ZIP 27701 - 860Z200US27701 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 27701 for your next home, investment property, or business location, understanding the local demographics and housing landscape is essential. Located in the heart of Durham, North Carolina, this area offers a dynamic mix of residents and opportunities. This snapshot, based on 2023 data, breaks down key metrics like population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into what makes ZIP 27701 unique and how it can align with your goals.

Population & Households

ZIP 27701 is home to a vibrant community of 24,881 residents. These individuals are spread across 11,787 households, reflecting a diverse and active population base. With 13,409 total housing units in the area, there’s a mix of occupied and available properties, which could signal opportunities for both buyers and investors. The ratio of households to population suggests an average household size of roughly 2.1, indicating a blend of singles, couples, and smaller families. This demographic makeup offers a balanced environment for businesses catering to varied customer needs and for investors eyeing rental or resale potential.

Income & Housing Costs

Financial metrics in ZIP 27701 paint a picture of a community with solid earning potential and notable housing value. The median household income stands at $66,852, providing a comfortable base for many residents and suggesting disposable income for local spending. On the housing front, the median house value is $457,600, reflecting a robust real estate market that could appeal to investors seeking appreciation or buyers looking for long-term value. For renters, the median rent is $1,279 per month, which aligns with the income levels and indicates a sustainable rental market for landlords. These figures highlight ZIP 27701 as a financially stable area with room for growth.

Race & Ethnicity

The cultural fabric of ZIP 27701 is rich and varied, offering a diverse community for residents and businesses alike. The racial composition breaks down as follows: 40.39% White, 32.24% Black, 2.72% Asian, and 19.48% Hispanic. This diversity fosters a multicultural environment that can benefit small businesses targeting niche markets or offering inclusive services. For homebuyers, it means a welcoming neighborhood with a broad range of perspectives and experiences. Investors and analysts can also note the potential for community-driven growth and engagement in this melting pot of backgrounds.

Key Facts

• Total population in ZIP 27701: 24,881 residents.
• Total households: 11,787, with an average size of about 2.1 people.
• Total housing units: 13,409, indicating availability for new occupants or investors.
• Median household income: $66,852, supporting a stable local economy.
• Median house value: $457,600, suggesting strong real estate potential.
• Median rent: $1,279, reflecting a viable rental market.
• Racial diversity: 40.39% White, 32.24% Black, 2.72% Asian, 19.48% Hispanic.

What This Means for You

For homebuyers, ZIP 27701 offers a promising mix of housing value and community diversity. With a median house value of $457,600, you’re investing in a market with strong potential for appreciation, while the cultural variety ensures a vibrant neighborhood to call home. Real estate investors and agents will find the balance of occupied and available housing units—13,409 total—alongside a median rent of $1,279, indicative of a healthy rental demand and opportunities for flips or long-term holds. Small-business owners can leverage the diverse population of 24,881 and a median income of $66,852 to target a wide customer base with purchasing power, ideal for retail, dining, or service-based ventures. Analysts can use these metrics to benchmark ZIP 27701 against other areas, identifying trends in housing affordability or demographic shifts. Whether you’re settling down, investing, or launching a business, this area provides a solid foundation to build on.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 27701? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Input any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your needs.
• Use the insights to compare locations, spot opportunities, and make data-driven decisions for your home purchase, investment, or business strategy.