ZIP 32905 - 860Z200US32905 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 32905 in Florida for your next home purchase, real estate investment, or small business venture, understanding the local demographics and housing landscape is essential. Located in the Palm Bay area, this ZIP code offers a diverse community and a range of housing opportunities. With data from 2023, this snapshot provides a clear picture of population trends, income levels, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, investor, agent, or analyst, these insights will guide your next steps in ZIP 32905.

Population & Households

As of 2023, ZIP 32905 is home to a population of 24,473 residents. This sizable community is distributed across 10,655 households, reflecting a mix of family sizes and living arrangements. The total number of housing units in the area stands at 12,635, indicating a blend of occupied and vacant properties. For homebuyers or investors, this suggests a market with potential availability, while small-business owners can tap into a substantial local customer base. Understanding these numbers helps gauge the community’s scale and the demand for goods, services, and housing in ZIP 32905.

Income & Housing Costs

The median household income in ZIP 32905 is $56,671, offering a glimpse into the economic profile of the area. This income level suggests a moderate earning capacity for many residents, which can influence purchasing power and local business viability. On the housing front, the median house value is $206,200, positioning ZIP 32905 as a relatively affordable option compared to higher-priced markets in Florida. For renters, the median rent is $1,361 per month, reflecting a significant but manageable cost for those not ready to buy. These figures are critical for homebuyers assessing affordability and for investors evaluating potential returns in this ZIP code.

Race & Ethnicity

The racial and ethnic composition of ZIP 32905 highlights a diverse community, which can be a draw for those seeking an inclusive environment. The population is 61.08% White, 15.89% Black, 1.5% Asian, and 16.19% Hispanic. This diversity shapes the cultural fabric of the area, influencing everything from local businesses to community events. For small-business owners, this mix offers opportunities to cater to varied tastes and needs, while homebuyers may appreciate the vibrant, multifaceted neighborhood dynamics in ZIP 32905.

Key Facts

• Total population in ZIP 32905: 24,473 residents as of 2023.
• Total households: 10,655, indicating a strong residential base.
• Total housing units: 12,635, with a mix of occupied and available properties.
• Median household income: $56,671, reflecting moderate economic capacity.
• Median house value: $206,200, suggesting affordability for buyers.
• Median rent: $1,361 per month, a key consideration for renters.
• Racial diversity: 61.08% White, 15.89% Black, 1.5% Asian, 16.19% Hispanic.

What This Means for You

For homebuyers, ZIP 32905 presents an opportunity to enter a market with a median house value of $206,200, which may be within reach for many budgets, especially compared to pricier Florida regions. The diversity and population size also mean a lively community with varied amenities. Investors and real estate agents can note the spread between total housing units (12,635) and households (10,655), suggesting potential for rental or flip properties. The median rent of $1,361 indicates a steady rental market for income-focused investments. Small-business owners can leverage the diverse population of 24,473 and moderate income levels to tailor offerings—think cultural foods, affordable services, or family-oriented products. Analysts can use these metrics to benchmark ZIP 32905 against neighboring areas for deeper market studies. Whatever your goal, these data points provide a foundation for smart planning.

Run This Study Yourself

• Curious about other ZIP codes or want updated data for ZIP 32905? Dive into detailed demographic and housing insights on your own.
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