ZIP 35242 - 860Z200US35242 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP code 35242, located in the Birmingham-Hoover metropolitan area of Alabama, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ll break down population stats, household dynamics, income levels, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights into ZIP 35242 provide a foundation for understanding the area’s potential.

Population & Households

ZIP 35242 is home to a substantial population of 56,956 residents as of 2023. This sizable community is spread across 23,721 households, indicating a vibrant and active area with a strong residential base. The total number of housing units stands at 25,247, suggesting a slight surplus of available properties relative to occupied households. This could point to opportunities for buyers or investors looking for options in a well-populated region with room for growth.

Income & Housing Costs

One of the standout metrics for ZIP 35242 is its median household income, which sits at an impressive $116,053. This figure reflects a financially stable community, likely attractive to businesses seeking a customer base with disposable income. On the housing front, the median home value is $452,300, positioning this area as a higher-end market within Alabama. For renters, the median rent is $1,430 per month, which aligns with the upscale nature of the housing stock. These numbers suggest that ZIP 35242 is a place where quality of life and property values go hand in hand, though affordability may be a consideration for some buyers or tenants.

Race & Ethnicity

The demographic makeup of ZIP 35242 offers insight into the community’s diversity. The population is predominantly White at 78.12%, followed by Black residents at 10.42%. Asian individuals make up 4.03% of the population, while Hispanic or Latino residents account for 3.61%. This composition indicates a primarily White area with notable representation from other racial and ethnic groups, creating a moderately diverse environment. For businesses and investors, this mix can inform marketing strategies or community engagement efforts tailored to the local population.

Key Facts

• Total population in ZIP 35242: 56,956 residents as of 2023.
• Total households: 23,721, supporting a strong community base.
• Total housing units: 25,247, with some potential availability for new occupants.
• Median household income: $116,053, indicating significant purchasing power.
• Median home value: $452,300, reflecting a premium real estate market.
• Median rent: $1,430, consistent with the area’s higher-end housing profile.
• Racial composition: 78.12% White, 10.42% Black, 4.03% Asian, 3.61% Hispanic.

What This Means for You

For homebuyers, ZIP 35242 offers a prosperous community with a median home value of $452,300, which suggests long-term value retention but requires a significant investment. The median rent of $1,430 also indicates that renting could be a viable option for those not ready to buy in this upscale market. Real estate investors and agents will find a stable market with a slight surplus of housing units (25,247 total units versus 23,721 households), potentially offering opportunities for rentals or flips, especially given the high median income of $116,053 among residents. Small-business owners can capitalize on this affluent demographic, targeting products or services that appeal to a wealthier customer base in a community of over 56,000 people. Analysts can use these metrics to benchmark ZIP 35242 against other regions, noting its strong economic indicators and moderate diversity as key drivers of local dynamics.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 35242? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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• Use the insights to inform your next home purchase, investment decision, or business strategy with confidence.