ZIP 45227 - 860Z200US45227 — Demographic Snapshot (2023)

Overview

If you're considering ZIP code 45227 for your next home, investment, or business venture, understanding the local demographics and housing landscape is essential. Located in Ohio, this area offers a mix of suburban charm and economic opportunity. With a population of over 18,000 and a diverse community, ZIP 45227 presents unique advantages for homebuyers, real estate investors, small-business owners, and analysts. This snapshot, based on 2023 data, breaks down key metrics to help you make informed decisions about living, investing, or operating in this region.

Population & Households

ZIP 45227 is home to 18,653 residents, making it a moderately sized community with a strong residential base. These individuals are distributed across 8,763 households, reflecting a vibrant area with a mix of family and individual living arrangements. The total number of housing units stands at 9,425, indicating a slight surplus of available properties relative to occupied households. This balance suggests potential opportunities for buyers or renters looking to settle in the area, as well as for investors eyeing vacant units for development or leasing.

Income & Housing Costs

The median household income in ZIP 45227 is $70,614, positioning it as a community with solid earning potential. This income level supports a comfortable lifestyle for many residents and indicates a stable economic foundation for local businesses. On the housing front, the median home value is $256,400, which reflects a competitive yet accessible real estate market for buyers with moderate to above-average budgets. For renters, the median monthly rent is $1,220, offering a range of options for those not ready to purchase. These figures highlight ZIP 45227 as a balanced market for both owning and renting, catering to diverse financial situations.

Race & Ethnicity

The demographic makeup of ZIP 45227 showcases a predominantly white population at 71.89%, with a significant Black community comprising 20.78%. Asian residents account for 1.36% of the population, while Hispanic individuals make up 2.1%. This diversity contributes to a culturally rich environment, which can be a draw for families seeking inclusive communities and for businesses aiming to serve a varied customer base. Understanding this composition helps stakeholders anticipate community needs, from housing preferences to consumer trends.

Key Facts

• Total population: 18,653 residents, offering a robust community for engagement.
• Total households: 8,763, indicating a strong residential presence.
• Total housing units: 9,425, suggesting availability for new occupants or investors.
• Median household income: $70,614, reflecting economic stability.
• Median home value: $256,400, competitive for suburban markets.
• Median rent: $1,220 per month, providing rental options for diverse budgets.
• Racial diversity: 71.89% white, 20.78% Black, with smaller Asian and Hispanic populations.

What This Means for You

For homebuyers, ZIP 45227 offers a promising market with median home values at $256,400, ideal for those seeking a suburban setting with reasonable entry costs. The slight surplus of housing units (9,425 total versus 8,763 households) could mean less competition for available properties. Investors and real estate agents will find potential in the unoccupied units, which may be leveraged for rental income or resale, especially given the stable median income of $70,614 supporting local purchasing power. Small-business owners can benefit from the diverse population of 18,653, tailoring products or services to a varied demographic while capitalizing on the area’s economic foundation. Analysts can use these metrics to assess growth trends, housing demand, and community needs, ensuring data-driven strategies for clients or projects in this region.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 45227? 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 in the area.