ZIP 27514 - 860Z200US27514 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 27514, located in the heart of North Carolina, this demographic and housing snapshot offers a clear picture of the area. With data from 2023, we’ve compiled key metrics on population, income, housing costs, and racial composition to help homebuyers, real estate investors, agents, small-business owners, and analysts make informed decisions. Whether you’re eyeing a family home, a rental property, or a commercial space, understanding ZIP 27514’s profile is the first step to success.

Population & Households

ZIP 27514 is home to a vibrant community of 32,612 residents. This sizable population supports a dynamic local economy and offers a diverse customer base for businesses. The area comprises 10,096 households, reflecting a mix of family units, students, and professionals. With 11,470 total housing units, there’s a notable supply of homes, though occupancy rates suggest some vacancies or seasonal properties. This balance of population and housing creates opportunities for both residential and commercial growth.

Income & Housing Costs

The median household income in ZIP 27514 stands at $94,167, indicating a relatively affluent community with strong purchasing power. This income level supports a robust local market for goods and services, making it attractive for small businesses. On the housing front, the median home value is $628,700, reflecting a premium real estate market that could appeal to investors seeking long-term appreciation. For renters, the median rent is $1,491 per month, suggesting a competitive rental market that balances affordability with quality. These figures highlight ZIP 27514 as a location with significant economic stability and housing demand.

Race & Ethnicity

ZIP 27514 boasts a diverse population, fostering a culturally rich environment. The racial composition includes 62.28% White, 9.27% Black, 14.53% Asian, and 8.56% Hispanic residents. This diversity can be a draw for families and businesses alike, offering a welcoming community and a broad customer base. For investors and business owners, this mix suggests a market that values inclusivity and varied perspectives, which can translate into unique opportunities for engagement and growth.

Key Facts

• Total population: 32,612 residents, providing a substantial local market.
• Total households: 10,096, reflecting a mix of family and individual living arrangements.
• Total housing units: 11,470, indicating potential availability for new residents or investors.
• Median household income: $94,167, showcasing strong economic capacity.
• Median home value: $628,700, pointing to a high-value real estate market.
• Median rent: $1,491, suggesting a competitive yet accessible rental landscape.
• Racial diversity: 62.28% White, 14.53% Asian, 9.27% Black, and 8.56% Hispanic, highlighting a multicultural community.

What This Means for You

For homebuyers, ZIP 27514 offers a premium housing market with a median home value of $628,700, ideal for those seeking a long-term investment in a stable, affluent area. The diverse community and sizable population also mean access to good schools, amenities, and social networks. Investors and real estate agents will find potential in the high home values and rental rates ($1,491 median rent), which suggest strong returns on rental properties or flips, especially with some housing units potentially vacant. The economic strength, with a median income of $94,167, supports sustained demand. For small-business owners, the population of over 32,000 and diverse demographic makeup provide a solid customer base, while the income levels indicate disposable income for discretionary spending. Analysts can use these metrics to benchmark ZIP 27514 against other areas, noting its economic and cultural strengths as key drivers of opportunity.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 27514? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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