ZIP 42003 - 860Z200US42003 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 42003, located in the heart of Kentucky, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of nearly 30,000 and a mix of housing options, this ZIP code presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Using the latest data, we’ll break down population trends, income levels, housing costs, and racial composition to help you make informed decisions about this community.

Population & Households

ZIP 42003 is home to 29,384 residents, making it a moderately sized community with a stable population base. This area supports 11,534 households, reflecting a diverse mix of family structures and living arrangements. With 14,132 total housing units available, there’s a noticeable surplus of homes compared to occupied households, which could indicate potential for growth or investment in the rental or real estate market. For businesses, this population size suggests a solid customer base, while analysts might note the balance between population and housing as a key metric for future development.

Income & Housing Costs

The median household income in ZIP 42003 stands at $54,052, positioning it as a middle-income area where residents have moderate purchasing power. This income level can be a strong indicator for small businesses looking to gauge local spending capacity. On the housing front, the median home value is $160,700, which offers an accessible entry point for first-time homebuyers or investors seeking affordable properties. Meanwhile, the median rent of $696 per month makes renting a viable and budget-friendly option for many residents. These figures suggest a balanced housing market that caters to a range of financial situations, providing opportunities for both buyers and renters.

Race & Ethnicity

The demographic makeup of ZIP 42003 reflects a predominantly white population at 82.83%, with smaller but significant representation from other groups. Black residents account for 9.05% of the population, while Hispanic individuals make up 3.52%. Asian residents represent a smaller share at 0.71%. This composition indicates a community with a majority white demographic but with notable diversity that could influence cultural offerings, business needs, and community dynamics. For businesses and investors, understanding this breakdown can help tailor services or marketing strategies to resonate with local residents.

Key Facts

• Total population: 29,384 residents in 2023, offering a stable community size.
• Total households: 11,534, reflecting a mix of family and individual living arrangements.
• Total housing units: 14,132, suggesting potential availability for new residents or investors.
• Median household income: $54,052, indicating moderate economic capacity.
• Median home value: $160,700, an accessible price point for many buyers.
• Median rent: $696, providing affordable rental options.
• Racial composition: 82.83% white, 9.05% black, 3.52% Hispanic, 0.71% Asian.

What This Means for You

For homebuyers, ZIP 42003 offers a compelling mix of affordability and availability. With median home values at $160,700 and rents at $696, you can find options whether you’re looking to buy or lease. The surplus of housing units (14,132 total versus 11,534 households) may also mean less competition in certain segments of the market. Investors and real estate agents will appreciate the potential for rental properties or flipping homes in a market with reasonable entry costs and a steady population of nearly 30,000. Small-business owners can leverage the median income of $54,052 to target products and services that align with local budgets, while the area’s diversity (including 9.05% black and 3.52% Hispanic residents) suggests opportunities for culturally relevant offerings. Analysts can use these metrics to assess growth potential, housing demand, and economic trends in this Kentucky ZIP code.

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