ZIP 32927 - 860Z200US32927 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 32927, located in Brevard County, Florida, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 28,000 and a mix of homeowners and renters, this ZIP code presents unique opportunities and challenges for homebuyers, real estate investors, small-business owners, and analysts. Let’s dive into the data to help you make informed decisions about living, investing, or operating in this community.

Population & Households

ZIP 32927 is home to 28,493 residents, making it a moderately sized community with a suburban feel. These individuals are spread across 10,613 households, reflecting a diverse mix of family structures and living arrangements. The total number of housing units stands at 11,843, indicating some vacancy or seasonal properties in the area. For those looking to settle or invest, this population size suggests a stable community with enough density to support local businesses and amenities, yet not so large as to feel overcrowded.

Income & Housing Costs

The median household income in ZIP 32927 is $81,969, which points to a relatively comfortable earning level for many residents. This income supports a median home value of $261,800, a figure that positions the area as accessible for middle-income buyers while offering potential appreciation for investors. For renters, the median rent is $1,344 per month, which aligns with the income levels but may require careful budgeting for some households. These financial metrics suggest a balanced market where affordability and growth potential coexist, appealing to a range of stakeholders.

Race & Ethnicity

The demographic makeup of ZIP 32927 is predominantly White, with 82.07% of the population identifying as such. Black or African American residents account for 5.03%, while Hispanic or Latino individuals make up 5.31% of the population. Asian residents represent a smaller share at 0.73%. This composition reflects a community with a strong majority demographic but enough diversity to foster a varied cultural landscape. For businesses and investors, understanding this mix can help tailor services or marketing strategies to the local population.

Key Facts

• Total population: 28,493 residents, offering a suburban community scale.
• Total households: 10,613, indicating a solid base of local families and individuals.
• Total housing units: 11,843, with some potential for vacancy or seasonal use.
• Median household income: $81,969, supporting a middle-income lifestyle.
• Median home value: $261,800, suggesting affordability with growth potential.
• Median rent: $1,344, reflecting reasonable costs for renters.
• Racial composition: 82.07% White, 5.03% Black, 5.31% Hispanic, 0.73% Asian.

What This Means for You

For homebuyers, ZIP 32927 offers a promising market with a median home value of $261,800, which is within reach for many middle-income families. The community size and income levels suggest a stable environment for raising a family or settling long-term. Real estate investors and agents will find value in the balance of home prices and rental rates, with a median rent of $1,344 indicating demand for rental properties alongside potential for property value growth. The slight surplus of housing units over households (11,843 vs. 10,613) could point to opportunities for flipping or seasonal rentals.

For small-business owners, the population of 28,493 and median income of $81,969 signal a customer base with disposable income to support local goods and services. The demographic diversity, though modest, allows for niche offerings that cater to specific cultural or community needs. Analysts can use these metrics to benchmark ZIP 32927 against neighboring areas, identifying trends in housing affordability or population shifts that could impact future planning or investment decisions.

Run This Study Yourself

• Curious about diving deeper into ZIP 32927 or comparing it with another area? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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