ZIP 51503 - 860Z200US51503 — Demographic Snapshot (2023)

Overview

If you're considering ZIP code 51503 for a home purchase, investment opportunity, or business venture, understanding the local demographics and housing landscape is essential. Located in a vibrant area, this ZIP code offers a blend of residential stability and economic potential. With a population of over 37,000 and a median household income of $76,064, ZIP 51503 presents a promising profile for homebuyers, real estate investors, agents, small-business owners, and analysts. This article breaks down the key metrics for 2023, providing actionable insights to help you make informed decisions.

Population & Households

ZIP 51503 is home to a population of 37,411 individuals, making it a sizable community with a diverse range of needs and opportunities. These residents are distributed across 15,250 households, reflecting a strong base of family and individual units. With 16,154 total housing units in the area, there’s a modest buffer of available properties, which could indicate room for growth or investment. This balance between population and housing suggests a stable community, ideal for those looking to settle or establish roots in a well-populated area.

Income & Housing Costs

Financially, ZIP 51503 stands out with a median household income of $76,064, which points to a relatively comfortable economic environment for many residents. This income level supports a housing market where the median home value is $252,600—a figure that reflects a solid investment potential for buyers and investors alike. For renters, the median rent of $964 per month offers a more affordable entry point into the community compared to purchasing. These metrics suggest that ZIP 51503 strikes a balance between affordability and value, catering to a range of budgets and financial goals.

Race & Ethnicity

The demographic makeup of ZIP 51503 is predominantly White, with 88.7% of the population identifying as such. Hispanic or Latino residents make up 5.23% of the population, while Black or African American individuals account for 2.41%, and Asian residents represent 0.4%. This composition indicates a largely homogeneous community with smaller, yet notable, diverse segments. For businesses and investors, understanding this breakdown can help tailor services, marketing, or property offerings to align with the cultural and social fabric of the area.

Key Facts

• Total population in ZIP 51503: 37,411 residents, indicating a robust community size.
• Total households: 15,250, reflecting a strong residential base.
• Total housing units: 16,154, suggesting some availability for new occupants or development.
• Median household income: $76,064, pointing to economic stability for many families.
• Median home value: $252,600, a competitive price point for potential buyers.
• Median rent: $964, offering an affordable alternative to homeownership.
• Racial composition: 88.7% White, 5.23% Hispanic, 2.41% Black, 0.4% Asian, showing a predominantly White area with diversity.

What This Means for You

For homebuyers, ZIP 51503 offers a stable and economically sound community with median home values at $252,600, making it a reasonable entry point for many looking to invest in property. The median rent of $964 also provides flexibility for those not ready to buy. Real estate investors and agents can capitalize on the slight surplus of housing units (16,154 total units versus 15,250 households), which may signal opportunities for rentals or flips in a market with steady demand. Small-business owners will find a sizable population of 37,411 to serve, supported by a median household income that suggests disposable income for goods and services. Analysts can use these metrics to benchmark ZIP 51503 against neighboring areas, identifying trends in housing affordability or demographic shifts. Whether you’re buying, investing, or building a business, this ZIP code offers a foundation for growth and stability.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 51503? 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 costs, and more, tailored to your needs.
• Use the insights to make informed decisions for your next home purchase, investment, or business strategy with confidence.