ZIP 49506 - 860Z200US49506 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 49506, located in the heart of Grand Rapids, Michigan, this demographic and housing snapshot offers a clear picture of the area. With data from 2023, we’ll break down population trends, household dynamics, income levels, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights into ZIP 49506 will guide your next steps with confidence.

Population & Households

ZIP 49506 is home to a vibrant community of 35,025 residents, making it a moderately sized area with a strong local presence. This population is distributed across 12,676 households, reflecting a mix of family and individual living arrangements. The total number of housing units stands at 13,262, indicating a slight surplus of available homes compared 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 properties.

Income & Housing Costs

One of the standout metrics for ZIP 49506 is its median household income of $112,287, which points to a relatively affluent community. This income level positions residents well above the national average, offering financial stability and purchasing power that can attract businesses catering to mid-to-high-income consumers. On the housing front, the median home value is $338,600, reflecting a robust real estate market with properties that hold significant value. For renters, the median rent is $1,305 per month, which aligns with the area’s higher income bracket and suggests a demand for quality rental options. These figures highlight ZIP 49506 as a desirable location for those seeking both stability and growth potential in their housing investments.

Race & Ethnicity

The demographic makeup of ZIP 49506 offers a glimpse into its cultural diversity. The population is predominantly White at 76.34%, followed by Black residents at 10.78%. Hispanic individuals account for 4.45% of the population, while Asian residents make up 2.1%. This composition indicates a primarily White community with notable representation from other racial and ethnic groups, fostering a blend of perspectives and experiences. For businesses and investors, this diversity can translate into varied customer bases and opportunities to cater to different cultural needs.

Key Facts

• Total population in ZIP 49506: 35,025 residents.
• Total households: 12,676, supporting a mix of family and solo living.
• Total housing units: 13,262, with some availability for new occupants.
• Median household income: $112,287, indicating strong earning potential.
• Median home value: $338,600, reflecting a valuable real estate market.
• Median rent: $1,305, appealing to higher-income renters.
• Racial composition: 76.34% White, 10.78% Black, 4.45% Hispanic, 2.1% Asian.

What This Means for You

For homebuyers, ZIP 49506 offers a promising market with a median home value of $338,600, suggesting long-term value appreciation and a stable community to call home. The higher median income of $112,287 also means you’re likely to be surrounded by financially secure neighbors, enhancing the area’s appeal. Real estate investors and agents will find the slight surplus of housing units (13,262 total vs. 12,676 households) intriguing, as it hints at opportunities for flipping properties or securing rentals at a median rate of $1,305. Small-business owners can leverage the area’s affluent demographic and diverse population to target a wide range of customers, from families to professionals, with products or services tailored to mid-to-high-income lifestyles. Analysts can use these metrics to benchmark ZIP 49506 against other regions, identifying trends in income, housing, and diversity that signal growth potential.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 49506? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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