ZIP 26505 - 860Z200US26505 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 26505, located in the heart of Morgantown, West Virginia, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 37,000 and a mix of housing options, this ZIP code presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you make informed decisions about living, working, or investing here.

Population & Households

ZIP 26505 is home to a sizable population of 37,691 residents as of 2023. This figure reflects a vibrant community with a diverse range of needs and opportunities. The area supports 16,392 households, indicating a strong base of families, students, and professionals. With 19,220 total housing units, there’s a notable supply of homes, though not all are occupied, suggesting potential for growth or investment in vacant properties. This balance of population and housing makes ZIP 26505 a dynamic area to watch for residential and commercial development.

Income & Housing Costs

Understanding the financial landscape of ZIP 26505 is crucial for anyone looking to settle or invest here. The median household income stands at $42,275, which reflects a moderate earning capacity for residents. This income level can influence affordability and spending power in the local economy. On the housing front, the median home value is $265,100, positioning ZIP 26505 as a relatively accessible market for buyers compared to national averages in many urban areas. For renters, the median rent is $942 per month, offering a more budget-friendly option for those not ready to buy. These figures provide a solid foundation for assessing whether this area aligns with your financial goals.

Race & Ethnicity

The demographic makeup of ZIP 26505 offers insight into the community’s diversity. The population is predominantly White at 81.53%, with smaller but significant representation from other groups: Black residents make up 3.71%, Asian residents account for 6.47%, and Hispanic or Latino individuals comprise 3.38%. This composition suggests a primarily homogenous area with pockets of cultural diversity, which could influence community dynamics, local businesses, and social services. For businesses and investors, understanding this mix can help tailor offerings or marketing strategies to resonate with the local population.

Key Facts

• Total population in ZIP 26505: 37,691 residents as of 2023.
• Total households: 16,392, supporting a mix of family and individual living arrangements.
• Total housing units: 19,220, with some vacancy indicating potential for growth.
• Median household income: $42,275, reflecting moderate earning capacity.
• Median home value: $265,100, offering a competitive entry point for buyers.
• Median rent: $942 per month, a viable option for renters.
• Racial composition: 81.53% White, 6.47% Asian, 3.71% Black, and 3.38% Hispanic.

What This Means for You

For homebuyers, ZIP 26505 presents an attractive market with a median home value of $265,100, which may be within reach for many looking to settle in a community with a substantial population base. The moderate median rent of $942 also makes this area a feasible option if you’re not ready to purchase. Investors and real estate agents should note the gap between total housing units (19,220) and occupied households (16,392), which hints at opportunities for rental properties or flipping homes in a growing market. Small-business owners can leverage the population of over 37,000 and the moderate income levels to offer products or services that match local affordability, while the diversity in race and ethnicity suggests niche markets to explore. Analysts will find this data a useful starting point for deeper studies on housing trends or economic potential in ZIP 26505.

Run This Study Yourself

Want to dive deeper into ZIP 26505 or analyze another area? Follow these steps to get customized insights:

• Visit ZipcodeGPT to access powerful demographic and housing analysis tools.
• Enter any ZIP code to uncover detailed metrics like population, income, and housing costs.
• Use the data to inform your decisions, whether you’re buying, investing, or starting a business.