ZIP 35640 - 860Z200US35640 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 35640, understanding the area’s demographic and housing landscape is essential. Located in a region with a stable population and diverse economic indicators, this ZIP code offers a mix of opportunities for homebuyers, real estate investors, small-business owners, and analysts. Drawing from the latest 2023 data, this snapshot provides a clear picture of population trends, income levels, housing costs, and racial composition to help you make informed decisions.

Population & Households

ZIP 35640 is home to a population of 26,976 residents, making it a moderately sized community with a solid base for local businesses and housing demand. These residents are distributed across 10,218 households, reflecting a community with a mix of family and individual living arrangements. With 11,023 total housing units in the area, there’s a slight surplus of homes compared to households, which could indicate availability for new buyers or renters looking to settle in this area.

Income & Housing Costs

The median household income in ZIP 35640 stands at $69,686, suggesting a community with a reasonable earning capacity that supports a stable local economy. For those eyeing homeownership, the median house value is $196,600, which positions this area as relatively affordable compared to many urban markets. Renters, on the other hand, face a median rent of $767 per month, offering a cost-effective alternative for those not ready to buy. These figures provide a balanced view of affordability and investment potential in the housing market.

Race & Ethnicity

The demographic makeup of ZIP 35640 is predominantly White, with 88.9% of the population identifying as such. Black residents account for 5.45% of the population, while Hispanic individuals make up 2.24%. Asian residents represent a smaller share at 0.14%. This composition reflects a largely homogeneous community with some diversity, which may influence cultural dynamics, local business offerings, and community engagement opportunities for newcomers or entrepreneurs.

Key Facts

• Total population: 26,976 residents, indicating a mid-sized community.
• Total households: 10,218, showing a strong base of local families and individuals.
• Total housing units: 11,023, suggesting potential availability for new residents or investors.
• Median household income: $69,686, reflecting a stable economic foundation.
• Median house value: $196,600, offering affordability for prospective buyers.
• Median rent: $767, providing a budget-friendly option for renters.
• Racial composition: 88.9% White, 5.45% Black, 2.24% Hispanic, 0.14% Asian.

What This Means for You

For homebuyers, ZIP 35640 presents an attractive opportunity with a median home value of $196,600, which is accessible for many budgets, especially when paired with a median household income of $69,686. The slight surplus of housing units (11,023 vs. 10,218 households) could mean less competition when searching for a property. Investors and real estate agents might find value in the area’s affordability and potential for rental income, given the reasonable median rent of $767 and a stable population base of nearly 27,000. The data suggests room for growth in housing demand, especially if population trends upward.

For small-business owners, the population size and income levels indicate a community with purchasing power to support local goods and services. The demographic composition, while predominantly White, still offers a small but notable diverse customer base to cater to. Finally, analysts can use these metrics to benchmark ZIP 35640 against neighboring areas, identifying trends in housing affordability or demographic shifts that could impact future market conditions.

Run This Study Yourself

• Curious about diving deeper into ZIP 35640 or comparing it with another area? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Input any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your needs.
• Use the insights to inform your next move, investment, or business strategy with confidence and precision.