ZIP 30240 - 860Z200US30240 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 30240, understanding the local demographics and housing landscape is essential. Located in a vibrant area, this ZIP code offers a mix of residential appeal and economic potential. With a population of over 31,000 and a diverse community, ZIP 30240 provides a snapshot of opportunity for homebuyers, real estate investors, small-business owners, and analysts. This article breaks down the latest 2023 data to help you make informed decisions about living, investing, or operating in this region.

Population & Households

ZIP 30240 is home to a population of 31,670 residents, making it a moderately sized community with a strong local presence. These individuals are distributed across 11,578 households, reflecting a blend of family units, singles, and retirees. The total number of housing units stands at 12,782, indicating a slight surplus of available homes compared to occupied households. This balance suggests potential opportunities for buyers or renters looking to settle in the area, as well as for investors eyeing vacant properties.

Income & Housing Costs

The median household income in ZIP 30240 is $59,521, positioning it as a community with moderate earning power. This income level supports a stable local economy, making it attractive for small businesses catering to residents’ needs. On the housing front, the median home value is $221,800, which offers a reasonable entry point for homebuyers compared to many urban markets. For renters, the median rent is $1,035 per month, providing an affordable alternative to homeownership. These figures highlight ZIP 30240 as a balanced market for both purchasing and leasing properties.

Race & Ethnicity

The demographic makeup of ZIP 30240 reflects a diverse and inclusive community. The racial composition includes 58.85% White, 31.32% Black, 2.18% Asian, and 5.11% Hispanic residents. This diversity fosters a culturally rich environment, which can be a draw for families seeking a welcoming place to live and for businesses aiming to serve a varied customer base. Understanding this mix is crucial for tailoring real estate strategies or marketing efforts to resonate with the local population.

Key Facts

• Total population: 31,670 residents, offering a sizable community for engagement.
• Total households: 11,578, indicating a strong base of local families and individuals.
• Total housing units: 12,782, with some availability for new occupants or investors.
• Median household income: $59,521, supporting a stable economic environment.
• Median home value: $221,800, an accessible price point for many buyers.
• Median rent: $1,035, providing affordable rental options.
• Diverse population: 58.85% White, 31.32% Black, 2.18% Asian, and 5.11% Hispanic.

What This Means for You

For homebuyers, ZIP 30240 presents a promising opportunity with median home values at $221,800 and rents at $1,035. These figures suggest affordability relative to larger metro areas, while the surplus of housing units (12,782 total) means you may have options to choose from. The diverse community also ensures a welcoming environment for families of varied backgrounds.

For real estate investors and agents, the slight gap between total housing units and occupied households hints at potential for rental properties or flips. With a median income of $59,521, residents have the purchasing power to support steady demand, making this ZIP code a solid bet for long-term investments.

For small-business owners, the population of 31,670 and diverse demographic profile offer a robust customer base. The moderate income levels suggest a market for value-driven products and services, while the cultural mix allows for targeted offerings that cater to different ethnic groups.

For analysts, these metrics provide a clear picture of ZIP 30240’s socioeconomic landscape. The data can inform broader market studies or pinpoint specific growth areas, whether in housing demand or consumer spending patterns.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 30240? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date stats on population, income, housing, and more, tailored to your needs.
• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business venture.