ZIP 29588 - 860Z200US29588 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 29588, understanding the local demographics and housing landscape is essential. Located in a dynamic area, this ZIP code offers a blend of residential appeal and economic potential. With a population of over 53,000 and a median household income of $66,854, ZIP 29588 presents a stable and growing community. This article breaks down key metrics from 2023 data, providing actionable insights for homebuyers, real estate investors, small-business owners, and analysts. Let’s dive into the numbers to see what makes this area unique.

Population & Households

ZIP 29588 is home to 53,114 residents, making it a sizable community with a diverse range of needs and opportunities. These individuals are spread across 19,769 households, indicating an average household size of roughly 2.7 people. This balance suggests a mix of families, couples, and individuals, which can influence housing demand and local business potential. Whether you're looking to buy a home or open a shop, the population density here supports a robust customer base or neighborhood network.

Income & Housing Costs

The median household income in ZIP 29588 stands at $66,854, reflecting a solid economic foundation for many residents. This income level supports a comfortable lifestyle in the area, especially when paired with housing costs. The median home value is $241,700, which offers a reasonable entry point for buyers compared to pricier markets. For renters, the median rent is $1,220 per month, indicating a competitive rental market that could appeal to investors seeking steady returns. These figures suggest that ZIP 29588 strikes a balance between affordability and value, making it an attractive option for various stakeholders.

Race & Ethnicity

The demographic makeup of ZIP 29588 is predominantly White, with 76.77% of the population identifying as such. Hispanic residents account for 11.01%, while Black residents make up 6.3%, and Asian residents represent 0.95%. This diversity, though moderate, contributes to a culturally rich community where businesses and services can cater to a variety of backgrounds. For investors and business owners, understanding this composition can help tailor offerings or marketing strategies to resonate with local residents.

Key Facts

• Total population: 53,114, indicating a substantial community with diverse needs.
• Total households: 19,769, supporting an average household size of about 2.7 people.
• Total housing units: 22,223, showing a slight surplus over occupied households.
• Median household income: $66,854, reflecting economic stability for many residents.
• Median home value: $241,700, offering a balanced entry point for homebuyers.
• Median rent: $1,220, suggesting a competitive rental market for investors.
• Racial composition: 76.77% White, 11.01% Hispanic, 6.3% Black, 0.95% Asian, showcasing moderate diversity.

What This Means for You

For homebuyers, ZIP 29588 offers a promising mix of affordability and community size. With a median home value of $241,700, you can find properties that fit a range of budgets, while the population of over 53,000 ensures a vibrant neighborhood feel. The slight surplus of housing units (22,223 total) over households (19,769) may also mean less competition in certain price brackets.

For investors and real estate agents, the rental market in ZIP 29588 is worth noting. A median rent of $1,220 suggests demand for rental properties, and the income levels here indicate tenants can likely afford consistent payments. The population size also supports long-term growth potential for property values.

For small-business owners, this ZIP code’s demographics point to a stable customer base. With a median household income of $66,854 and a diverse racial composition, you can target a broad audience while tailoring services to specific community segments. The population density ensures foot traffic for retail or service-based ventures.

For analysts, these metrics provide a clear snapshot of economic and social trends in ZIP 29588. The balance of income, housing costs, and diversity offers a foundation for deeper studies into market potential or community development.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 29588? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
• Enter any ZIP code to access up-to-date demographic and housing data tailored to your needs.
• Use the insights to make informed decisions, whether you're buying, investing, or planning a business.