ZIP 29316 - 860Z200US29316 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 29316, understanding the local demographics and housing landscape is essential. Located in a dynamic area, this ZIP code offers a blend of suburban appeal and economic potential. With a population of over 31,000 and a median household income above the national average, ZIP 29316 presents opportunities for homebuyers, real estate investors, small-business owners, and analysts alike. This snapshot, based on 2023 data, breaks down key metrics to help you make informed decisions.

Population & Households

ZIP 29316 is home to 31,874 residents, making it a moderately sized community with a strong residential base. These individuals are distributed across 11,999 households, reflecting a mix of family and individual living arrangements. The total number of housing units stands at 12,202, indicating a slight surplus of available homes relative to occupied households. This balance suggests a stable housing market with room for growth, which could be attractive for those looking to settle or invest in the area.

Income & Housing Costs

The median household income in ZIP 29316 is $75,808, a figure that points to a relatively affluent community compared to many national benchmarks. This income level supports a comfortable lifestyle and indicates purchasing power for local businesses. On the housing front, the median home value is $227,700, offering a reasonable entry point for buyers in a competitive market. For renters, the median rent is $1,133 per month, which aligns with the income levels and suggests affordability for a significant portion of residents. These metrics highlight ZIP 29316 as a financially stable area for both homeowners and tenants.

Race & Ethnicity

The demographic makeup of ZIP 29316 reflects a diverse yet predominantly white community. Approximately 71.65% of residents identify as white, followed by 14.74% as Black, 5.25% as Hispanic, and 4.46% as Asian. This diversity contributes to a culturally rich environment, which can be a draw for families and businesses seeking inclusive communities. Understanding this composition can help tailor marketing strategies for small businesses or inform community engagement for real estate professionals working in the area.

Key Facts

• Total population: 31,874 residents, indicating a sizable community with growth potential.
• Total households: 11,999, reflecting a strong base of family and individual units.
• Total housing units: 12,202, suggesting a small surplus of available homes.
• Median household income: $75,808, above many national averages, signaling economic stability.
• Median home value: $227,700, an accessible price point for many prospective buyers.
• Median rent: $1,133, aligning with local income levels for renter affordability.
• Racial composition: 71.65% white, 14.74% Black, 5.25% Hispanic, 4.46% Asian, showcasing diversity.

What This Means for You

For homebuyers, ZIP 29316 offers a promising mix of affordability and community size. With a median home value of $227,700, it’s a feasible market for first-time buyers or those looking to upgrade within a stable economic environment. Investors and real estate agents will note the slight surplus of housing units (12,202 total) compared to households (11,999), which could signal opportunities for rental properties or future sales as demand grows. The median rent of $1,133 also supports a viable rental market. Small-business owners can leverage the area’s $75,808 median income and diverse population to target a customer base with disposable income and varied needs. Analysts studying market trends will find the demographic diversity and income stability useful for forecasting growth in this ZIP code.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 29316? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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• Use the insights to make data-driven decisions for your next home purchase, investment, or business venture.