ZIP 53405 - 860Z200US53405 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 53405 for your next home, investment, or business venture, this demographic and housing snapshot offers a clear picture of the area. Located in Racine, Wisconsin, ZIP 53405 is home to a diverse population of over 27,000 residents. With data from 2023, we’ll break down key metrics like population, income, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will guide your next steps in this community.

Population & Households

ZIP 53405 has a total population of 27,843, making it a moderately sized community with a mix of families, singles, and professionals. This population is distributed across 11,030 households, indicating an average household size of roughly 2.5 people. With 11,509 total housing units in the area, there’s a small buffer of available properties beyond the occupied households, which could signal opportunities for buyers or renters looking to move in. Understanding these numbers helps paint a picture of the community’s density and potential demand for housing or services.

Income & Housing Costs

The median household income in ZIP 53405 stands at $68,339, reflecting a solid economic base for many residents. This income level suggests that the area supports a middle-class lifestyle, which can be attractive for businesses targeting this demographic. On the housing front, the median home value is $173,600, offering a relatively affordable entry point for homebuyers compared to national averages. For renters, the median rent is $946 per month, which aligns with the income levels and provides a reasonable cost of living for those not ready to buy. These figures are critical for assessing affordability and investment potential in the area.

Race & Ethnicity

ZIP 53405 is a diverse community, with a racial and ethnic composition that reflects a blend of backgrounds. The population is 62.56% White, 11.71% Black, 1.16% Asian, and 17.23% Hispanic. This diversity can be a significant draw for businesses and residents seeking an inclusive environment. It also highlights the potential for culturally tailored services or products, as well as the importance of understanding community dynamics for real estate agents and investors working in this area.

Key Facts

• Total population: 27,843 residents in ZIP 53405 as of 2023.
• Total households: 11,030, with an average household size of about 2.5 people.
• Total housing units: 11,509, indicating some availability beyond occupied homes.
• Median household income: $68,339, supporting a middle-class demographic.
• Median home value: $173,600, an accessible price point for many buyers.
• Median rent: $946 per month, aligning with local income levels.
• Diverse population: 62.56% White, 17.23% Hispanic, 11.71% Black, and 1.16% Asian.

What This Means for You

For homebuyers, ZIP 53405 offers an affordable housing market with a median home value of $173,600, making it a viable option for first-time buyers or those seeking value in a stable community. The median rent of $946 also provides flexibility for those not ready to commit to ownership. Real estate investors and agents will find potential in the slight surplus of housing units (11,509 total vs. 11,030 households), which could indicate room for rental properties or flips, especially given the reasonable price points. Small-business owners can leverage the area’s diversity and middle-class income base to offer products or services that cater to a wide range of cultural and economic needs. Analysts can use these metrics to benchmark ZIP 53405 against neighboring areas or track trends over time. This data equips you with the foundation to act confidently, whether you’re buying, investing, or building a business.

Run This Study Yourself

• Want to dive deeper into ZIP 53405 or compare it with another area? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
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• Use the insights to make informed decisions for your home purchase, investment strategy, or business plan.