ZIP 32962 - 860Z200US32962 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 32962, located in Florida’s Indian River County, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 25,000 and a mix of housing options, this ZIP code presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you understand the community, its economic landscape, and its potential.

Population & Households

ZIP 32962 is home to 25,629 residents, making it a moderately sized community with a diverse range of households. There are 10,076 households in the area, reflecting a strong residential base. This population size suggests a stable community with enough density to support local businesses while maintaining a more suburban or small-town feel. For families or individuals looking to settle down, this balance can offer both community engagement and personal space.

Income & Housing Costs

The median household income in ZIP 32962 stands at $65,137, indicating a solid economic foundation for many residents. This income level supports a comfortable lifestyle for many, though it’s worth noting for investors and business owners that discretionary spending may vary across households. Housing costs align with this income profile, with a median house value of $247,700. This price point can be attractive to first-time homebuyers or those seeking affordable options in Florida’s competitive real estate market.

For renters, the median rent is $1,184 per month, which is reasonable compared to larger urban centers in the state. This rental rate could appeal to investors looking for steady demand in the rental market, as well as to small-business owners who may need affordable housing for employees. Overall, the housing and income metrics suggest a balanced market with opportunities for both buyers and renters.

Race & Ethnicity

The demographic makeup of ZIP 32962 reflects a predominantly white population at 70.2%, with significant representation from other groups, including Black residents at 12.95%, Hispanic or Latino residents at 11.97%, and Asian residents at 0.98%. This diversity can enrich the cultural fabric of the area, offering a blend of perspectives and traditions. For businesses, this mix may translate into varied customer needs and preferences, while homebuyers might appreciate the inclusive community vibe.

Key Facts

• Total population: 25,629 residents in 2023.
• Total households: 10,076, supporting a strong residential base.
• Total housing units: 12,705, indicating availability and potential for growth.
• Median household income: $65,137, reflecting a stable economic environment.
• Median house value: $247,700, an accessible entry point for many buyers.
• Median rent: $1,184, offering affordable options for tenants.
• Racial composition: 70.2% White, 12.95% Black, 11.97% Hispanic, 0.98% Asian.

What This Means for You

For homebuyers, ZIP 32962 offers a promising mix of affordability and community size. With a median home value of $247,700, you can find properties that fit a range of budgets, while the population of over 25,000 ensures access to local amenities and social connections. Consider exploring neighborhoods to find the right fit for your family or lifestyle.

For investors and real estate agents, the area’s 12,705 housing units and reasonable median rent of $1,184 point to potential in both rental and sales markets. The steady household income suggests tenants and buyers with financial stability, reducing risk in your investments. Focus on properties that cater to the diverse demographic mix for maximum appeal.

For small-business owners, the population density and income levels indicate a viable customer base. With a diverse community, tailoring your products or services to meet varied cultural needs could set you apart. Additionally, the affordable rent levels mean you can likely secure commercial space or housing for staff without breaking the bank.

For analysts, these metrics provide a foundation for deeper research into market trends, housing demand, and economic growth in ZIP 32962. The balance of income, housing costs, and diversity offers a snapshot of a stable yet dynamic area worth monitoring.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 32962? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing, and more, tailored to your needs.
• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business venture.