ZIP 53223 - 860Z200US53223 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 53223, located in the Milwaukee area of Wisconsin, this demographic and housing snapshot offers a clear picture of the community in 2023. With data on population, income, housing values, and racial composition, this analysis equips homebuyers, real estate investors, small-business owners, and analysts with the insights needed to make informed decisions. Let’s break down the key metrics and explore what they mean for your goals in this vibrant area.

Population & Households

ZIP 53223 is home to a population of 29,287 residents as of 2023, making it a moderately sized community with a mix of urban and suburban characteristics. These residents are distributed across 12,173 households, reflecting a diverse range of family structures and living arrangements. The total number of housing units in the area stands at 13,436, indicating some vacancy or availability for potential buyers or renters looking to settle in this ZIP code.

Income & Housing Costs

The median household income in ZIP 53223 is $60,477, which provides a solid economic foundation for many families and individuals in the area. This income level suggests a community with moderate purchasing power, appealing to businesses targeting middle-income consumers. On the housing front, the median home value is $184,300, offering a relatively affordable entry point for homebuyers compared to higher-priced markets in nearby urban centers. For renters, the median rent is $1,071 per month, which aligns with the income levels and provides options for those not yet ready to buy.

Race & Ethnicity

The racial and ethnic composition of ZIP 53223 reflects a diverse community with a rich cultural tapestry. The largest demographic group is Black or African American, comprising 56.57% of the population, followed by White residents at 29.31%. Asian individuals make up 6.49% of the population, while Hispanic or Latino residents account for 3.57%. This diversity can be a significant draw for businesses and investors looking to cater to a wide range of cultural preferences and needs, as well as for families seeking an inclusive environment.

Key Facts

• Total population in ZIP 53223: 29,287 residents.
• Total households: 12,173, supporting a variety of family and individual lifestyles.
• Total housing units: 13,436, with potential availability for new residents or investors.
• Median household income: $60,477, indicative of a stable middle-income community.
• Median home value: $184,300, an accessible price point for many buyers.
• Median rent: $1,071, offering affordable rental options.
• Racial diversity: Predominantly Black (56.57%), with significant White (29.31%) and Asian (6.49%) populations.

What This Means for You

For homebuyers, ZIP 53223 presents an opportunity to purchase a home at a median value of $184,300, which is competitive for the region. The diversity and size of the community also mean access to varied amenities and a welcoming atmosphere. Real estate investors and agents can take advantage of the housing unit count (13,436) and moderate vacancy potential to identify rental or flip opportunities, especially with a median rent of $1,071 that appeals to a broad tenant base. Small-business owners will find a diverse customer base of nearly 30,000 residents with a median income of $60,477, ideal for targeting products and services to middle-income households. Finally, analysts can use this data as a baseline to track trends in housing affordability and demographic shifts in this dynamic Milwaukee-area ZIP code.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 53223? 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 inform your homebuying, investment, or business decisions with confidence and precision.