ZIP 31602 - 860Z200US31602 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 31602, located in the Valdosta area of Georgia, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ll break down key metrics like population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into what makes ZIP 31602 unique and how it can align with your goals.

Population & Households

ZIP 31602 is home to a substantial population of 35,347 residents, making it a vibrant and active community. This area supports 13,666 households, reflecting a mix of families, singles, and professionals. The total number of housing units stands at 15,201, indicating a slight surplus of available homes compared to occupied households. This balance suggests potential opportunities for buyers or renters looking to settle in a well-populated yet not overly crowded area.

Income & Housing Costs

The median household income in ZIP 31602 is $55,980, which provides a solid economic foundation for many residents. This income level supports a comfortable lifestyle in relation to local housing costs. The median house value is $197,100, positioning ZIP 31602 as an accessible market for first-time homebuyers or investors seeking properties below the national average. For renters, the median rent is $1,046 per month, offering a reasonable alternative to homeownership in a market with moderate demand. These figures highlight ZIP 31602 as a balanced area for housing affordability and economic stability.

Race & Ethnicity

ZIP 31602 boasts a diverse community, with a racial composition that reflects a blend of backgrounds. White residents make up 45.27% of the population, closely followed by Black residents at 42.29%. Hispanic individuals account for 6.91%, while Asian residents represent 2.07%. This diversity creates a culturally rich environment, appealing to those who value inclusivity and varied perspectives. For businesses, this mix offers a broad customer base with unique needs and preferences.

Key Facts

• Total population: 35,347 residents, indicating a sizable and dynamic community.
• Total households: 13,666, showing a strong base of local families and individuals.
• Total housing units: 15,201, suggesting availability for new residents or investors.
• Median household income: $55,980, supporting a stable economic environment.
• Median house value: $197,100, an attractive price point for buyers and investors.
• Median rent: $1,046, offering affordable options for renters.
• Racial diversity: Near-equal split between White (45.27%) and Black (42.29%) residents, with Hispanic (6.91%) and Asian (2.07%) representation.

What This Means for You

For homebuyers, ZIP 31602 presents an affordable entry into homeownership with a median house value of $197,100. The slight surplus of housing units (15,201 total) compared to households (13,666) means you might have room to negotiate or find a property that fits your needs without intense competition. The diverse community also ensures a welcoming environment for families of varied backgrounds.

For real estate investors and agents, the combination of moderate home values and a sizable population of over 35,000 offers potential for rental properties or flips. The median rent of $1,046 suggests steady demand from renters, while the income level of $55,980 indicates residents can support consistent payments. This area could be a smart addition to your portfolio.

For small-business owners, the diverse demographic makeup and solid household income provide a promising customer base. Whether you’re opening a retail shop, service-based business, or restaurant, the cultural variety in ZIP 31602 allows you to cater to a wide range of tastes and needs, enhancing your market reach.

For analysts, these metrics offer a foundation for deeper research into housing trends, economic stability, and community growth. The balance of population density and housing availability could signal future development opportunities or shifts in demand.

Run This Study Yourself

• Curious about other areas or want updated data for ZIP 31602? Start by visiting ZipcodeGPT to access powerful demographic and housing insights tailored to your needs.
• Enter any ZIP code to generate a detailed report, including population, income, and housing metrics, in just a few clicks.
• Use the insights to make data-driven decisions for your next home purchase, investment, or business venture.