ZIP 37923 - 860Z200US37923 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 37923, located in the Knoxville, Tennessee area, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of over 30,000 and a robust housing market, this area presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you understand what makes ZIP 37923 tick and how it aligns with your goals.

Population & Households

ZIP 37923 is home to 30,874 residents, making it a moderately sized community with a diverse mix of individuals and families. These residents are spread across 12,992 households, reflecting a strong base of local demand for housing and services. With 14,238 total housing units in the area, there’s a slight surplus of properties over households, which could indicate availability for new buyers or renters looking to settle in this part of Knoxville.

Income & Housing Costs

The median household income in ZIP 37923 stands at $70,046, suggesting a stable economic foundation for many residents. This income level supports a housing market where the median home value is $292,500—a figure that positions the area as accessible for middle-income buyers while offering potential for appreciation. For renters, the median rent is $1,303 per month, which aligns with the income levels and indicates a balanced rental market. These figures provide a solid starting point for assessing affordability and investment potential in the area.

Race & Ethnicity

The demographic makeup of ZIP 37923 reflects a predominantly white population at 75.89%, with smaller but significant representation from other groups. Black residents account for 6.7% of the population, Asian residents make up 3.38%, and Hispanic or Latino individuals comprise 9.85%. This diversity contributes to a varied cultural landscape, which can be a draw for businesses catering to different communities or families seeking an inclusive environment.

Key Facts

• Total population: 30,874 residents in 2023.
• Total households: 12,992, indicating a strong local community base.
• Total housing units: 14,238, suggesting some availability for new occupants.
• Median household income: $70,046, reflecting economic stability.
• Median home value: $292,500, accessible for many buyers.
• Median rent: $1,303, aligning with local income levels.
• Racial composition: 75.89% white, 9.85% Hispanic, 6.7% Black, 3.38% Asian.

What This Means for You

For homebuyers, ZIP 37923 offers a promising mix of affordability and value. With a median home price of $292,500 and a median income of $70,046, purchasing a home here is within reach for many, while the slight surplus of housing units may provide negotiating power. Real estate investors and agents can see potential in both the owner-occupied and rental markets—rents at $1,303 suggest steady demand, and the area’s population size supports long-term growth prospects. Small-business owners will find a diverse customer base of over 30,000 people, with income levels that support discretionary spending on local goods and services. Finally, analysts can use these metrics to benchmark ZIP 37923 against neighboring areas, identifying trends in housing availability or demographic shifts. Whether you’re buying, investing, or building a business, this data equips you to make informed decisions tailored to your needs.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 37923? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing costs, and more—customized to your interests.
• Use the insights to compare areas, spot opportunities, and make data-driven decisions for your next move or investment.