ZIP 43701 - 860Z200US43701 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 43701, located in the heart of Ohio, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 55,000 and a diverse housing landscape, this ZIP code presents unique opportunities and challenges for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you make informed decisions about living, working, or investing here.

Population & Households

ZIP 43701 is home to a substantial population of 55,674 residents, making it a vibrant and active community. These individuals are distributed across 23,041 households, reflecting a mix of family sizes and living arrangements. The area also has 25,785 total housing units, indicating a slight surplus of available homes compared to occupied households. This could suggest opportunities for buyers or renters looking for options in a moderately sized market.

Income & Housing Costs

The median household income in ZIP 43701 stands at $54,900, which provides a benchmark for understanding the economic profile of the area. This income level suggests a working-to-middle-class community where affordability remains a key consideration for residents. On the housing front, the median home value is $164,200, offering a relatively accessible entry point for homebuyers compared to larger urban markets. For renters, the median rent is $819 per month, which aligns with the income levels and indicates a balanced rental market for those not ready to buy.

Race & Ethnicity

The demographic composition of ZIP 43701 reflects a predominantly white population at 87.76%, with smaller but notable representation from other groups. Black residents make up 4.41% of the population, while Asian residents account for 0.77%. Additionally, 1.78% of the population identifies as Hispanic. This racial and ethnic breakdown points to a community with limited diversity, which may influence cultural dynamics, business offerings, and community services in the area.

Key Facts

• Total population: 55,674 residents, indicating a sizable community with active local engagement.
• Total households: 23,041, reflecting a mix of family and individual living arrangements.
• Total housing units: 25,785, suggesting some availability for new residents or investors.
• Median household income: $54,900, indicative of a working-to-middle-class economic base.
• Median home value: $164,200, offering affordability compared to many urban areas.
• Median rent: $819, providing a reasonable cost for renters in the area.
• Racial composition: 87.76% white, 4.41% Black, 0.77% Asian, and 1.78% Hispanic, showing limited diversity.

What This Means for You

For homebuyers, ZIP 43701 offers a promising market with a median home value of $164,200, which is within reach for many first-time buyers or those looking to downsize. The slight surplus of housing units (25,785 total units versus 23,041 households) suggests you may have room to negotiate or find a property that fits your needs without intense competition.

For real estate investors and agents, the combination of affordable home prices and a stable population of over 55,000 indicates potential for steady demand, whether for rentals or flips. The median rent of $819 also supports a viable rental market for those looking to invest in income properties.

For small-business owners, the median household income of $54,900 suggests a customer base with moderate purchasing power. Tailoring products or services to meet the needs of a predominantly working-class community could yield success, especially in essential or value-driven sectors.

For analysts, the demographic data—particularly the racial composition and income levels—offers a foundation for deeper studies into economic trends, housing demand, or community development needs in ZIP 43701.

Run This Study Yourself

Want to dive deeper into ZIP 43701 or explore another area? Here’s how you can access detailed demographic and housing insights on your own:

• Visit ZipcodeGPT to access a powerful tool for ZIP code analysis.
• Enter any ZIP code to generate a comprehensive report tailored to your needs.
• Use the data to inform your decisions, whether for buying, investing, or starting a business.