and services.
• Total households: 12,849, indicating a strong base of potential customers or tenants.
• Total housing units: 15,999, with some vacancy that could signal investment opportunities.
• Median household income: $47,059, reflecting moderate affordability for residents.
• Median home value: $119,200, an accessible price point for buyers and investors.
• Median rent: $770, appealing to renters seeking cost-effective housing options.
• Diverse demographics: 50.42% White, 37.76% Black, 1.14% Asian, and 6.58% Hispanic, fostering a vibrant community.

What This Means for You

For homebuyers, ZIP 24112 presents an opportunity to purchase at a median value of $119,200, well below many national averages, allowing you to enter the housing market without overextending financially. The moderate median income of $47,059 suggests a stable community where neighbors are likely to maintain long-term residency, fostering a sense of belonging. Investors and real estate agents will note the surplus of housing units (15,999 total) compared to households (12,849), hinting at potential vacancies to target for rental or flip opportunities, especially with a median rent of $770 that appeals to a wide tenant base. Small-business owners can leverage the diverse population of 30,862 and cultural mix to offer products or services that resonate with varied consumer needs, from niche ethnic markets to broad-appeal retail. Analysts can use this data as a baseline to track trends in affordability and demographic shifts, informing future market predictions for this area.

Run This Study Yourself

• Curious about diving deeper into ZIP 24112 or exploring another area? Start by visiting ZipcodeGPT for a user-friendly platform to access detailed demographic and housing data.
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