ZIP 33602 - 860Z200US33602 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 33602, located in the heart of Tampa, Florida, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of nearly 20,000 and a dynamic housing market, this ZIP code presents unique opportunities and challenges for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the latest data to help you make informed decisions about living, investing, or operating in 33602.

Population & Households

ZIP 33602 is home to 19,694 residents as of 2023, making it a moderately sized urban community. These individuals are distributed across 10,787 households, reflecting a mix of family and single-occupancy living arrangements. With 11,972 total housing units in the area, there’s a slight surplus of available homes compared to occupied households, which could indicate potential for growth or investment. This balance between population and housing stock is a critical factor for anyone evaluating residential or commercial prospects in this area.

Income & Housing Costs

The median household income in ZIP 33602 stands at $88,569, suggesting a relatively affluent community compared to national averages. This income level supports a robust housing market, with the median house value reaching $560,400. For renters, the median monthly rent is $2,119, reflecting the premium cost of living in this urban locale. These figures highlight 33602 as a higher-end market, which could appeal to investors seeking strong property appreciation or businesses targeting a wealthier customer base. However, affordability may be a concern for first-time buyers or lower-income households.

Race & Ethnicity

The demographic makeup of ZIP 33602 is diverse, offering a multicultural environment that can enrich community life and business opportunities. The racial composition includes 55.24% White, 13.08% Black, 4.35% Asian, and 22.17% Hispanic residents. This diversity suggests a vibrant cultural landscape, which could be a draw for families seeking inclusive neighborhoods or businesses aiming to serve varied customer needs. Understanding this mix is essential for tailoring real estate strategies or marketing campaigns to the local population.

Key Facts

• Total population in ZIP 33602: 19,694 residents in 2023.
• Total households: 10,787, indicating a mix of living arrangements.
• Total housing units: 11,972, with some vacancy or availability.
• Median household income: $88,569, reflecting a strong economic base.
• Median house value: $560,400, positioning this as a premium market.
• Median rent: $2,119 per month, indicative of high rental demand.
• Racial diversity: Majority White (55.24%), with significant Hispanic (22.17%) and Black (13.08%) populations.

What This Means for You

For homebuyers, ZIP 33602 offers a vibrant, diverse community with a strong economic foundation, but the high median house value of $560,400 and rent of $2,119 may require careful financial planning. First-time buyers might explore financing options or consider nearby areas if affordability is a concern, while those with higher budgets can capitalize on the area’s potential for value growth.

For investors and real estate agents, the slight surplus of housing units (11,972 vs. 10,787 households) suggests opportunities for rental properties or flips, especially given the high median income of residents. The premium pricing also indicates a market ripe for luxury or upscale developments, though competition may be stiff.

For small-business owners, the diverse population and solid income levels in 33602 create a promising customer base. Retail, dining, or service-based businesses could thrive by catering to the cultural mix and disposable income of residents, though high rent costs for commercial spaces should be factored into planning.

For analysts, the data points to a stable, growing urban area with economic strength and diversity. Tracking trends in housing occupancy or income growth could provide deeper insights into future market shifts.

Run This Study Yourself

• Want to dive deeper into ZIP 33602 or compare it with other areas? Start by visiting ZipcodeGPT for a user-friendly platform to access detailed demographic and housing data.
• Enter any ZIP code to generate a customized report with the latest metrics tailored to your needs as a buyer, investor, or business owner.
• Use the insights to inform your next big decision, whether it’s purchasing a home, investing in property, or launching a business in a new market.