ZIP 45232 - 860Z200US45232 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 45232 for a home purchase, real estate investment, or business opportunity, understanding the local demographics and housing landscape is essential. Located in a dynamic area, this ZIP code offers a unique blend of affordability and diversity. In this 2023 snapshot, we dive into the latest data on population, income, housing costs, and racial composition to help homebuyers, investors, agents, small-business owners, and analysts make informed decisions. Let’s break down what makes ZIP 45232 stand out.

Population & Households

As of 2023, ZIP 45232 is home to a population of 7,257 residents. This moderate-sized community is spread across 3,212 households, reflecting a mix of family and individual living arrangements. With 3,369 total housing units in the area, there’s a slight surplus of available homes compared to occupied households, which could indicate opportunities for buyers or renters looking to move in. This balance between population and housing units suggests a stable residential environment with room for growth.

Income & Housing Costs

Financial metrics are critical when evaluating any area, and ZIP 45232 presents an affordable profile for many. The median household income here is $25,232, which is relatively low compared to national averages but aligns with the cost of living in this region. For housing, the median home value stands at $122,500, offering an accessible entry point for first-time buyers or investors seeking value-driven properties. Renters will find the median rent at $605 per month, making this ZIP code an attractive option for those prioritizing affordability in their housing decisions.

Race & Ethnicity

Diversity is a defining characteristic of ZIP 45232, with a racial composition that reflects a vibrant, multicultural community. The largest demographic group is Black residents, accounting for 66.87% of the population. White residents make up 18.75%, while Hispanic individuals represent 6.28%. Data on Asian residents was not available for this snapshot. This mix of backgrounds contributes to a rich cultural fabric, which can be a draw for businesses catering to diverse customer bases or families seeking an inclusive environment.

Key Facts

• Total population in ZIP 45232: 7,257 residents as of 2023.
• Total households: 3,212, indicating a mix of family and solo living.
• Total housing units: 3,369, suggesting some availability for new occupants.
• Median household income: $25,232, reflecting an affordable cost of living.
• Median home value: $122,500, ideal for budget-conscious buyers.
• Median rent: $605, a competitive rate for renters.
• Racial breakdown: 66.87% Black, 18.75% White, 6.28% Hispanic.

What This Means for You

For homebuyers, ZIP 45232 offers a compelling opportunity to purchase at a median home value of $122,500, well below many urban markets. The low median rent of $605 also makes this area renter-friendly if you’re not ready to buy. Investors and real estate agents should note the slight surplus of housing units (3,369 total vs. 3,212 households), which could signal potential for rental properties or fixer-uppers in a market with growing demand. The affordable price points may attract tenants or buyers looking for value.

For small-business owners, the diverse population of 7,257 and the cultural mix (with a strong Black majority at 66.87%) provide a chance to tailor products or services to a unique customer base. The lower median income of $25,232 suggests a focus on budget-friendly offerings could resonate well. Analysts can use these metrics to benchmark ZIP 45232 against neighboring areas, identifying trends in affordability and demographic shifts that influence market dynamics.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 45232? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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