ZIP 27707 - 860Z200US27707 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 27707, located in Durham, North Carolina, this demographic and housing snapshot offers a clear picture of the area in 2023. With a diverse population, a range of income levels, and a dynamic housing market, this ZIP code presents unique opportunities and considerations for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you make informed decisions.

Population & Households

ZIP 27707 is home to a substantial population of 50,865 residents as of 2023. This figure reflects a vibrant community with a mix of families, professionals, and individuals. The area comprises 21,509 households, indicating a strong residential base. With 23,528 total housing units, there’s a slight surplus of available homes compared to occupied households, which could suggest opportunities for buyers or investors looking to enter the market.

Income & Housing Costs

The median household income in ZIP 27707 stands at $72,432, positioning the area as a middle-to-upper income community in the context of national averages. This income level supports a housing market where the median house value is $371,500, reflecting a competitive yet accessible market for potential buyers. For renters, the median rent is $1,364 per month, which aligns with the income demographics and suggests a balanced rental market for those not ready to buy. These figures provide a solid foundation for understanding affordability and investment potential in this area.

Race & Ethnicity

ZIP 27707 boasts a diverse cultural makeup, which contributes to a rich community fabric. The racial and ethnic composition includes 40.48% White, 33.02% Black, 4.78% Asian, and 17.05% Hispanic residents. This diversity can be a significant draw for businesses seeking a broad customer base or for families looking for an inclusive environment. Understanding this mix is also valuable for investors and analysts assessing market trends and community needs.

Key Facts

• Total population: 50,865 residents, indicating a sizable and active community.
• Total households: 21,509, reflecting a strong residential presence.
• Total housing units: 23,528, suggesting potential availability for new occupants or investors.
• Median household income: $72,432, supporting a stable economic base.
• Median house value: $371,500, indicative of a competitive housing market.
• Median rent: $1,364, offering insight into rental affordability.
• Diverse demographics: 40.48% White, 33.02% Black, 4.78% Asian, and 17.05% Hispanic.

What This Means for You

For homebuyers, ZIP 27707 offers a competitive yet attainable housing market with a median home value of $371,500. The slight surplus of housing units compared to households could mean less competition for certain properties, but the median income of $72,432 suggests you’ll need a solid financial plan to match the area’s economic profile. The diverse community also ensures a welcoming environment for families of varied backgrounds.

For investors and real estate agents, the numbers point to potential in both buying and renting markets. With over 23,000 housing units and a median rent of $1,364, there’s room to explore rental property investments, especially given the area’s income stability. The diversity and population size also indicate sustained demand for housing over time.

For small-business owners, the demographic diversity and population of over 50,000 create a broad customer base. The median income level supports discretionary spending, which could benefit retail, dining, or service-based businesses. Tailoring offerings to the cultural mix—spanning White, Black, Asian, and Hispanic communities—could be a key to success.

For analysts, these metrics provide a snapshot of a balanced, diverse, and economically stable area. The data can inform broader market studies or localized investment strategies, especially when paired with historical trends or neighboring ZIP code comparisons.

Run This Study Yourself

• Curious about diving deeper into ZIP 27707 or exploring another area? Start by visiting ZipcodeGPT for a user-friendly platform to access detailed demographic and housing data.
• Input any ZIP code of interest to generate a customized report with the latest metrics, tailored to your needs as a buyer, investor, or business owner.
• Use the insights to compare markets, identify opportunities, and make data-driven decisions with confidence.