ZIP 31419 - 860Z200US31419 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 31419, located in the Savannah, Georgia area, this demographic and housing snapshot offers a clear picture of the community in 2023. With a sizable population, diverse racial composition, and a range of housing metrics, this area presents unique opportunities and considerations for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key data to help you make informed decisions about living or working in ZIP 31419.

Population & Households

ZIP 31419 is home to a population of 57,354 residents as of 2023, making it a vibrant and moderately sized community. These individuals are distributed across 22,492 households, reflecting a mix of family structures and living arrangements. With 24,862 total housing units in the area, there’s a notable supply of homes, though not all are occupied. This balance between population and housing suggests a community with room for growth or potential rental opportunities, depending on your goals.

Income & Housing Costs

The median household income in ZIP 31419 stands at $70,734, indicating a solid economic base for many residents. This income level supports a housing market where the median home value is $239,600—a figure that positions the area as relatively accessible compared to higher-cost regions. For renters, the median monthly rent is $1,344, which aligns with the income levels but may require careful budgeting for some households. These financial metrics are critical for assessing affordability, whether you’re buying a home, investing in property, or planning a business that relies on local spending power.

Race & Ethnicity

ZIP 31419 boasts a diverse population, with a racial and ethnic composition that reflects a blend of backgrounds. White residents make up 40.11% of the population, closely followed by Black residents at 37.88%. Hispanic individuals account for 12.02%, while Asian residents represent 4.9%. This diversity can enrich community life, offering cultural variety and a range of perspectives. For businesses, this mix suggests a broad customer base with varied needs and preferences, while homebuyers may appreciate the inclusive atmosphere.

Key Facts

• Total population: 57,354 residents in 2023, indicating a substantial community.
• Total households: 22,492, showing a mix of family and individual living arrangements.
• Total housing units: 24,862, with some unoccupied units potentially available for purchase or rent.
• Median household income: $70,734, reflecting a stable economic foundation.
• Median home value: $239,600, offering a moderate entry point for buyers.
• Median rent: $1,344 per month, a key consideration for renters and investors.
• Racial diversity: White (40.11%), Black (37.88%), Hispanic (12.02%), Asian (4.9%).

What This Means for You

For homebuyers, ZIP 31419 offers a reasonably priced housing market with a median value of $239,600, which could be attractive if you’re seeking affordability in a growing area. The diversity and population size suggest a lively community with amenities and social opportunities. However, consider the median rent of $1,344 if you’re weighing renting versus buying—long-term ownership might be more cost-effective.

For real estate investors and agents, the gap between total housing units (24,862) and occupied households (22,492) hints at potential vacancies or investment properties. The median income of $70,734 supports a tenant base that can afford moderate rents, making rental properties a viable option. Keep an eye on local demand to maximize returns.

For small-business owners, the diverse population of 57,354 and solid median income provide a promising customer pool. Tailoring products or services to a multicultural audience could be a smart strategy, while the income levels suggest disposable income for non-essential spending. Location near residential areas could drive foot traffic.

For analysts, these metrics offer a baseline for deeper research into trends like housing occupancy rates or income growth. The balanced racial composition may also inform studies on community dynamics or market segmentation.

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