ZIP 50501 - 860Z200US50501 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 50501, understanding the local demographics and housing landscape is essential. Located in a vibrant community, this area offers a mix of affordability and diversity that appeals to homebuyers, real estate investors, small-business owners, and data analysts alike. Using the latest 2023 data, this snapshot provides a clear picture of population trends, income levels, housing costs, and cultural composition in ZIP 50501. Let’s dive into the numbers to help you make informed decisions.

Population & Households

ZIP 50501 is home to a population of 28,633 residents, making it a moderately sized community with a strong local presence. This population is distributed across 12,139 households, reflecting a solid base of families, individuals, and renters. With 13,198 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 investors looking for properties in this region. These figures suggest a stable community with room for growth, ideal for those seeking a balanced lifestyle or market potential.

Income & Housing Costs

The median household income in ZIP 50501 stands at $66,130, positioning this area as a place with a respectable earning capacity for its residents. This income level supports a comfortable standard of living, especially when paired with the area’s housing costs. The median house value is $139,700, which offers an accessible entry point for first-time homebuyers or investors seeking affordable properties with potential for appreciation. For renters, the median rent is $779 per month, making ZIP 50501 a cost-effective option compared to many urban markets. These metrics highlight an area where affordability meets opportunity, catering to a range of financial situations.

Race & Ethnicity

The cultural fabric of ZIP 50501 is predominantly White, with 82.07% of the population identifying as such. However, the area also reflects a diverse mix, with 3.94% Black, 1.4% Asian, and 7.19% Hispanic residents contributing to the community’s character. This diversity can be a draw for businesses and families looking for an inclusive environment, while also offering unique market segments for entrepreneurs. Understanding this composition helps stakeholders anticipate community needs, from cultural amenities to targeted services.

Key Facts

• Total population: 28,633 residents, indicating a mid-sized community.
• Total households: 12,139, showing a strong base of local families and individuals.
• Total housing units: 13,198, suggesting potential availability for new residents or investors.
• Median household income: $66,130, reflecting solid earning potential.
• Median house value: $139,700, an affordable option for homebuyers.
• Median rent: $779, a competitive rate for renters.
• Racial diversity: 82.07% White, 7.19% Hispanic, 3.94% Black, 1.4% Asian.

What This Means for You

For homebuyers, ZIP 50501 offers an attractive blend of affordability and community size. With a median home value of $139,700, it’s a feasible market for first-time buyers or those looking to downsize without sacrificing quality of life. Real estate investors and agents will note the surplus of housing units (13,198 total vs. 12,139 households), which could signal opportunities for rental properties or flips, especially given the reasonable median rent of $779. Small-business owners can leverage the area’s diversity and population of over 28,000 to target niche markets or provide essential services, supported by a median household income of $66,130 that suggests disposable income for local spending. Analysts can use these metrics to benchmark ZIP 50501 against neighboring areas, identifying trends in housing demand or demographic shifts. Across all groups, this data points to a stable, accessible market with room for tailored strategies.

Run This Study Yourself

• Curious about another ZIP code or want to dive deeper into ZIP 50501? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date insights on population, income, housing costs, and more, tailored to your needs.
• Use the detailed reports to inform your next move, investment, or business decision with confidence.