ZIP 29016 - 860Z200US29016 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 29016, located in South Carolina, this demographic and housing snapshot offers a clear picture of the area. With data from 2023, we’ll break down key metrics like population, income, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights into ZIP 29016 will guide your next steps with confidence.

Population & Households

ZIP 29016 is home to a population of 29,193 residents, making it a moderately sized community with a mix of urban and suburban characteristics. The area supports 11,201 households, reflecting a strong base of families and individuals. With 11,958 total housing units, there’s a slight surplus of available homes compared to occupied households, which could indicate opportunities for buyers or investors looking for properties in this region.

Income & Housing Costs

One of the standout metrics for ZIP 29016 is its median household income of $100,122, which suggests a relatively affluent community compared to national averages. This income level supports a robust local economy, potentially benefiting small businesses and service providers. On the housing front, the median home value stands at $330,900, indicating a market that’s accessible to mid-range buyers while offering room for appreciation. For renters, the median rent is $1,265 per month, which aligns with the area’s income levels and provides a viable option for those not ready to buy.

Race & Ethnicity

ZIP 29016 boasts a diverse population, with a near-even split between its largest racial groups. Black residents make up 43.19% of the population, while White residents account for 41.59%. Hispanic individuals represent 6.91%, and Asian residents comprise 3.15%. This diversity creates a vibrant cultural landscape, appealing to those who value inclusive communities and offering businesses a varied customer base to serve.

Key Facts

• Total population: 29,193 residents in ZIP 29016.
• Total households: 11,201, supporting a mix of family and individual living.
• Total housing units: 11,958, with a small surplus of available properties.
• Median household income: $100,122, indicating strong earning potential.
• Median home value: $330,900, suitable for mid-range buyers and investors.
• Median rent: $1,265, offering affordable rental options.
• Diverse demographics: Black (43.19%), White (41.59%), Hispanic (6.91%), Asian (3.15%).

What This Means for You

For homebuyers, ZIP 29016 presents a promising market with median home values at $330,900, which could be within reach for many, especially given the high median household income of $100,122. The slight surplus of housing units (11,958 total versus 11,201 households) may also mean less competition for properties. If you’re a renter, the median rent of $1,265 offers a reasonable alternative while you save for a down payment.

For real estate investors and agents, the combination of a strong median income and a diverse population suggests demand for both rental and purchase properties. The area’s housing surplus could provide opportunities to acquire properties at competitive prices, while the income levels indicate tenants and buyers with solid financial stability.

For small-business owners, ZIP 29016’s population of nearly 30,000 and diverse demographic makeup create a broad customer base. The high median income also means residents likely have disposable income for goods and services, making this an attractive spot for retail, dining, or professional services.

For analysts, the balanced racial composition and economic indicators like income and housing costs provide a rich dataset for studying community trends, market potential, and growth opportunities in this South Carolina ZIP code.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 29016? Start by visiting ZipcodeGPT for a user-friendly platform to analyze any ZIP code.
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