ZIP 27407 - 860Z200US27407 — Demographic Snapshot (2023)

Overview

If you're considering ZIP code 27407 for your next home, investment, or business venture, this demographic and housing snapshot offers a clear picture of what to expect. Located in the heart of North Carolina, this area encompasses a vibrant community of over 52,000 residents. Whether you're a homebuyer, real estate investor, small-business owner, or data analyst, understanding the population dynamics, income levels, housing costs, and cultural diversity of 27407 can guide your decisions. Let's dive into the numbers for 2023 and uncover the opportunities this area holds.

Population & Households

ZIP code 27407 is home to a substantial population of 52,583 individuals, making it a bustling and active community. These residents are spread across 21,905 households, reflecting a mix of family structures and living arrangements. With 23,861 total housing units in the area, there’s a noticeable gap between available units and occupied households, which could indicate potential vacancies or opportunities for growth. This population size and household distribution suggest a dynamic area with room for both residential and commercial development.

Income & Housing Costs

The median household income in ZIP 27407 stands at $59,308, positioning it as a middle-income area with a stable economic base. For homebuyers and investors, the median house value of $203,800 offers a relatively accessible entry point compared to many urban markets, while still promising value appreciation potential. Renters in this area face a median rent of $1,113 per month, which aligns with the income levels and suggests a balanced rental market. These figures provide a solid foundation for assessing affordability and investment returns in 27407.

Race & Ethnicity

ZIP 27407 boasts a richly diverse community, with a racial and ethnic composition that reflects a blend of backgrounds. Black residents make up the largest group at 41.87%, followed by White residents at 31.75%. Asian individuals account for 11.16% of the population, while Hispanic or Latino residents comprise 11.09%. This diversity creates a culturally vibrant environment, offering unique opportunities for businesses catering to varied tastes and needs, as well as fostering an inclusive atmosphere for families and individuals looking to settle in the area.

Key Facts

• Total population in ZIP 27407: 52,583 residents, indicating a sizable community.
• Total households: 21,905, showing a mix of family and individual living arrangements.
• Total housing units: 23,861, with potential vacancies or growth opportunities.
• Median household income: $59,308, reflecting a stable middle-income area.
• Median house value: $203,800, an accessible price point for many buyers.
• Median rent: $1,113, aligning with local income levels for renters.
• Diverse population: 41.87% Black, 31.75% White, 11.16% Asian, and 11.09% Hispanic.

What This Means for You

For homebuyers, ZIP 27407 offers a compelling mix of affordability and community diversity. With a median home value of $203,800, you can find properties that fit a moderate budget while enjoying a culturally rich neighborhood. The population size and household density also mean access to local amenities and a sense of community.

For real estate investors and agents, the gap between total housing units (23,861) and occupied households (21,905) could signal opportunities for rental properties or fixer-uppers. The median rent of $1,113 suggests a steady demand for rentals, while the home value indicates potential for appreciation in a growing area.

For small-business owners, the diverse demographic makeup of 27407 is a significant advantage. Tailoring products or services to a multicultural audience—spanning Black, White, Asian, and Hispanic communities—can help you tap into varied consumer needs. The population of over 52,000 also ensures a sizable customer base.

For analysts, these metrics provide a robust dataset to evaluate trends in housing, income, and diversity. The balance of income and housing costs, combined with a large population, makes 27407 a case study for urban-suburban dynamics in North Carolina.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 27407? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access detailed reports on population, housing, income, and more, tailored to your needs.
• Use the insights to make informed decisions, whether you're buying a home, investing, or planning a business in the area.