ZIP 47403 - 860Z200US47403 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 47403, located in the Bloomington, Indiana area, understanding the local demographics and housing landscape is essential. This snapshot for 2023 offers a clear, data-driven look at the population, income levels, housing costs, and cultural composition of this ZIP code. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, these insights can help you make informed decisions tailored to your goals.

Population & Households

ZIP 47403 is home to a population of 34,410 residents, making it a moderately sized community with a diverse range of needs and opportunities. These individuals are distributed across 15,150 households, reflecting a mix of family structures, singles, and shared living arrangements. With 16,271 total housing units in the area, there’s a slight surplus of available homes compared to occupied households, which could indicate potential for buyers or investors looking for openings in the market.

Income & Housing Costs

The median household income in ZIP 47403 stands at $68,703, suggesting a stable economic base for many residents. This income level supports a housing market where the median home value is $222,000—a figure that positions the area as relatively affordable compared to national averages, appealing to first-time buyers or those seeking value. For renters, the median monthly rent is $1,114, which aligns with the income levels and offers a viable alternative to homeownership for those not ready to buy. These metrics provide a balanced view of affordability and cost of living in this community.

Race & Ethnicity

The demographic makeup of ZIP 47403 reflects a predominantly white population at 82.21%, with smaller but significant representation from other groups. Black residents account for 5.63% of the population, while Asian individuals make up 2.31%. Additionally, 6.88% of the population identifies as Hispanic, contributing to a modest level of cultural diversity. This composition can influence community dynamics, local businesses, and the types of services or products that may thrive in the area.

Key Facts

• Total population: 34,410 residents, offering a sizable community for engagement or customer bases.
• Total households: 15,150, indicating a mix of family and individual living arrangements.
• Total housing units: 16,271, suggesting some availability for new residents or investors.
• Median household income: $68,703, reflecting a solid economic foundation for many locals.
• Median home value: $222,000, an accessible entry point for homebuyers in many markets.
• Median rent: $1,114 per month, providing a reasonable option for non-owners.
• Racial composition: 82.21% white, 5.63% black, 2.31% Asian, and 6.88% Hispanic, showing moderate diversity.

What This Means for You

For homebuyers, ZIP 47403 offers a promising opportunity with a median home value of $222,000, which could be within reach for many, especially given the median household income of $68,703. The slight surplus of housing units (16,271 total versus 15,150 households) may also mean less competition in certain segments of the market. If you’re a buyer, this area could provide both affordability and room to grow.

For investors and real estate agents, the data points to potential in both rental and purchase markets. With a median rent of $1,114, rental properties could generate steady income, especially in a community of over 34,000 people. The availability of housing units also suggests opportunities for flipping or long-term holds, depending on market trends.

For small-business owners, understanding the population size (34,410) and diversity (with a predominantly white but notably mixed demographic) can help tailor your offerings. The income level of $68,703 indicates that many residents have disposable income for goods and services, making this a viable spot for retail, dining, or specialized services that match community needs.

For analysts, these metrics provide a baseline for deeper research into economic stability, housing demand, and cultural trends in ZIP 47403. The balance of income, housing costs, and population size offers a stable starting point for forecasting or comparative studies.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 47403? Start by visiting ZipcodeGPT for a user-friendly way to access detailed demographic and housing data.
• Enter any ZIP code to generate a customized report with the latest stats, tailored to your specific interests or business needs.
• Use the insights to make data-driven decisions, whether you’re buying a home, investing, or planning a business venture.