ZIP 45005 - 860Z200US45005 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 45005, located in Ohio, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 31,000 and a stable housing market, this ZIP code presents unique opportunities for homebuyers, real estate investors, agents, small-business owners, and analysts. Let’s dive into the data to uncover what makes this area stand out and how it can meet your needs.

Population & Households

ZIP 45005 is home to 31,906 residents, making it a moderately sized community with a strong local presence. These individuals are distributed across 12,647 households, reflecting a mix of family and individual living arrangements. The total number of housing units stands at 13,458, 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 without intense competition.

Income & Housing Costs

The median household income in ZIP 45005 is $74,239, a figure that points to a financially stable community with solid earning potential. For homebuyers and investors, the median house value of $201,200 offers a reasonable entry point into the market, especially when compared to higher-priced regions. Renters can expect a median rent of $1,005 per month, which aligns with the income levels and provides an affordable option for those not ready to buy. These metrics highlight a balanced cost of living that can appeal to a wide range of residents and investors.

Race & Ethnicity

The demographic makeup of ZIP 45005 is predominantly White, with 89.61% of the population identifying as such. Other groups include Black residents at 0.71%, Asian residents at 2.92%, and Hispanic or Latino individuals at 3.14%. This composition reflects a largely homogeneous community with small but notable diversity. For businesses and investors, understanding this breakdown can help tailor services, marketing, or property offerings to the area’s cultural landscape.

Key Facts

• Total population: 31,906 residents in ZIP 45005 as of 2023.
• Total households: 12,647, indicating a mix of family and solo living.
• Total housing units: 13,458, with some availability for new occupants.
• Median household income: $74,239, suggesting financial stability.
• Median house value: $201,200, an accessible price for many buyers.
• Median rent: $1,005, offering a reasonable rental market.
• Racial composition: 89.61% White, with smaller percentages of Black, Asian, and Hispanic residents.

What This Means for You

For homebuyers, ZIP 45005 offers a promising market with a median home value of $201,200, which is within reach for many budgets, especially given the median income of $74,239. The slight surplus of housing units (13,458 total) compared to households (12,647) means you may have room to negotiate or find a property that fits your needs without excessive competition.

For investors and real estate agents, the data suggests a stable market with potential for growth. The combination of affordable home prices and reasonable rents ($1,005 median) could attract both buyers and tenants, ensuring steady demand. Consider focusing on properties that cater to the predominant demographic (89.61% White) while exploring niche opportunities for diverse groups.

For small-business owners, the population of 31,906 and median income of $74,239 indicate a community with disposable income to support local goods and services. Tailoring your offerings to the largely homogeneous demographic while being inclusive of smaller groups (like the 3.14% Hispanic population) could help you build a loyal customer base.

For analysts, these metrics provide a foundation for deeper research into housing trends, economic stability, and demographic shifts in ZIP 45005. The balance of income, home values, and population size makes this area a compelling case study for regional comparisons.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 45005? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your specific interests.
• Use the insights to make informed decisions, whether you’re buying a home, investing in property, or planning a business venture.