ZIP 50263 - 860Z200US50263 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 50263, understanding the local demographics and housing landscape is essential. Located in a dynamic area, this ZIP code offers a blend of suburban appeal and economic vitality. With a population of over 27,000 and a median household income exceeding $107,000, ZIP 50263 stands out as a prosperous community with diverse housing options. This article breaks down the key metrics for 2023, providing actionable insights for homebuyers, real estate investors, small-business owners, and analysts seeking to make informed decisions.

Population & Households

ZIP 50263 is home to a population of 27,560 residents, making it a moderately sized community with room for growth and engagement. These individuals are distributed across 10,874 households, reflecting a strong residential base. The total number of housing units in the area is 11,323, indicating a slight surplus of available homes compared to occupied households. This balance suggests potential opportunities for buyers or renters looking to settle in a community with stable demand.

Income & Housing Costs

One of the standout features of ZIP 50263 is its robust economic profile. The median household income is $107,864, positioning this area as an affluent community where residents enjoy a comfortable standard of living. This income level supports a strong housing market, with a median house value of $332,500. For those considering renting, the median rent stands at $1,296 per month, which aligns with the area’s higher cost of living but offers access to quality amenities and infrastructure. These figures highlight ZIP 50263 as a desirable location for families and professionals seeking value in their housing investments.

Race & Ethnicity

The demographic makeup of ZIP 50263 reflects a diverse yet predominantly white community. Approximately 77.34% of residents identify as white, while 4.26% are Black, 6.4% are Asian, and 5.83% identify as Hispanic. This diversity contributes to a culturally rich environment, offering a mix of perspectives and experiences. For businesses and investors, this composition suggests a market with varied consumer needs and opportunities to cater to different cultural preferences.

Key Facts

• Total population: 27,560 residents, indicating a vibrant and active community.
• Total households: 10,874, showing a solid base of family and individual units.
• Total housing units: 11,323, with a small surplus for potential buyers or renters.
• Median household income: $107,864, reflecting strong earning power.
• Median house value: $332,500, a competitive price point for an affluent area.
• Median rent: $1,296, consistent with the area’s economic profile.
• Racial diversity: 77.34% white, 6.4% Asian, 5.83% Hispanic, and 4.26% Black.

What This Means for You

For homebuyers, ZIP 50263 offers a promising market with a median home value of $332,500, backed by a high median income of over $107,000. This suggests a stable investment with potential for appreciation, ideal for families or professionals seeking a long-term residence. The slight surplus of housing units (11,323 total) compared to households (10,874) may provide some negotiating leverage.

For real estate investors and agents, the numbers point to a healthy demand with room for growth. The combination of high income and reasonable home values indicates a market where properties are likely to retain value, while the rental market, with a median rent of $1,296, could appeal to tenants with disposable income.

For small-business owners, the diverse population of 27,560 and a median income above $107,000 signal a customer base with purchasing power. The cultural mix also means you can tailor products or services to a variety of preferences, enhancing market reach.

For analysts, these metrics provide a clear snapshot of a thriving community. The data underscores economic strength and demographic diversity, which can inform broader market studies or targeted research in this region.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 50263? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing, and more, tailored to your needs.
• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business venture.