ZIP 31405 - 860Z200US31405 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 31405, located in the Savannah, Georgia area, this demographic and housing snapshot offers a clear picture of the community as of 2023. With a diverse population, a range of income levels, and a dynamic housing market, this area presents unique opportunities and considerations for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you make informed decisions about living, working, or investing in ZIP 31405.

Population & Households

ZIP 31405 is home to a population of 39,724 residents, making it a moderately sized community with a mix of urban and suburban characteristics. These residents are distributed across 15,191 households, reflecting a variety of family structures and living arrangements. The total number of housing units in the area stands at 16,809, indicating a slight surplus of available homes compared to occupied households. This gap could signal opportunities for buyers or investors looking for properties in a market with some flexibility.

Income & Housing Costs

The median household income in ZIP 31405 is $62,123, which suggests a stable economic base for many residents. This income level supports a housing market where the median house value is $304,800—a figure that positions the area as relatively accessible compared to higher-priced markets in other parts of Georgia or the U.S. For renters, the median rent is $1,431 per month, reflecting a significant cost for those not ready to buy. These numbers highlight a market where both homeownership and renting are viable, depending on individual financial goals and circumstances.

For investors and business owners, the income and housing cost data point to a community with disposable income for local goods and services, balanced against housing expenses that are notable but not prohibitive for many households.

Race & Ethnicity

The demographic makeup of ZIP 31405 is notably diverse, offering a rich cultural tapestry that can influence community dynamics, business opportunities, and social integration. The racial composition includes 47.18% Black or African American, 38.03% White, 2.56% Asian, and 7.75% Hispanic or Latino residents. This diversity can be a draw for those seeking an inclusive environment, whether for raising a family, building a customer base, or fostering community connections. Businesses, in particular, may find value in tailoring offerings to a wide range of cultural preferences and needs.

Key Facts

• Total population: 39,724 residents in ZIP 31405 as of 2023.
• Total households: 15,191, with a mix of family and individual living arrangements.
• Total housing units: 16,809, suggesting some availability for new occupants or investors.
• Median household income: $62,123, indicating a stable economic foundation.
• Median house value: $304,800, offering a moderate entry point for homebuyers.
• Median rent: $1,431 per month, a significant but manageable cost for renters.
• Diverse population: 47.18% Black, 38.03% White, 2.56% Asian, and 7.75% Hispanic.

What This Means for You

For homebuyers, ZIP 31405 offers a housing market with a median value of $304,800, which could be attractive if you’re looking for a balance between affordability and a vibrant community. The slight surplus of housing units (16,809 total versus 15,191 households) may give you some negotiating power or selection in finding the right property.

For real estate investors and agents, the data suggests potential in both buying and renting markets. With a median rent of $1,431, rental properties could yield steady returns, especially given the area’s population size and diversity. The gap between housing units and households also hints at opportunities for flipping or long-term holding strategies.

For small-business owners, the median household income of $62,123 indicates a customer base with reasonable spending power. The diverse demographic profile means you can appeal to a broad audience by offering culturally relevant products or services, from food to retail to professional offerings.

For analysts, these metrics provide a foundation for deeper research into economic trends, housing demand, and community needs in ZIP 31405. The balance of income, housing costs, and diversity offers a compelling case study for urban-suburban dynamics.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 31405? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing, and more—customized to your needs.
• Use the insights to inform your next move, whether you’re buying a home, investing, or planning a business venture.