ZIP 49509 - 860Z200US49509 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 49509, located in the Grand Rapids area of Michigan, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of over 28,000 and a diverse cultural makeup, this area presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Drawing from the latest data, we’ll break down key metrics on population, income, housing, and ethnicity to help you make informed decisions about this vibrant ZIP code.

Population & Households

ZIP 49509 is home to 28,133 residents, making it a moderately sized community with a strong local presence. These individuals are distributed across 10,191 households, reflecting a mix of family and individual living arrangements. The total number of housing units stands at 10,611, indicating a slight surplus of available homes compared to occupied households. This could suggest opportunities for buyers or renters looking to settle in the area, as well as potential inventory for investors to consider.

Income & Housing Costs

The median household income in ZIP 49509 is $64,981, which positions the area as a middle-income community with reasonable earning potential. This income level supports a housing market where the median home value is $183,400—a price point that may appeal to first-time buyers or investors seeking affordable properties with growth potential. For renters, the median monthly rent is $983, offering a more accessible entry point compared to homeownership. These figures suggest a balanced market where both owning and renting are viable options depending on your financial goals.

Race & Ethnicity

ZIP 49509 stands out for its diverse population, which enriches the cultural fabric of the community. The racial and ethnic composition includes 49.19% White, 33.68% Hispanic, 9.72% Black, and 1.73% Asian residents. This diversity can be a significant draw for businesses aiming to serve a wide customer base or for families seeking an inclusive environment. Understanding this mix is also critical for investors and analysts assessing market demand and community dynamics in the area.

Key Facts

• Total population in ZIP 49509: 28,133 residents.
• Total households: 10,191, with 10,611 total housing units available.
• Median household income: $64,981, reflecting a stable middle-income community.
• Median home value: $183,400, an accessible price for many buyers.
• Median rent: $983 per month, offering affordable rental options.
• Diverse demographics: 49.19% White, 33.68% Hispanic, 9.72% Black, 1.73% Asian.

What This Means for You

For homebuyers, ZIP 49509 offers a promising mix of affordability and community diversity. With a median home value of $183,400, this area could be an ideal starting point for families or individuals looking to invest in property without overextending financially. The slight surplus of housing units also means you might have room to negotiate or find a home that fits your needs.

For investors and real estate agents, the combination of a middle-income population and reasonable home values suggests potential for steady appreciation or rental income. The median rent of $983 indicates a viable market for landlords, especially given the area’s population size and diversity, which can drive consistent demand.

For small-business owners, the diverse demographic makeup of ZIP 49509 is a key asset. With a significant Hispanic population alongside other groups, businesses that cater to varied cultural preferences—such as restaurants, retail, or services—could find a loyal customer base. The median income of $64,981 also supports discretionary spending, which is critical for local commerce.

For analysts, these metrics provide a foundation for deeper market studies. The balance of income, housing costs, and diversity in ZIP 49509 points to a stable yet dynamic area worth monitoring for trends in growth or shifts in demand.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 49509? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access detailed reports on population, housing, income, and more, tailored to your needs.
• Use the insights to make data-driven decisions for your next home purchase, investment, or business venture.