ZIP 32583 - 860Z200US32583 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 32583, located in the Milton area of Florida, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of over 31,000 and a mix of housing options, this area presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you understand what makes ZIP 32583 stand out and how it can align with your goals.

Population & Households

ZIP 32583 is home to a population of 31,415 residents, making it a moderately sized community with a suburban feel. These individuals are distributed across 10,559 households, reflecting a strong residential base. The total number of housing units stands at 11,169, indicating some availability of vacant or seasonal properties. This balance of population and housing suggests a stable community with room for growth, which could be appealing if you’re looking to settle down or invest in an area with a solid foundation.

Income & Housing Costs

Financially, ZIP 32583 offers a promising outlook with a median household income of $84,957. This figure points to a community with above-average earning potential, which can support local businesses and indicate a capacity for homeownership. On the housing front, the median home value is $229,700, positioning this area as relatively affordable compared to many urban markets in Florida. For renters, the median rent is $1,307 per month, reflecting a reasonable cost for those not yet ready to buy. These numbers suggest a market that balances affordability with opportunity, whether you’re purchasing a home or evaluating rental investments.

Race & Ethnicity

The demographic makeup of ZIP 32583 is predominantly White, with 74.32% of the population identifying as such. Black residents make up 11.13%, while Hispanic or Latino individuals account for 6.25% of the population. Asian residents represent a smaller share at 1.35%. This diversity, while not as pronounced as in larger urban centers, contributes to a varied community fabric that can appeal to a range of cultural preferences and business opportunities. Understanding this mix can help tailor your approach, whether you’re opening a shop or seeking a neighborhood that aligns with your values.

Key Facts

• Total population: 31,415 residents, offering a suburban community scale.
• Total households: 10,559, indicating a strong residential presence.
• Total housing units: 11,169, with some potential for vacant or seasonal properties.
• Median household income: $84,957, reflecting solid earning potential.
• Median home value: $229,700, suggesting an accessible housing market.
• Median rent: $1,307, providing a reasonable option for renters.
• Racial composition: 74.32% White, 11.13% Black, 6.25% Hispanic, 1.35% Asian.

What This Means for You

For homebuyers, ZIP 32583 presents an attractive opportunity with a median home value of $229,700, which is within reach for many families, especially given the median household income of $84,957. The availability of over 11,000 housing units also means you’re likely to find options that suit your needs. Investors and real estate agents will note the balance of occupied and total housing units, suggesting potential for rental properties or flips in a growing area. The rental market, with a median rent of $1,307, could also yield steady returns. Small-business owners can leverage the community’s size and income levels to target a stable customer base, while the diverse demographic mix offers a chance to cater to varied needs. Analysts can use these metrics as a baseline to track trends or compare ZIP 32583 to neighboring areas for deeper insights.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 32583? 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 metrics tailored to your interests.
• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business venture.