ZIP 28314 - 860Z200US28314 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 28314, located in the Fayetteville area of North Carolina, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ve compiled key metrics on population, income, housing, and diversity to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into what makes ZIP 28314 unique and how its characteristics can align with your goals.

Population & Households

ZIP 28314 is home to a substantial population of 56,200 residents, making it a vibrant and active community. This area supports 22,545 households, reflecting a mix of family and individual living arrangements. With 24,832 total housing units, there’s a slight surplus of available homes compared to occupied households, which could indicate opportunities for buyers or renters looking to settle in the area. The population size also suggests a robust local market for businesses seeking a steady customer base.

Income & Housing Costs

The median household income in ZIP 28314 stands at $60,036, positioning it as a middle-income area with reasonable earning potential for residents. Housing affordability is a key consideration here, with a median house value of $172,000. This price point may appeal to first-time homebuyers or investors seeking properties at a moderate cost compared to national averages. For renters, the median rent is $1,197 per month, which aligns with the income levels and offers a balanced cost of living for those not ready to buy. These figures suggest a stable economic environment for both residents and business owners.

Race & Ethnicity

ZIP 28314 boasts a diverse community, which adds to its cultural richness and appeal. The racial composition includes 49.03% Black residents, making it the largest demographic group, followed by 24.83% White residents, 16.08% Hispanic residents, and 3.33% Asian residents. This diversity can be a significant draw for families and businesses looking to engage with a wide range of perspectives and customer needs. It also reflects an inclusive environment that could foster community connections and varied market opportunities.

Key Facts

• Total population: 56,200 residents, indicating a sizable community.
• Total households: 22,545, showing a strong base of local families and individuals.
• Total housing units: 24,832, suggesting some availability for new residents or investors.
• Median household income: $60,036, reflecting a moderate earning capacity.
• Median house value: $172,000, an accessible entry point for homebuyers.
• Median rent: $1,197, offering a reasonable rental market.
• Diverse demographics: 49.03% Black, 24.83% White, 16.08% Hispanic, 3.33% Asian.

What This Means for You

For homebuyers, ZIP 28314 presents an affordable housing market with a median home value of $172,000, ideal for those entering the market or seeking a cost-effective upgrade. The slight surplus of housing units could mean less competition when searching for a property. Real estate investors and agents might find value in the area’s moderate home prices and rental rates of $1,197, which could yield steady returns in a growing community of over 56,000 people. Small-business owners can tap into a diverse and sizable population, leveraging the cultural variety and middle-income base to tailor products or services. Finally, analysts can use these metrics to assess market trends, housing demand, and economic stability in ZIP 28314, providing a foundation for deeper research or strategic planning.

Run This Study Yourself

Curious to explore more about ZIP 28314 or other areas? Uncover detailed demographic and housing insights with these simple steps:

• Visit ZipcodeGPT to access powerful tools for ZIP code analysis.
• Enter any ZIP code to generate a customized report with the latest data.
• Use the insights to guide your homebuying, investment, or business decisions with confidence.