ZIP 29483 - 860Z200US29483 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 29483, located in the Summerville area of South Carolina, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ll break down key metrics like population, income, housing costs, and racial composition to help homebuyers, real estate investors, agents, small-business owners, and analysts make informed decisions. Let’s dive into what makes ZIP 29483 unique and how it could align with your goals.

Population & Households

ZIP 29483 is home to a sizable population of 56,979 residents, reflecting a vibrant and growing community. This area supports 21,621 households, indicating a strong base of families and individuals. With 23,133 total housing units, there’s a modest buffer of available properties, which could signal opportunities for buyers or investors looking to enter the market. This balance between population and housing suggests a stable yet dynamic area, ideal for those seeking a blend of suburban comfort and growth potential.

Income & Housing Costs

The median household income in ZIP 29483 stands at $82,194, pointing to a relatively affluent community with solid earning power. This income level supports a robust local economy, which can be a draw for small businesses and investors. On the housing front, the median home value is $303,400, reflecting a competitive yet accessible market for buyers in the region. For renters, the median rent is $1,220 per month, offering a more affordable alternative to homeownership while still aligning with the area’s income levels. These figures suggest that ZIP 29483 strikes a balance between cost and quality of living, appealing to a wide range of budgets.

Race & Ethnicity

The demographic makeup of ZIP 29483 showcases a diverse community with a majority White population at 68.33%. Black residents make up 19.18% of the population, while Hispanic or Latino individuals account for 6.7%. The Asian population is smaller at 1.41%, rounding out a mix that reflects a blend of cultural backgrounds. This diversity can enrich the social fabric of the area, offering a welcoming environment for newcomers and businesses aiming to serve a varied customer base.

Key Facts

• Total population: 56,979 residents, indicating a thriving community.
• Total households: 21,621, supporting a strong residential base.
• Total housing units: 23,133, suggesting some availability for new occupants.
• Median household income: $82,194, reflecting solid economic stability.
• Median home value: $303,400, a competitive price point for the region.
• Median rent: $1,220, offering an affordable rental market.
• Racial composition: 68.33% White, 19.18% Black, 6.7% Hispanic, 1.41% Asian.

What This Means for You

For homebuyers, ZIP 29483 presents a promising market with median home values at $303,400, which could be within reach for many, especially given the median household income of $82,194. The slight surplus of housing units over households hints at potential availability, though competition may still exist in desirable neighborhoods. Real estate investors and agents can find value in this growing area, where a diverse population and stable income levels suggest sustained demand for both rentals and purchases. The median rent of $1,220 also indicates a viable rental market for income properties. Small-business owners should note the diverse demographic mix and solid income base, which could translate to a broad customer pool with purchasing power for goods and services. Finally, analysts can use these metrics to benchmark ZIP 29483 against nearby areas, identifying trends in housing affordability and population growth for deeper market insights.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 29483? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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• Use the insights to make data-driven decisions, whether you’re buying a home, investing, or planning a business venture.