ZIP 37620 - 860Z200US37620 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 37620, located in the Bristol, Tennessee area, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of over 38,000 and a mix of housing options, this area presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Below, we break down the latest data on population, income, housing costs, and racial composition to help you make informed decisions.

Population & Households

ZIP 37620 is home to 38,330 residents, making it a moderately sized community with a stable population base. These individuals are distributed across 16,466 households, reflecting a diverse mix of family structures and living arrangements. With 18,119 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could indicate availability for new residents or investors looking to enter the market.

Income & Housing Costs

The median household income in ZIP 37620 stands at $54,908, positioning it as a middle-income area where affordability remains within reach for many. Housing costs align with this income level, with a median home value of $175,500—a price point that may appeal to first-time buyers or those seeking value in a growing market. For renters, the median monthly rent is $809, offering a more budget-friendly option compared to owning in the current market. These figures suggest a balanced housing landscape, catering to a range of financial situations.

Race & Ethnicity

The demographic makeup of ZIP 37620 is predominantly White, with 91.1% of the population identifying as such. Other racial and ethnic groups include Black residents at 1.99%, Asian residents at 0.33%, and Hispanic or Latino individuals at 3.22%. This composition reflects a relatively homogenous community, which may influence cultural dynamics, business offerings, and community services. Understanding this breakdown can help tailor strategies for businesses or community engagement efforts in the area.

Key Facts

• Total population: 38,330 residents in 2023, offering a sizable market for businesses and services.
• Total households: 16,466, indicating a strong base of potential customers or clients.
• Total housing units: 18,119, suggesting some availability for new occupants or investment properties.
• Median household income: $54,908, reflecting a middle-income community with moderate purchasing power.
• Median home value: $175,500, an accessible entry point for homebuyers in today’s market.
• Median rent: $809 per month, providing affordable options for renters.
• Racial composition: 91.1% White, 1.99% Black, 0.33% Asian, and 3.22% Hispanic, shaping the area’s cultural profile.

What This Means for You

For homebuyers, ZIP 37620 offers a compelling mix of affordability and availability. With median home values at $175,500 and a surplus of housing units, you may find opportunities to secure a property at a reasonable price, especially if you’re a first-time buyer or looking to relocate to a stable community. Renters can also benefit from the relatively low median rent of $809, making this area a practical choice for those not ready to buy.

For investors and real estate agents, the slight gap between total housing units (18,119) and occupied households (16,466) hints at potential for rental properties or fixer-uppers. The median income of $54,908 suggests tenants and buyers in this area have moderate financial capacity, so pricing strategies should reflect this reality to maximize returns.

For small-business owners, a population of 38,330 provides a solid customer base, while the demographic homogeneity (91.1% White) may guide product offerings or marketing approaches. The middle-income level means focusing on value-driven goods and services could resonate well with local consumers.

For analysts, these metrics offer a baseline to track trends in housing demand, income growth, or demographic shifts over time. The data points to a stable, affordable area that could see gradual appreciation or development in the coming years.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 37620? Start by visiting ZipcodeGPT for a user-friendly platform to access detailed demographic and housing data.
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• Use the insights to inform your next move, investment, or business strategy with confidence.