ZIP 47274 - 860Z200US47274 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 47274 for your next home, investment, or business venture, understanding the local demographics and housing landscape is essential. Located in a dynamic area, this ZIP code offers a blend of opportunity and diversity for homebuyers, real estate investors, small-business owners, and analysts. Using the latest 2023 data, this snapshot provides a clear picture of population trends, income levels, housing costs, and cultural composition in 47274. Let’s dive into the numbers to help you make informed decisions.

Population & Households

ZIP code 47274 is home to a population of 32,786 residents, making it a moderately sized community with a robust local market. These individuals are distributed across 12,432 households, reflecting a strong base of families, singles, and professionals. With 13,590 total housing units in the area, there’s a noticeable spread between occupied and available properties, which could signal opportunities for buyers or investors looking to enter the market. This balance of population and housing suggests a stable yet growing community worth exploring.

Income & Housing Costs

Financial metrics are a critical factor when evaluating any area, and ZIP 47274 stands out with a median household income of $72,186. This figure indicates a solid earning capacity among residents, which can translate to purchasing power for businesses and a stable tenant base for landlords. On the housing front, the median home value in 47274 is $187,800, offering a relatively accessible entry point for homebuyers compared to many urban markets. For renters, the median rent is $956 per month, providing an affordable alternative to homeownership while still reflecting demand in the rental sector. These numbers paint a picture of a balanced market with options for various budgets.

Race & Ethnicity

The cultural fabric of ZIP 47274 is diverse, offering a welcoming environment for a wide range of residents and businesses. The racial and ethnic composition includes 74.48% White, 1.45% Black, 2.93% Asian, and 17.79% Hispanic individuals. This diversity can be a significant draw for small-business owners looking to cater to varied customer preferences or for families seeking an inclusive community. Understanding this mix also helps investors and agents tailor their strategies to meet the needs of different demographic groups in the area.

Key Facts

• Total population: 32,786 residents, indicating a sizable community with market potential.
• Total households: 12,432, reflecting a strong base of local consumers and families.
• Total housing units: 13,590, with room for growth or investment in unoccupied properties.
• Median household income: $72,186, suggesting solid economic stability among residents.
• Median home value: $187,800, an accessible price point for many prospective buyers.
• Median rent: $956, offering affordable options for renters in the area.
• Diverse population: 74.48% White, 17.79% Hispanic, 2.93% Asian, and 1.45% Black, fostering a multicultural environment.

What This Means for You

For homebuyers, ZIP 47274 presents an attractive opportunity with median home values at $187,800, which could fit within many budgets while offering a stable community of over 32,000 residents to call home. Real estate investors and agents will find value in the gap between total housing units (13,590) and households (12,432), hinting at potential for flipping properties or expanding rental portfolios, especially with a median rent of $956 that appeals to tenants. Small-business owners can leverage the diverse demographic makeup and a median household income of $72,186 to target a wide customer base with disposable income. Analysts can use these metrics to benchmark 47274 against neighboring areas, identifying trends in housing demand or economic growth. Whether you’re buying, investing, or building a business, these insights provide a foundation for strategic planning.

Run This Study Yourself

• Curious about diving deeper into ZIP 47274 or comparing it with other areas? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Input any ZIP code to access detailed population, income, and housing metrics tailored to your needs.
• Use the insights to make data-driven decisions for your home purchase, investment, or business expansion.