ZIP 33705 - 860Z200US33705 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 33705, located in the St. Petersburg area of Florida, this demographic and housing snapshot offers a clear picture of the community in 2023. With a diverse population, varied income levels, and a dynamic housing market, this area presents unique opportunities and considerations for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you make informed decisions about living or working in this vibrant ZIP code.

Population & Households

ZIP 33705 is home to a population of 27,024 residents, making it a moderately sized community with a mix of urban and suburban characteristics. These residents are distributed across 11,500 households, reflecting a range of family structures and living arrangements. With 15,171 total housing units in the area, there’s a notable difference between occupied and available properties, which could signal opportunities for buyers or investors looking to enter the market. Understanding the balance of population and household density can help you gauge the community’s scale and potential demand for services or housing.

Income & Housing Costs

The median household income in ZIP 33705 stands at $70,783, indicating a solid economic base for many residents. This income level suggests that a significant portion of the population has disposable income for local businesses or can afford housing in the mid-range market. Speaking of housing, the median house value here is $321,500, which positions the area as a competitive yet accessible market for homebuyers compared to some of the pricier neighboring regions in Florida. For renters, the median rent is $1,457 per month, reflecting a rental market that caters to a variety of income brackets. These figures provide a benchmark for assessing affordability and investment potential in this ZIP code.

Race & Ethnicity

The racial and ethnic composition of ZIP 33705 highlights a diverse community, which can be a draw for those seeking an inclusive environment. The population breaks down as follows: 40.55% White, 44.04% Black, 0.82% Asian, and 5.44% Hispanic. This near-balanced mix of White and Black residents, with smaller percentages of other groups, shapes the cultural fabric of the area. For businesses, this diversity can translate into a broad customer base with varied needs and preferences, while homebuyers might appreciate the multicultural atmosphere as a key community strength.

Key Facts

• Total population: 27,024 residents in ZIP 33705 as of 2023.
• Total households: 11,500, indicating a mix of family and individual living arrangements.
• Total housing units: 15,171, with a portion unoccupied and potentially available.
• Median household income: $70,783, supporting a stable economic environment.
• Median house value: $321,500, offering a mid-range housing market.
• Median rent: $1,457 per month, reflecting rental affordability for many.
• Diverse demographics: Roughly 44% Black and 41% White, with smaller Hispanic and Asian populations.

What This Means for You

For homebuyers, ZIP 33705 offers a housing market with a median value of $321,500, which could be an attractive entry point in the St. Petersburg area, especially given the diversity and community size. The availability of housing units beyond current households suggests room for growth or negotiation in purchases. Investors and real estate agents might find potential in the gap between total housing units and occupied households, pointing to possible rental or flip opportunities, especially with a median rent of $1,457 that aligns with local income levels. Small-business owners can benefit from a diverse customer base of over 27,000 residents and a median household income that supports spending on goods and services. Finally, analysts can use these metrics to track trends in housing demand, demographic shifts, or economic stability in this ZIP code, providing a foundation for deeper market studies.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 33705? 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 costs, 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 in the area.