ZIP 37160 - 860Z200US37160 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 37160, located in Shelbyville, Tennessee, this demographic and housing snapshot offers a clear picture of the area based on 2023 data. With a population of over 36,000 and a diverse community, this ZIP code presents a blend of affordability and growth potential. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about living, working, or investing in 37160.

Population & Households

ZIP 37160 is home to 36,422 residents, making it a moderately sized community with a mix of urban and suburban characteristics. The area supports 13,415 households, reflecting a strong residential base. With 14,130 total housing units, there’s a slight surplus of homes compared to occupied households, which could indicate availability for new residents or investors looking for rental opportunities. This balance suggests a stable housing market with room for growth.

Income & Housing Costs

The median household income in ZIP 37160 stands at $58,899, which aligns with a middle-income demographic. This income level supports a comfortable lifestyle for many families while remaining accessible for first-time homebuyers. Housing costs reflect this affordability: the median house value is $257,700, offering a reasonable entry point compared to national averages in many markets. For renters, the median rent is $924 per month, providing a cost-effective alternative to homeownership. These figures suggest that 37160 is a practical choice for those seeking value in housing without sacrificing quality of life.

Race & Ethnicity

The demographic makeup of ZIP 37160 is diverse, fostering a culturally rich environment. The racial composition includes 66.11% White, 8.45% Black, 0.6% Asian, and a significant 20.9% Hispanic population. This diversity can be a draw for families and businesses looking for an inclusive community with varied perspectives and cultural offerings. It also signals potential for businesses catering to diverse customer bases or niche markets within the area.

Key Facts

• Total population: 36,422 residents in 2023, indicating a sizable community.
• Total households: 13,415, supporting a strong residential foundation.
• Total housing units: 14,130, suggesting some availability for new occupants.
• Median household income: $58,899, reflecting a middle-income demographic.
• Median house value: $257,700, an accessible price point for many buyers.
• Median rent: $924, offering affordable rental options.
• Diverse population: 66.11% White, 20.9% Hispanic, 8.45% Black, and 0.6% Asian.

What This Means for You

For homebuyers, ZIP 37160 offers a compelling mix of affordability and community size. With a median home value of $257,700 and reasonable rental costs at $924, it’s a viable option for families or individuals looking to settle in a diverse, welcoming area. The slight surplus of housing units could mean less competition when searching for a home.

For investors and real estate agents, the data points to potential in both rental and purchase markets. The income levels and housing costs suggest a stable tenant base for rentals, while the home values indicate room for appreciation over time. The diversity of the population also opens doors for targeted property marketing.

For small-business owners, the population of over 36,000 and diverse demographic makeup provide a solid customer base. The median income of $58,899 suggests disposable income for goods and services, while cultural diversity could inspire unique business ideas or marketing strategies tailored to specific communities within 37160.

For analysts, these metrics offer a baseline for deeper research into growth trends, housing demand, or economic development potential in the region. The balance of population, income, and housing costs paints a picture of stability with opportunities for expansion.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 37160? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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