ZIP 43040 - 860Z200US43040 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 43040, understanding the local demographics and housing landscape is essential. Located in a vibrant area, this ZIP code offers a mix of suburban appeal and economic stability. With data from 2023, this snapshot provides a clear picture of the population, income levels, housing costs, and racial composition. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about living or working in 43040.

Population & Households

ZIP 43040 is home to a population of 37,582 residents, making it a moderately sized community with room for growth and engagement. These individuals are distributed across 13,860 households, reflecting a strong residential base. The total number of housing units stands at 14,238, indicating a slight surplus of available homes compared to occupied households. This balance suggests potential opportunities for buyers or renters looking to settle in the area, as well as for investors eyeing vacant properties.

Income & Housing Costs

Financial stability is a key draw for ZIP 43040, with a median household income of $96,320. This figure points to a community with solid earning power, which can support local businesses and attract professionals seeking a comfortable lifestyle. On the housing front, the median home value is $275,700, offering a reasonable entry point for buyers in a competitive market. For renters, the median rent is $1,180 per month, which aligns with the income levels and suggests affordability for many households. These metrics highlight 43040 as a place where both homeownership and renting are viable options.

Race & Ethnicity

The demographic makeup of ZIP 43040 is predominantly White, with 87.9% of the population identifying as such. Other groups include Black residents at 2.47%, Asian residents at 1.28%, and Hispanic or Latino individuals at 3.91%. This composition reflects a largely homogeneous community with smaller but notable diversity. For businesses and investors, understanding this breakdown can help tailor services or marketing strategies to the majority demographic while also considering the needs of minority groups in the area.

Key Facts

• Total population in ZIP 43040: 37,582 residents.
• Total households: 13,860, supporting a strong community base.
• Total housing units: 14,238, with some availability for new occupants.
• Median household income: $96,320, indicating economic stability.
• Median home value: $275,700, accessible for many buyers.
• Median rent: $1,180, aligning with local income levels.
• Racial composition: 87.9% White, 2.47% Black, 1.28% Asian, 3.91% Hispanic.

What This Means for You

For homebuyers, ZIP 43040 offers a promising mix of affordability and value. With a median home price of $275,700 and a median income of $96,320, purchasing a home here is within reach for many families or professionals. The slight surplus of housing units (14,238 vs. 13,860 households) also means you might find options without intense competition. Renters can benefit from a median rent of $1,180, which fits well within the local income bracket, ensuring a sustainable cost of living.

Real estate investors and agents will find potential in the housing surplus and stable income levels. The data suggests room for property flips or rentals, especially with a community that can afford consistent rent payments or home purchases. The predominantly White demographic (87.9%) may influence property marketing strategies, though catering to smaller diverse groups could tap into niche markets.

Small-business owners can leverage the strong median income and population size of 37,582 to establish a customer base. The economic stability here supports discretionary spending, making it a good spot for retail, services, or dining ventures. Understanding the racial composition can also guide culturally relevant offerings or hiring practices to resonate with the community.

Analysts can use these metrics as a baseline for deeper studies on suburban growth, housing trends, or economic forecasts in 43040. The balance of income and housing costs provides a stable foundation for modeling future development or investment risks.

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