ZIP 44052 - 860Z200US44052 — Demographic Snapshot (2023)

Overview

If you're considering ZIP code 44052 for your next home, investment property, or business location, understanding the local demographics and housing landscape is essential. Located in Lorain, Ohio, this area offers a unique blend of affordability and diversity, making it a compelling choice for homebuyers, real estate investors, small-business owners, and analysts. Drawing from the latest 2023 data, this snapshot provides a clear picture of population trends, income levels, housing costs, and cultural composition to help you make informed decisions.

Population & Households

ZIP 44052 is home to a population of 28,067 residents, reflecting a moderately sized community with a mix of urban and suburban characteristics. This area supports 11,821 households, indicating a strong base of families and individuals. With 13,673 total housing units, there’s a notable inventory of homes, though not all are occupied, suggesting potential opportunities for buyers or investors looking to enter the market. The balance between population and housing units points to a community with room for growth or redevelopment.

Income & Housing Costs

The median household income in ZIP 44052 stands at $42,298, which is below the national average but aligns with the affordability of the region. For homebuyers, this income level suggests a market where entry-level or modestly priced homes are in demand. The median house value is $104,000, offering an accessible price point for first-time buyers or investors seeking value-driven properties. For renters, the median rent of $840 per month provides a cost-effective alternative to homeownership, making this ZIP code attractive to a wide range of residents. These figures highlight a market where affordability is a key strength, though income constraints may influence purchasing power.

Race & Ethnicity

ZIP 44052 boasts a diverse community, with a racial and ethnic composition that reflects a vibrant cultural mix. White residents make up 48.68% of the population, followed by Hispanic or Latino residents at 23.65%, and Black or African American residents at 21.03%. Asian residents account for 0.98% of the population. This diversity can be a significant draw for businesses aiming to serve a broad customer base or for families seeking an inclusive environment. Understanding this demographic makeup is crucial for tailoring real estate strategies or business offerings to the community’s unique needs.

Key Facts

• Total population: 28,067 residents, indicating a mid-sized community.
• Total households: 11,821, supporting a stable residential base.
• Total housing units: 13,673, with some vacancy offering market potential.
• Median household income: $42,298, reflecting an affordable living standard.
• Median house value: $104,000, ideal for budget-conscious buyers or investors.
• Median rent: $840, providing a competitive rental market.
• Diverse population: 48.68% White, 23.65% Hispanic, 21.03% Black, 0.98% Asian.

What This Means for You

For homebuyers, ZIP 44052 presents an affordable entry into homeownership with a median house value of $104,000. The lower median income suggests negotiating power in a buyer’s market, though you’ll want to factor in local economic conditions when planning your budget. Investors and real estate agents can capitalize on the gap between total housing units and occupied households, potentially targeting fixer-uppers or rental properties given the reasonable median rent of $840. The area’s diversity also means a wide tenant pool. Small-business owners will find a culturally rich customer base, ideal for businesses that cater to varied tastes or needs—think ethnic cuisine, community services, or inclusive retail. Analysts can use this data to track trends in affordable markets or study the impact of diversity on local economies. Across all groups, the affordability and demographic mix of ZIP 44052 offer distinct advantages for strategic planning.

Run This Study Yourself

• Curious about diving deeper into ZIP 44052 or comparing it with other areas? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access detailed metrics like population, income, and housing costs tailored to your needs.
• Use the insights to inform your homebuying, investment, or business decisions with confidence.