ZIP 44107 - 860Z200US44107 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 44107, located in the vibrant area of Lakewood, Ohio, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ll break down population stats, household dynamics, 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 provide a foundation for understanding the local landscape.

Population & Households

ZIP 44107 is home to a population of 50,384 residents, making it a moderately sized community with a diverse mix of individuals and families. The area supports 26,651 households, reflecting a strong residential base. With 29,101 total housing units, there’s a notable supply of homes, though not all are occupied, suggesting potential opportunities for buyers or investors looking to enter the market. This balance of population and housing creates a stable environment for both living and business prospects.

Income & Housing Costs

The median household income in ZIP 44107 stands at $65,778, indicating a middle-income community with reasonable earning power. For homebuyers and investors, the median house value of $241,400 offers a glimpse into the local real estate market—affordable compared to many urban areas, yet reflective of a desirable location. Renters, on the other hand, face a median rent of $1,011 per month, which aligns with the income levels and suggests a balanced cost of living for those not ready to buy. These figures provide a practical benchmark for assessing affordability and investment potential.

Race & Ethnicity

The demographic makeup of ZIP 44107 shows a predominantly white population at 83.24%, with smaller but significant representation from other groups: Black residents account for 6.19%, Asian residents 2.37%, and Hispanic or Latino individuals 4.49%. This composition points to a community with a majority demographic but enough diversity to foster a varied cultural environment. For businesses and investors, this mix can influence market strategies, customer bases, and community engagement efforts.

Key Facts

• Total population: 50,384 residents in 2023.
• Total households: 26,651, supporting a robust residential community.
• Total housing units: 29,101, with some vacancy for potential buyers or renters.
• Median household income: $65,778, indicative of a middle-income area.
• Median house value: $241,400, offering accessible real estate opportunities.
• Median rent: $1,011, aligning with local income levels.
• Racial composition: 83.24% white, 6.19% Black, 2.37% Asian, 4.49% Hispanic.

What This Means for You

For homebuyers, ZIP 44107 presents an attractive option with a median home value of $241,400—potentially within reach for many middle-income families or individuals. The availability of housing units beyond the number of households suggests room to find a property that fits your needs. Investors and real estate agents can capitalize on the slight surplus of housing units, which may indicate opportunities for rental properties or flips, especially with a median rent of $1,011 drawing consistent demand. The stable population of over 50,000 ensures a steady market.

For small-business owners, the demographic profile and income levels suggest a customer base with disposable income for local goods and services. The diversity, though not extensive, still allows for niche marketing to specific cultural groups. Finally, analysts can use these metrics as a baseline for deeper studies into market trends, housing demand, or economic growth in the region. ZIP 44107 offers a balanced, opportunity-rich environment for various stakeholders.

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