ZIP 28031 - 860Z200US28031 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 28031, understanding the local demographics and housing landscape is essential. Located in an area with a robust population and strong economic indicators, this ZIP code offers a compelling mix of residential stability and growth potential. 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.

Population & Households

ZIP 28031 is home to a population of 31,021 residents, making it a moderately sized community with a diverse range of needs and opportunities. These individuals are distributed across 13,088 households, reflecting a solid base of family units and individual dwellers. With 14,194 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could indicate availability for new residents or investors looking to enter the market.

Income & Housing Costs

One of the standout features of ZIP 28031 is its strong economic profile. The median household income stands at $115,746, suggesting a relatively affluent community with significant purchasing power. This income level supports a housing market where the median home value is $497,400, positioning the area as a desirable location for those seeking upscale or appreciating properties. For renters, the median monthly rent is $1,587, which aligns with the higher cost of living and reflects the quality of housing options available. These figures highlight ZIP 28031 as a market with premium real estate opportunities.

Race & Ethnicity

The demographic makeup of ZIP 28031 offers insight into the community’s cultural fabric. The population is predominantly White at 81.94%, with smaller but notable percentages of Black (4.31%), Asian (2.4%), and Hispanic (6.31%) residents. This composition indicates a primarily homogeneous area with pockets of diversity, which can influence community dynamics, local businesses, and cultural offerings. For businesses and investors, understanding this breakdown can help tailor services or marketing strategies to the majority demographic while addressing the needs of smaller groups.

Key Facts

• Total population in ZIP 28031: 31,021 residents as of 2023.
• Total households: 13,088, supporting a stable residential base.
• Total housing units: 14,194, indicating potential availability for new occupants.
• Median household income: $115,746, reflecting strong economic health.
• Median home value: $497,400, a marker of a high-value real estate market.
• Median rent: $1,587 per month, consistent with an upscale rental market.
• Racial composition: 81.94% White, 4.31% Black, 2.4% Asian, 6.31% Hispanic.

What This Means for You

For homebuyers, ZIP 28031 presents an opportunity to invest in a community with high property values and a strong median income, suggesting long-term stability and potential appreciation. The median home value of $497,400 indicates a premium market, so be prepared for a significant investment, but one that could yield returns in a financially secure area. Real estate investors and agents will find the slight surplus of housing units (14,194 total vs. 13,088 occupied) intriguing, as it may point to opportunities for flipping, renting, or developing properties, especially given the high rental rates of $1,587 per month. Small-business owners can leverage the affluent demographic—evidenced by the $115,746 median income—to target premium products or services, while also considering the cultural needs of a predominantly White population with growing diversity. Analysts can use this data to benchmark ZIP 28031 against neighboring areas, focusing on income and housing trends to predict future growth or shifts in demand.

Run This Study Yourself

• Curious about diving deeper into ZIP 28031 or comparing it with another area? Start by visiting ZipcodeGPT to access powerful demographic and housing analysis tools.
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