ZIP 36117 - 860Z200US36117 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 36117, located in Montgomery, Alabama, this demographic and housing snapshot offers a clear picture of the area in 2023. With a sizable population, diverse community, and solid economic indicators, this ZIP code presents unique opportunities 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, working, or investing here.

Population & Households

ZIP 36117 is home to 52,608 residents, making it a vibrant and populous area within Montgomery. This population is spread across 21,806 households, reflecting a strong community base for local businesses and services. The total number of housing units stands at 24,181, indicating a mix of occupied and available properties that could appeal to prospective buyers or renters looking for options in a dynamic area.

Income & Housing Costs

The median household income in ZIP 36117 is $72,237, suggesting a relatively stable economic environment for residents. This income level supports a comfortable lifestyle for many families and individuals, while also indicating purchasing power for local businesses. On the housing front, the median home value is $225,900, which positions this area as an accessible entry point for homebuyers compared to higher-priced markets. For renters, the median rent is $1,209 per month, reflecting a competitive rental market that could attract tenants or investors seeking steady returns.

Race & Ethnicity

ZIP 36117 boasts a diverse population, which adds to the cultural richness of the area. The racial composition includes 52.56% Black, 34.18% White, 7.85% Asian, and 2.78% Hispanic residents. This diversity can be a significant draw for businesses aiming to serve a broad customer base, as well as for families seeking an inclusive community to call home. Understanding this mix is also valuable for investors and analysts assessing market needs and cultural dynamics.

Key Facts

• Total population: 52,608 residents, offering a substantial market for businesses and services.
• Total households: 21,806, indicating a strong residential base.
• Total housing units: 24,181, with potential availability for buyers or renters.
• Median household income: $72,237, reflecting economic stability.
• Median home value: $225,900, an accessible price point for many buyers.
• Median rent: $1,209, competitive for the rental market.
• Diverse demographics: Predominantly Black (52.56%), with significant White (34.18%) and Asian (7.85%) populations.

What This Means for You

For homebuyers, ZIP 36117 offers a promising mix of affordability and community. With a median home value of $225,900, you can find properties that fit a range of budgets, while the diverse population ensures a welcoming environment. The median household income of $72,237 also suggests neighbors with stable finances, which can contribute to a strong sense of community.

For real estate investors and agents, the numbers point to opportunity. With over 24,000 housing units and a median rent of $1,209, there’s potential for rental income in a market with consistent demand. The population size and diversity also mean a wide pool of potential tenants or buyers to target.

For small-business owners, the 52,608 residents and $72,237 median income signal a customer base with disposable income. The area’s diversity allows for tailored products or services that cater to varied cultural preferences, while the household count of 21,806 ensures a steady flow of potential clients.

For analysts, these metrics provide a foundation for deeper market studies. The balance of income, housing costs, and demographic diversity in ZIP 36117 can inform forecasts about growth, housing demand, or economic trends in the Montgomery area.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 36117? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access up-to-date population, income, and housing insights tailored to your needs.
• Use the detailed reports to make data-driven decisions for your next home purchase, investment, or business venture.