ZIP 42431 - 860Z200US42431 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 42431 for a home purchase, investment opportunity, or business venture, understanding the local demographics and housing landscape is essential. Located in a dynamic area, this ZIP code offers a blend of affordability and community diversity that appeals to a wide range of stakeholders. With data from 2023, this snapshot provides a clear picture of population trends, income levels, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will guide your next steps in ZIP 42431.

Population & Households

ZIP 42431 is home to a population of 27,095 residents, making it a moderately sized community with a strong local presence. This population is distributed across 10,874 households, reflecting a mix of family units, singles, and shared living arrangements. The total number of housing units stands at 12,569, indicating a surplus of available properties compared to occupied households. This gap could signal opportunities for buyers or investors looking to enter the market in this area, as well as potential for growth in housing demand over time.

Income & Housing Costs

The median household income in ZIP 42431 is $57,529, which suggests a stable economic base for many residents. This income level supports a housing market where the median home value is $151,800—a figure that positions this area as relatively affordable compared to national averages. For renters, the median rent is $858 per month, offering a cost-effective alternative to homeownership. These financial metrics indicate that ZIP 42431 could be an attractive option for first-time buyers seeking value or investors looking for properties with reasonable entry costs and potential for appreciation.

Race & Ethnicity

The demographic makeup of ZIP 42431 reflects a predominantly white population at 83.05%, with smaller but significant representation from other groups. Black residents account for 8.48% of the population, while Hispanic individuals make up 3.02%. Asian residents represent a smaller share at 0.62%. This composition points to a community with a majority demographic but enough diversity to foster a varied cultural landscape. For businesses and investors, this mix can inform marketing strategies or community engagement efforts tailored to the area’s unique profile.

Key Facts

• Total population in ZIP 42431: 27,095 residents.
• Total households: 10,874, indicating a solid base of local families and individuals.
• Total housing units: 12,569, suggesting availability for new occupants or investors.
• Median household income: $57,529, reflecting a stable economic environment.
• Median home value: $151,800, offering affordability for buyers.
• Median rent: $858, providing a budget-friendly option for renters.
• Racial composition: 83.05% white, 8.48% black, 3.02% Hispanic, 0.62% Asian.

What This Means for You

For homebuyers, ZIP 42431 presents an opportunity to enter a market with a median home value of $151,800, which is accessible for many budgets, especially with a median household income of $57,529 supporting local purchasing power. The availability of over 12,000 housing units means you may have options to choose from, whether you’re looking for a starter home or a larger family property. Investors and real estate agents will note the gap between total housing units and occupied households, which could indicate potential for rental properties or flips in a market with reasonable entry costs. Small-business owners can leverage the area’s diverse yet predominantly white demographic to tailor products or services, while the population size of 27,095 ensures a sizable customer base. Analysts can use these metrics to benchmark ZIP 42431 against neighboring areas for deeper market studies or trend analysis.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 42431? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date statistics on population, income, housing, and more, tailored to your needs.
• Use the insights to make informed decisions for your home purchase, investment, or business strategy with confidence.