ZIP 33406 - 860Z200US33406 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 33406, located in the West Palm Beach 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 you make informed decisions. Whether you’re a homebuyer, real estate investor, agent, small-business owner, or analyst, these insights provide a foundation for understanding the dynamics of ZIP 33406.

Population & Households

ZIP 33406 is home to a population of 26,662 residents, making it a moderately sized community with a mix of urban and suburban characteristics. These residents are distributed across 8,595 households, reflecting a diverse range of family structures and living arrangements. The total number of housing units in the area stands at 9,426, indicating a slight surplus of available properties compared to occupied households. This could suggest opportunities for buyers or investors looking for vacancies or rental potential in the area.

Income & Housing Costs

The median household income in ZIP 33406 is $79,696, which positions the area as a relatively stable economic environment for families and individuals. This income level supports a comfortable lifestyle in many parts of Florida, though housing costs are a significant factor to consider. The median home value here is $358,300, reflecting a competitive real estate market that may appeal to buyers seeking long-term value or investors eyeing appreciation. For renters, the median monthly rent is $1,677, which aligns with the area’s income levels but may require careful budgeting for some households.

Race & Ethnicity

ZIP 33406 stands out for its diverse population, offering a multicultural environment that can enrich community life and business opportunities. The racial and ethnic composition includes 53.56% Hispanic residents, making this the largest demographic group in the area. White residents account for 33.38% of the population, while Black residents make up 8.17%, and Asian residents represent 2.51%. This diversity can be a draw for businesses catering to varied cultural needs or for families seeking an inclusive community to call home.

Key Facts

• Total population: 26,662 residents in ZIP 33406 as of 2023.
• Total households: 8,595, with a range of family and individual living arrangements.
• Total housing units: 9,426, suggesting potential availability for new residents or investors.
• Median household income: $79,696, indicating a stable economic base.
• Median home value: $358,300, reflecting a competitive housing market.
• Median rent: $1,677 per month, a key consideration for renters.
• Diverse community: Over 53% Hispanic, with significant White, Black, and Asian populations.

What This Means for You

For homebuyers, ZIP 33406 offers a vibrant, diverse community with a median home value of $358,300, which could be a solid investment given the area’s economic stability and cultural richness. The slight surplus of housing units (9,426 total versus 8,595 households) might mean less competition for available properties, though prices remain competitive. Real estate investors and agents can leverage this data to identify rental opportunities, especially with a median rent of $1,677, which could attract tenants in a growing market like West Palm Beach.

Small-business owners will find value in the area’s diversity, with over half the population identifying as Hispanic, alongside other cultural groups. This mix creates a unique customer base for businesses offering tailored products or services. Additionally, the median household income of $79,696 suggests disposable income for local spending, a positive sign for retail or service-based ventures. Analysts can use these metrics to benchmark ZIP 33406 against nearby areas, identifying trends in housing demand or demographic shifts for deeper market studies.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 33406? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access up-to-date population, income, and housing insights tailored to your needs.
• Use the detailed reports to inform your next home purchase, investment decision, or business strategy with confidence.