ZIP 32506 - 860Z200US32506 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 32506, located in the Pensacola area of Florida, 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 32506 unique and how its characteristics can align with your goals.

Population & Households

ZIP 32506 is home to a population of 35,202 residents, making it a moderately sized community with a mix of urban and suburban vibes. This area supports 14,621 households, reflecting a strong base of families, singles, and retirees. With 16,625 total housing units, there’s a notable inventory of homes, though not all are occupied, suggesting potential opportunities for buyers or investors looking to enter the market. The balance of population and household numbers indicates a stable community with room for growth.

Income & Housing Costs

The median household income in ZIP 32506 stands at $59,978, which positions it as a middle-income area. This income level supports a comfortable lifestyle for many residents while remaining accessible for first-time homebuyers or small-business owners gauging customer spending power. On the housing front, the median home value is $200,500—a reasonable entry point compared to pricier coastal markets nearby. For renters, the median rent is $1,280 per month, reflecting a competitive rental market that could appeal to investors seeking steady cash flow. These figures highlight ZIP 32506 as a balanced market for both owning and renting.

Race & Ethnicity

ZIP 32506 boasts a diverse community, which adds cultural richness and broad appeal for businesses and residents alike. The racial composition breaks down as follows: 60.17% White, 18.06% Black, 5.72% Asian, and 5.8% Hispanic. This diversity can be a draw for small-business owners looking to cater to varied customer bases or for families seeking an inclusive environment. It also signals a community that values different perspectives, which can foster collaboration and growth in both personal and professional spheres.

Key Facts

• Total population: 35,202 residents, offering a sizable community for engagement.
• Total households: 14,621, indicating a strong residential base.
• Total housing units: 16,625, with some vacancy for potential buyers or investors.
• Median household income: $59,978, reflecting a middle-income demographic.
• Median home value: $200,500, an accessible price point for many buyers.
• Median rent: $1,280, suggesting a viable rental market for investors.
• Diverse population: 60.17% White, 18.06% Black, 5.72% Asian, 5.8% Hispanic.

What This Means for You

For homebuyers, ZIP 32506 offers affordability with a median home value of $200,500, making it a practical choice for first-time buyers or those relocating to the Pensacola area. The diversity and population size also ensure a vibrant community to call home. Real estate investors and agents will find opportunity in the gap between total housing units and occupied households, hinting at available properties to flip or rent, especially with a median rent of $1,280 supporting consistent returns. Small-business owners can leverage the diverse demographic and solid median income of $59,978 to target a wide customer base with disposable income for goods and services. Finally, analysts can use these metrics to benchmark ZIP 32506 against neighboring areas for deeper market studies. Whether you’re settling down, investing, or launching a venture, this ZIP code presents a balanced and promising landscape.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 32506? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access up-to-date population, housing, and income insights tailored to your needs.
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