ZIP 37716 - 860Z200US37716 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 37716, understanding the local demographics and housing landscape is essential. Located in a vibrant area, this ZIP code offers a mix of residential stability and economic potential. With a population of over 26,000 and a median household income of $61,250, ZIP 37716 presents a snapshot of a community with solid earning power and housing options. This article breaks down the latest 2023 data to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions.

Population & Households

ZIP 37716 is home to 26,361 residents, making it a moderately sized community with a strong residential base. These individuals are distributed across 10,511 households, reflecting a balanced mix of family and individual living arrangements. With 11,461 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 for opportunities. This population size supports a community large enough to sustain local businesses while maintaining a close-knit feel.

Income & Housing Costs

The median household income in ZIP 37716 stands at $61,250, suggesting a community with decent earning capacity. This income level can support a comfortable lifestyle and indicates potential spending power for local businesses. On the housing front, the median home value is $220,500, which positions the area as relatively affordable compared to many urban markets. For renters, the median rent is $887 per month, offering a more budget-friendly option for those not ready to buy. These figures provide a clear picture of affordability and investment potential in the housing market of ZIP 37716.

Race & Ethnicity

The demographic makeup of ZIP 37716 is predominantly White, with 91.19% of the population identifying as such. Other racial and ethnic groups include Black residents at 1.35%, Asian residents at 0.6%, and Hispanic or Latino individuals at 1.92%. This composition reflects a largely homogeneous community, which may influence cultural dynamics, local business offerings, and community engagement. Understanding this breakdown can help businesses tailor their services and investors gauge the cultural fit of potential developments in the area.

Key Facts

• Total population: 26,361 residents in ZIP 37716 as of 2023.
• Total households: 10,511, indicating a strong residential presence.
• Total housing units: 11,461, suggesting some availability for new occupants.
• Median household income: $61,250, reflecting solid earning potential.
• Median home value: $220,500, an accessible entry point for buyers.
• Median rent: $887 per month, a competitive rate for renters.
• Racial composition: 91.19% White, with smaller percentages of Black, Asian, and Hispanic residents.

What This Means for You

For homebuyers, ZIP 37716 offers a promising opportunity with a median home value of $220,500, which is within reach for many middle-income families or individuals earning around the area’s median income of $61,250. The slight surplus of housing units suggests you might find available properties without intense competition. Investors and real estate agents can take note of the potential for rental properties, given the reasonable median rent of $887 and the availability of units. The population size and income levels also indicate a stable tenant base. Small-business owners will find a community with spending power and a sizable customer pool of over 26,000 residents—ideal for retail, services, or dining ventures. Analysts can use this data to benchmark ZIP 37716 against neighboring areas for deeper market studies, focusing on the predominantly White demographic as a key cultural factor.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 37716? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
• Enter any ZIP code to access up-to-date demographic, income, and housing data tailored to your needs.
• Use the insights to make informed decisions for buying, investing, or launching a business in any area of interest.