ZIP 45223 - 860Z200US45223 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 45223, understanding the local demographics and housing landscape is essential. Located in the Cincinnati area, this ZIP code offers a unique blend of community diversity and economic potential. With data from 2023, this snapshot provides a clear picture of population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into the numbers for ZIP 45223 and uncover what they mean for you.

Population & Households

ZIP 45223 is home to a population of 13,049 residents, making it a moderately sized community with a mix of urban and suburban characteristics. These individuals are distributed across 6,036 households, reflecting a variety of family structures and living arrangements. With 6,765 total housing units in the area, there’s a noticeable gap between occupied and available units, which could signal opportunities for investors or buyers looking for properties in this region. This balance of population and housing stock suggests a stable yet dynamic community worth exploring.

Income & Housing Costs

The median household income in ZIP 45223 stands at $46,930, which offers insight into the economic profile of the area. This figure indicates a working-class to middle-income community, where affordability remains a key factor for residents. On the housing front, the median home value is $203,800, positioning ZIP 45223 as a relatively accessible market for first-time buyers or investors seeking value. For renters, the median rent is $914 per month, which aligns with the income levels and suggests a balanced rental market. These metrics highlight ZIP 45223 as a practical option for those prioritizing cost alongside location.

Race & Ethnicity

The racial and ethnic composition of ZIP 45223 reflects a diverse community, which can be a draw for those seeking an inclusive environment. White residents make up 52.62% of the population, followed by Black residents at 32.98%. Hispanic individuals account for 5.8%, while Asian residents represent 1.27%. This diversity fosters a culturally rich atmosphere, appealing to families, businesses, and investors who value varied perspectives and community engagement. Understanding this makeup can help tailor business offerings or community involvement strategies to resonate with local residents.

Key Facts

• Total population in ZIP 45223: 13,049 residents.
• Total households: 6,036, indicating a mix of family and individual living arrangements.
• Total housing units: 6,765, with some vacancy suggesting potential for buyers or investors.
• Median household income: $46,930, reflecting a working to middle-income community.
• Median home value: $203,800, offering affordability compared to higher-priced markets.
• Median rent: $914, aligning with local income levels for renters.
• Diverse population: 52.62% White, 32.98% Black, 5.8% Hispanic, and 1.27% Asian.

What This Means for You

For homebuyers, ZIP 45223 presents an affordable entry point with a median home value of $203,800, ideal for first-time buyers or those looking to settle in a diverse, community-oriented area. The rental market, with a median rent of $914, also offers options for those not ready to purchase. Investors and real estate agents should note the gap between total housing units (6,765) and occupied households (6,036), which may indicate vacant properties or development potential. This could be a chance to acquire rental properties or flip homes in a market with reasonable entry costs. For small-business owners, the diverse demographic profile and moderate income levels suggest a customer base that values affordability and cultural relevance—consider tailoring products or services to meet these needs. Analysts can use this data as a baseline to track trends in housing affordability or demographic shifts over time in ZIP 45223, providing deeper insights for clients or stakeholders.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 45223? Start by visiting ZipcodeGPT to access powerful demographic and housing analysis tools.
• Enter any ZIP code to generate a detailed report tailored to your needs, whether for buying, investing, or business planning.
• Use the insights to make data-driven decisions with confidence, just like the snapshot provided here.