ZIP 32904 - 860Z200US32904 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 32904, located in the Melbourne 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. Whether you’re eyeing a family home, a rental property, or a commercial space, understanding ZIP 32904’s profile is the first step to success.

Population & Households

ZIP 32904 is home to a population of 36,885 residents, making it a moderately sized community with a suburban feel. These individuals are distributed across 13,863 households, reflecting a mix of family units, singles, and retirees. The area supports a total of 15,117 housing units, indicating some availability of vacant or seasonal properties. This balance suggests a stable residential base with potential opportunities for growth or investment, especially for those looking to settle or expand in a well-established area.

Income & Housing Costs

Financially, ZIP 32904 stands out with a median household income of $86,943, which is above the national average and signals a relatively affluent community. This income level supports a robust housing market, where the median house value is $334,400—a figure that reflects both desirability and appreciation potential. For renters, the median rent is $1,763 per month, which aligns with the area’s higher cost of living but also indicates strong demand for rental properties. These numbers suggest that both buying and renting in ZIP 32904 require a solid financial plan, but they also point to a market with staying power for investors and businesses catering to mid-to-upper-income households.

Race & Ethnicity

The demographic makeup of ZIP 32904 offers insight into its cultural fabric. The population is predominantly White at 71.53%, with Hispanic or Latino residents making up 13.54%—a notable presence that adds diversity to the community. Asian residents account for 5.13%, and Black or African American residents comprise 3.59%. This mix indicates a primarily White area with growing multicultural influences, which can be a draw for families and businesses seeking an inclusive yet cohesive environment. Understanding this composition can help tailor real estate offerings or business services to meet varied community needs.

Key Facts

• Total population in ZIP 32904: 36,885 residents, offering a sizable market for businesses and services.
• Total households: 13,863, reflecting a strong base of potential customers or tenants.
• Total housing units: 15,117, with some vacancy suggesting room for new occupants or investments.
• Median household income: $86,943, indicating above-average purchasing power in the area.
• Median house value: $334,400, a competitive price point for a desirable suburban market.
• Median rent: $1,763, pointing to a lucrative rental market for property investors.
• Racial composition: 71.53% White, 13.54% Hispanic, 5.13% Asian, 3.59% Black, showcasing moderate diversity.

What This Means for You

For homebuyers, ZIP 32904 offers a stable, affluent community with median home values at $334,400, ideal for those seeking long-term value in a suburban setting. The higher median income of $86,943 suggests neighbors with financial stability, often correlating with well-maintained properties and good schools. Investors and real estate agents will find opportunity in the rental market, where median rents of $1,763 reflect strong demand—perfect for buy-to-let strategies or flipping properties. Small-business owners can tap into a population of 36,885 with solid disposable income, especially for services or retail catering to families and diverse cultural needs. Analysts can use these metrics to benchmark ZIP 32904 against nearby areas, identifying trends in housing or demographic shifts. Whatever your goal, this data equips you to act with confidence.

Run This Study Yourself

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