ZIP 50010 - 860Z200US50010 — Demographic Snapshot (2023)

Overview

If you're considering ZIP code 50010 for your next home, investment, or business venture, understanding the local demographics and housing landscape is crucial. Located in a vibrant area, ZIP 50010 offers a blend of opportunity and community for homebuyers, real estate investors, small-business owners, and analysts. This snapshot, based on 2023 data, provides a clear picture of population trends, income levels, housing costs, and cultural diversity to help you make informed decisions. Let’s dive into the numbers and see what they reveal about life in this area.

Population & Households

ZIP 50010 is home to a population of 33,428 residents, making it a moderately sized community with a strong local presence. These individuals are distributed across 14,065 households, reflecting a mix of family units, singles, and shared living arrangements. With 14,732 total housing units in the area, there’s a slight surplus of available homes compared to occupied households, which could indicate opportunities for buyers or renters looking to move in. This balance suggests a stable residential environment, ideal for those seeking a settled yet dynamic place to live or invest.

Income & Housing Costs

The median household income in ZIP 50010 stands at $65,701, positioning it as a community with a solid economic foundation. This income level supports a comfortable lifestyle for many residents and indicates potential spending power for local businesses. On the housing front, the median home value is $243,200, reflecting a market that is accessible to a range of buyers, from first-timers to seasoned investors. For renters, the median rent is $981 per month, offering a more affordable alternative to homeownership while still aligning with the area’s income profile. These figures suggest a balanced housing market with options for diverse financial situations.

Race & Ethnicity

The demographic makeup of ZIP 50010 showcases a predominantly white population at 79.02%, with smaller but significant representation from other groups. Black residents account for 4.11% of the population, while Asian individuals make up 7.16%. Additionally, 6.0% of the population identifies as Hispanic. This diversity, while not overwhelmingly varied, adds a layer of cultural richness to the community, which can be a draw for those seeking an inclusive environment. For businesses, this mix offers a chance to cater to a range of cultural preferences and needs.

Key Facts

• Total population: 33,428 residents, indicating a robust community size.
• Total households: 14,065, showing a strong base of local families and individuals.
• Total housing units: 14,732, with a small surplus over occupied households.
• Median household income: $65,701, supporting a stable economic environment.
• Median home value: $243,200, accessible for a variety of buyers.
• Median rent: $981, offering affordable rental options.
• Racial composition: 79.02% white, 7.16% Asian, 4.11% Black, 6.0% Hispanic.

What This Means for You

For homebuyers, ZIP 50010 presents a promising market with median home values at $243,200, which could fit within many budgets, especially given the median income of $65,701. The slight surplus of housing units (14,732 total versus 14,065 households) might mean less competition for available properties. Investors and real estate agents will find value in the balanced housing costs and stable population of 33,428, suggesting consistent demand for both rentals and purchases. The median rent of $981 also points to a viable rental market for landlords. Small-business owners can leverage the diverse demographic profile and solid income levels to target a range of customers, from families to young professionals. Analysts can use these metrics to benchmark ZIP 50010 against nearby areas, identifying trends in growth or housing affordability. Overall, this ZIP code offers a stable foundation for various goals, whether personal or professional.

Run This Study Yourself

• Curious about diving deeper into ZIP 50010 or comparing it with another area? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Input any ZIP code to access up-to-date population, income, and housing insights tailored to your needs.
• Use the detailed reports to inform your homebuying, investment, or business decisions with confidence.