ZIP 24540 - 860Z200US24540 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 24540, understanding the local demographic and housing landscape is essential. Located in a dynamic area, this ZIP code offers a mix of affordability and diversity that appeals to homebuyers, real estate investors, small-business owners, and analysts alike. Using the latest 2023 data, this snapshot provides a clear picture of population trends, income levels, housing costs, and racial composition to help you make informed decisions. Let’s dive into the details of ZIP 24540 and uncover what makes this area unique.

Population & Households

ZIP 24540 is home to a population of 31,491 residents, making it a moderately sized community with a strong local presence. This population is distributed across 13,486 households, reflecting a variety of family structures and living arrangements. With 15,792 total housing units in the area, there’s a notable supply of homes, though not all are occupied. This balance of population and housing suggests opportunities for growth, whether you’re looking to settle down or invest in property. The size of this community also supports a range of local businesses, from retail to services, that can thrive on steady demand.

Income & Housing Costs

Financial metrics are a critical factor when evaluating any area, and ZIP 24540 presents an accessible economic profile. The median household income here is $47,207, which indicates a working-class community with moderate earning power. For homebuyers and investors, the median house value of $146,100 offers an affordable entry point compared to many urban markets, making it an attractive option for first-time buyers or those seeking value-driven investments. Renters, meanwhile, face a median rent of $828 per month, which aligns with the income levels and provides a reasonable cost of living for those not ready to buy. These figures highlight ZIP 24540 as a budget-friendly area with potential for steady returns.

Race & Ethnicity

Diversity shapes the cultural fabric of any community, and ZIP 24540 reflects a balanced mix of racial and ethnic backgrounds. The population is predominantly White at 50.13%, closely followed by Black residents at 42.28%. Hispanic individuals make up 3.76% of the population, while Asian residents account for 0.81%. This near-even split between White and Black populations suggests a community with rich cultural interactions, which can be a draw for families seeking inclusive environments and businesses aiming to serve a varied customer base. Understanding this composition can help tailor real estate strategies or marketing efforts to resonate with local demographics.

Key Facts

• Total population: 31,491 residents, offering a robust community size.
• Total households: 13,486, indicating diverse living arrangements.
• Total housing units: 15,792, with room for potential occupancy growth.
• Median household income: $47,207, reflecting a moderate economic base.
• Median house value: $146,100, an affordable option for buyers and investors.
• Median rent: $828, providing a reasonable cost for renters.
• Racial diversity: 50.13% White, 42.28% Black, 3.76% Hispanic, 0.81% Asian.

What This Means for You

For homebuyers, ZIP 24540 offers an affordable housing market with a median home value of $146,100, ideal for those looking to purchase without breaking the bank. The moderate median income of $47,207 suggests a stable, working-class community where you can build roots. Investors and real estate agents will find value in the surplus of housing units (15,792 total) compared to occupied households (13,486), pointing to potential rental or flip opportunities in an area with reasonable demand. Small-business owners can leverage the diverse population of over 31,000 and the cultural mix to offer products or services that appeal to a wide audience, while the affordable rent of $828 supports cost-effective commercial leasing. Analysts can use these metrics to benchmark ZIP 24540 against neighboring areas, identifying trends in affordability and growth potential. This data equips you with the insights needed to act confidently, whether you’re buying, investing, or starting a venture.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 24540? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access up-to-date population, income, and housing metrics tailored to your needs.
• Use the insights to compare areas, spot opportunities, and make data-driven decisions for your next move or investment.