ZIP 32824 - 860Z200US32824 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 32824, located in the Orlando area of Florida, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of over 55,000 and a diverse cultural makeup, this area presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. From household income to housing costs, we’ve compiled the latest data to help you make informed decisions about living or working in 32824.

Population & Households

ZIP 32824 is home to a vibrant community of 55,282 residents, making it a sizable and dynamic area. These individuals are distributed across 17,283 households, reflecting a mix of family sizes and living arrangements. The total number of housing units stands at 20,453, indicating some availability of vacant or seasonal properties. This balance of population and housing suggests a community with room for growth, appealing to those looking to settle or invest in a growing region near Orlando.

Income & Housing Costs

Financial stability is a key consideration for anyone eyeing ZIP 32824. The median household income here is $80,177, a figure that positions the area as a relatively comfortable place for families and individuals. Housing costs align with this income level, with a median home value of $354,200. For renters, the median monthly rent is $1,759, reflecting a competitive rental market. These numbers suggest that 32824 offers a balanced cost of living, making it attractive for homebuyers seeking value and investors looking for stable returns.

Race & Ethnicity

One of the standout features of ZIP 32824 is its diverse population. The racial and ethnic composition includes 62.12% Hispanic or Latino residents, making this the predominant demographic group. White residents account for 14.57%, Black or African American residents make up 13.09%, and Asian residents comprise 6.24%. This rich cultural diversity shapes the community’s identity, offering a welcoming environment for people from various backgrounds and creating unique opportunities for businesses catering to diverse needs.

Key Facts

• Total population in ZIP 32824: 55,282 residents.
• Total households: 17,283, supporting a range of family structures.
• Total housing units: 20,453, with potential for new occupants or investments.
• Median household income: $80,177, indicating solid earning potential.
• Median home value: $354,200, reflecting a competitive housing market.
• Median rent: $1,759 per month, relevant for renters and landlords.
• Dominant demographic: 62.12% Hispanic or Latino, highlighting cultural diversity.

What This Means for You

For homebuyers, ZIP 32824 offers a promising mix of affordability and community vibrancy. With a median home value of $354,200 and a median income of $80,177, purchasing a home here could be a sound financial decision, especially in a growing area near Orlando. The diversity of the population also means a culturally rich neighborhood to call home.

For investors and real estate agents, the numbers point to opportunity. With over 20,000 housing units and a population of 55,282, there’s potential for both rental and sales markets. The median rent of $1,759 suggests a steady demand for rental properties, while the home values indicate room for appreciation over time.

For small-business owners, the diverse demographic makeup—especially the significant Hispanic population—presents a chance to tailor products or services to specific cultural preferences. A median household income of $80,177 also suggests disposable income for local spending, making 32824 a viable spot for retail or service-based businesses.

For analysts, these metrics provide a foundation for deeper research into market trends, housing demand, and economic stability in ZIP 32824. The balance of households to housing units and the income-to-cost ratio are key indicators to watch.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 32824? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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