ZIP 31406 - 860Z200US31406 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 31406, located in the Savannah, Georgia area, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ll break down population stats, household dynamics, income levels, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights provide a foundation for understanding the local landscape.

Population & Households

ZIP 31406 is home to a population of 34,649 residents, making it a moderately sized community with a mix of urban and suburban characteristics. This area supports 14,163 households, reflecting a diverse range of family structures and living arrangements. Additionally, there are 15,424 total housing units, indicating a slight surplus of available properties compared to occupied households. This could suggest opportunities for buyers or renters looking to settle in the area, as well as potential for investors eyeing vacant units.

Income & Housing Costs

The median household income in ZIP 31406 stands at $66,084, positioning it as a community with a solid middle-income base. This income level supports a comfortable lifestyle for many residents and indicates purchasing power for local businesses. On the housing front, the median home value is $260,800, which aligns with a market that’s accessible for many buyers while still offering room for appreciation. For renters, the median rent is $1,340 per month, reflecting a competitive rental market that balances affordability with demand. These figures provide a benchmark for assessing whether this area fits your financial goals as a buyer, investor, or business owner.

Race & Ethnicity

ZIP 31406 boasts a diverse population, with a racial and ethnic composition that enriches the community’s cultural fabric. White residents make up 47.17% of the population, followed by Black residents at 38.1%. Hispanic individuals account for 7.04%, and Asian residents comprise 3.66%. This diversity suggests a welcoming environment for people from various backgrounds, which can be a draw for families relocating, businesses targeting varied customer bases, or investors seeking inclusive markets.

Key Facts

• Total population: 34,649 residents in ZIP 31406.
• Total households: 14,163, supporting a range of family sizes and structures.
• Total housing units: 15,424, with some availability for new occupants.
• Median household income: $66,084, indicating a stable economic base.
• Median home value: $260,800, reflecting a balanced real estate market.
• Median rent: $1,340, competitive for the region.
• Diverse demographics: 47.17% White, 38.1% Black, 7.04% Hispanic, 3.66% Asian.

What This Means for You

For homebuyers, ZIP 31406 offers a promising mix of affordability and value with a median home price of $260,800. The slight surplus of housing units (15,424 total versus 14,163 households) may give you negotiating power, while the diverse community ensures a vibrant neighborhood to call home. Real estate investors and agents can capitalize on the potential for growth in home values and the availability of units for rental or resale, especially given the median rent of $1,340, which suggests steady demand. Small-business owners will find a market with solid household incomes ($66,084 median) and a culturally diverse customer base, ideal for tailoring products or services to varied needs. Analysts can use these metrics as a baseline for deeper studies into local trends, housing turnover, or economic stability. Across all groups, the data points to a balanced, opportunity-rich area worth exploring further.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 31406? Start by visiting ZipcodeGPT for a user-friendly platform to access detailed demographic and housing data.
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