ZIP 52240 - 860Z200US52240 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 52240, located in the heart of Iowa, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 36,000 and a diverse community, this ZIP code presents a blend of affordability and opportunity. Whether you're a homebuyer, real estate investor, small-business owner, or data analyst, understanding the population dynamics, income levels, and housing trends here can guide your next steps. Let’s break down the key metrics to help you make informed decisions.

Population & Households

ZIP 52240 is home to a sizable population of 36,046 residents as of 2023. This figure reflects a vibrant community with a mix of families, professionals, and students, given the area’s proximity to educational institutions and urban centers like Iowa City. The total number of households stands at 15,369, indicating a strong base of residential activity. With 17,035 total housing units, there’s a modest buffer of available properties, suggesting potential for both buyers and renters to find options that suit their needs.

Income & Housing Costs

The median household income in ZIP 52240 is $55,189, which points to a moderate earning capacity among residents. This income level supports a range of lifestyles and can be a key consideration for businesses targeting local consumers or for investors assessing rental demand. On the housing front, the median home value is $241,100, reflecting a market that’s accessible compared to national averages, yet indicative of steady appreciation in this region. For renters, the median rent is $1,065 per month, offering a relatively affordable option for those not ready to buy or seeking flexibility.

Race & Ethnicity

The demographic makeup of ZIP 52240 showcases a diverse community, which can be a draw for those seeking an inclusive environment. The racial composition includes 70.57% White, 9.32% Black, 4.73% Asian, and 10.64% Hispanic residents. This diversity enriches the cultural fabric of the area, fostering a welcoming atmosphere for newcomers and supporting a variety of businesses that cater to different backgrounds and preferences.

Key Facts

• Total population: 36,046 residents, indicating a robust community size.
• Total households: 15,369, reflecting a strong residential base.
• Total housing units: 17,035, suggesting availability for new occupants.
• Median household income: $55,189, supporting moderate purchasing power.
• Median home value: $241,100, offering a competitive entry point for buyers.
• Median rent: $1,065, providing affordable rental options.
• Diverse population: 70.57% White, 9.32% Black, 4.73% Asian, 10.64% Hispanic.

What This Means for You

For homebuyers, ZIP 52240 offers a promising market with median home values at $241,100, which could be within reach for many, especially first-time buyers or those relocating from higher-cost areas. The availability of over 17,000 housing units suggests you’ll have options to explore, whether you’re looking for a family home or a starter property.

For investors and real estate agents, the combination of a median rent of $1,065 and a sizable population of over 36,000 indicates a steady rental market, particularly for student housing or young professionals near Iowa City. The moderate home values also present opportunities for property appreciation or flipping in a growing area.

For small-business owners, the diverse demographic profile and median income of $55,189 suggest a customer base with varied needs and moderate spending power. Whether you’re opening a retail shop, restaurant, or service-based business, the cultural diversity and population size in ZIP 52240 can support niche markets and broad appeal alike.

For analysts, these metrics provide a foundation for deeper research into housing trends, economic stability, and community growth in this Iowa ZIP code, helping to inform broader regional studies or investment strategies.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 52240? Start by visiting ZipcodeGPT for a user-friendly platform to access detailed demographic and housing data.
• Enter any ZIP code of interest to generate a customized report with the latest metrics tailored to your needs.
• Use the insights to make data-driven decisions, whether you’re buying a home, investing, or planning a business venture.