ZIP 34116 - 860Z200US34116 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 34116, located in the Naples area of Florida, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ve compiled key metrics on population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into the numbers for ZIP 34116 and uncover what makes this area unique.

Population & Households

ZIP 34116 is home to a vibrant community of 34,872 residents. This population is spread across 10,345 households, indicating an average household size of about 3.4 people. The area also has a total of 11,081 housing units, suggesting a small buffer of unoccupied or seasonal properties. For families and individuals looking to settle here, this points to a moderately dense community with a mix of established residents and potential for growth.

Income & Housing Costs

The median household income in ZIP 34116 stands at $69,204, reflecting a solid economic base for many residents. This income level can support a comfortable lifestyle in the area, though housing costs are a significant factor to consider. The median home value is $392,700, which positions this ZIP code as a competitive market for buyers and investors seeking properties in the Naples region. For renters, the median rent is $1,663 per month, indicating a notable cost for those not ready to buy. These figures suggest that while affordability varies, there are opportunities for both homeownership and rental investments.

Race & Ethnicity

ZIP 34116 boasts a diverse population, with a racial and ethnic composition that reflects a rich cultural tapestry. The largest group identifies as Hispanic, making up 60.37% of the population. White residents account for 24.13%, while Black residents comprise 12.96%. Asian residents represent a smaller share at 0.93%. This diversity can be a draw for those seeking a multicultural environment, whether for personal, social, or business reasons, as it fosters a variety of perspectives and community dynamics.

Key Facts

• Total population: 34,872 residents in 2023.
• Total households: 10,345, with an average size of approximately 3.4 people.
• Total housing units: 11,081, indicating some availability beyond occupied homes.
• Median household income: $69,204, supporting a stable economic foundation.
• Median home value: $392,700, reflecting a competitive real estate market.
• Median rent: $1,663 per month, a significant cost for renters.
• Racial composition: 60.37% Hispanic, 24.13% White, 12.96% Black, 0.93% Asian.

What This Means for You

For homebuyers, ZIP 34116 offers a diverse community with a median home value of $392,700, which may appeal to those looking for a long-term investment in a growing area like Naples. The household income of $69,204 suggests neighbors with stable finances, potentially contributing to a strong local economy. However, weigh the costs carefully if you’re on a tight budget, as rents averaging $1,663 could strain finances if buying isn’t an option yet.

For real estate investors and agents, the slight surplus of housing units (11,081 total vs. 10,345 households) hints at opportunities for rentals or seasonal properties, especially given the area’s appeal to diverse demographics. The high Hispanic population (60.37%) could guide targeted marketing strategies to resonate with cultural preferences.

For small-business owners, the population of 34,872 and diverse cultural makeup provide a broad customer base. A median income of $69,204 means many residents have disposable income for goods and services, while the community’s diversity could inspire businesses catering to varied tastes, from food to retail.

For analysts, these metrics offer a baseline to track trends in housing demand, income growth, or demographic shifts in ZIP 34116, especially compared to nearby ZIP codes in the Naples region.

Run This Study Yourself

• Curious about other areas or want updated data for ZIP 34116? Start by visiting ZipcodeGPT to access powerful demographic and housing insights tailored to your needs.
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