ZIP 46516 - 860Z200US46516 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 46516, understanding the local demographics and housing landscape is essential. Located in a dynamic area, this ZIP code offers a blend of diversity, affordability, and potential for growth. With a population of over 31,000 and a median household income of $54,934, ZIP 46516 presents a snapshot of a community with varied needs and opportunities. This article breaks down the key metrics for 2023, providing actionable insights for homebuyers, real estate investors, small-business owners, and analysts.

Population & Households

ZIP 46516 is home to 31,959 residents, making it a moderately sized community with a robust local market. These individuals are distributed across 11,970 households, reflecting a mix of family structures and living arrangements. The total number of housing units stands at 14,137, indicating some vacancy or availability for new residents or investors. This balance between population and housing suggests a community with room for growth, whether you’re looking to settle down or expand a rental portfolio.

Income & Housing Costs

The median household income in ZIP 46516 is $54,934, positioning it as a middle-income area where affordability meets opportunity. For homebuyers, the median house value of $150,400 offers a relatively accessible entry point into homeownership compared to many urban markets. Renters, on the other hand, face a median rent of $986 per month, which aligns with the income levels and suggests a balanced cost of living. For investors and business owners, these figures point to a stable economic base with potential for both residential and commercial demand.

Race & Ethnicity

ZIP 46516 boasts a diverse population, which enriches the cultural fabric of the area and creates a welcoming environment for varied businesses and residents. The racial and ethnic composition includes 59.79% White, 8.93% Black, 1.43% Asian, and 26.25% Hispanic individuals. This diversity can be a significant draw for small-business owners looking to cater to a broad customer base or for families seeking an inclusive community. Understanding these demographics can help tailor marketing strategies or community engagement efforts to resonate with local residents.

Key Facts

• Total population: 31,959 residents, offering a sizable market for businesses and services.
• Total households: 11,970, reflecting a strong base of potential customers or tenants.
• Total housing units: 14,137, suggesting availability for new residents or investment properties.
• Median household income: $54,934, indicating a middle-income community with stable purchasing power.
• Median house value: $150,400, an affordable option for homebuyers in many markets.
• Median rent: $986, providing a reasonable cost for renters in the area.
• Diverse population: 26.25% Hispanic, 59.79% White, 8.93% Black, and 1.43% Asian, fostering a multicultural environment.

What This Means for You

For homebuyers, ZIP 46516 offers an affordable housing market with a median home value of $150,400, making it a practical choice for first-time buyers or those looking to downsize. The diversity and population size also suggest a vibrant community to call home. Real estate investors and agents can capitalize on the gap between total housing units and households, which hints at opportunities for rental properties or fixer-uppers in a market with steady demand. The median rent of $986 supports a viable return on investment for landlords. Small-business owners will find a diverse customer base of over 31,000 residents, with income levels that support consistent local spending—ideal for retail, dining, or service-based ventures. Finally, analysts can use these metrics to benchmark ZIP 46516 against neighboring areas, identifying trends in affordability, diversity, and growth potential.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 46516? 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, and more, tailored to your needs.
• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business in the area.