ZIP 29407 - 860Z200US29407 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 29407 for your next home, investment, or business venture, this demographic and housing snapshot offers a clear picture of the area based on the latest 2023 data. Located in the Charleston, South Carolina region, 29407 is a vibrant community with a mix of residential and economic opportunities. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, understanding the population, income, housing trends, and diversity of this area can help you make informed decisions. Let’s break down the key metrics to reveal what makes 29407 unique and how it might align with your goals.

Population & Households

In 2023, ZIP code 29407 is home to a population of 36,640 residents. This sizable community is distributed across 16,874 households, indicating a mix of family and individual living arrangements. With 18,723 total housing units in the area, there’s a notable presence of both occupied and vacant properties, which could signal opportunities for buyers or investors looking to enter the market. The ratio of households to population suggests an average household size of roughly 2.2 people, pointing to a blend of smaller families or solo dwellers alongside larger households.

Income & Housing Costs

Financial metrics are critical when evaluating any area, and ZIP 29407 offers a promising outlook for many. The median household income stands at $80,568, reflecting a solid economic base that can support local businesses and attract professionals. On the housing front, the median house value is $407,300, which positions 29407 as a competitive yet accessible market for homebuyers in the Charleston area. For renters, the median rent is $1,388 per month, indicating a rental market that caters to a range of budgets but may require careful financial planning for some. These figures suggest a balanced cost of living, appealing to diverse groups from first-time buyers to seasoned investors.

Race & Ethnicity

Diversity is a key strength of ZIP code 29407, with a racial and ethnic composition that reflects a multifaceted community. The population identifies as 63.29% White, 25.6% Black, 2.19% Asian, and 5.36% Hispanic. This blend of backgrounds contributes to a culturally rich environment, which can be a draw for families seeking inclusive neighborhoods, businesses aiming to serve varied customer bases, or investors looking for dynamic, growing areas. Understanding this demographic makeup can help tailor decisions, whether you’re planning a community-focused business or seeking a welcoming place to call home.

Key Facts

• Total population in ZIP 29407: 36,640 residents as of 2023.
• Total households: 16,874, with an average household size of approximately 2.2 people.
• Total housing units: 18,723, including both occupied and vacant properties.
• Median household income: $80,568, indicating a stable economic foundation.
• Median house value: $407,300, competitive for the Charleston region.
• Median rent: $1,388 per month, reflecting a diverse rental market.
• Racial composition: 63.29% White, 25.6% Black, 2.19% Asian, 5.36% Hispanic.

What This Means for You

For homebuyers, ZIP 29407 offers a compelling mix of affordability and value with a median home price of $407,300, ideal for those looking to invest in a growing Charleston-area community. The diversity and population size also suggest a lively, connected neighborhood suitable for families or individuals. Real estate investors and agents can take note of the 18,723 housing units, as the presence of vacant properties may present opportunities for flips or rentals, especially with a median rent of $1,388 attracting steady demand. Small-business owners will find the $80,568 median income and diverse demographic profile advantageous for targeting a broad customer base, whether opening a retail shop, service, or restaurant. Analysts can use these metrics to benchmark 29407 against nearby ZIP codes, identifying trends in housing or economic growth. Whatever your role, these insights provide a foundation for strategic planning in this dynamic area.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 29407? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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• Use the insights to compare locations, spot opportunities, and make data-driven decisions for your home, investment, or business goals.