ZIP 53406 - 860Z200US53406 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 53406, located in Racine, Wisconsin, this demographic and housing snapshot offers a clear picture of the area based on 2023 data. With a population of over 25,000 and a mix of housing options, this ZIP code presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you understand the community, economy, and housing landscape of 53406.

Population & Households

ZIP 53406 is home to 25,564 residents, making it a moderately sized community with a stable population base. These individuals are distributed across 11,329 households, reflecting a mix of family and individual living arrangements. The total number of housing units stands at 11,634, indicating a slight surplus of available homes relative to occupied households. This balance suggests potential opportunities for buyers or renters looking to settle in the area, as well as for investors eyeing vacant properties.

Income & Housing Costs

The median household income in ZIP 53406 is $78,427, which points to a relatively strong local economy and purchasing power compared to national averages. This income level supports a housing market where the median home value is $262,000, offering a range of options for prospective buyers, from starter homes to more upscale properties. For renters, the median rent is $990 per month, which is affordable for many households earning at or above the median income. These figures suggest that 53406 strikes a balance between affordability and value, appealing to a wide range of budgets.

Race & Ethnicity

The demographic makeup of ZIP 53406 reflects a diverse yet predominantly white community. Approximately 73.01% of residents identify as white, followed by 11.47% Hispanic, 9.58% Black, and 2.13% Asian, with the remainder comprising other or mixed racial backgrounds. This diversity can enrich the cultural fabric of the area, offering a blend of perspectives and traditions. For businesses, this mix may influence customer preferences and marketing strategies, while homebuyers might appreciate the inclusive community vibe.

Key Facts

• Total population: 25,564 residents in 2023, indicating a stable community size.
• Total households: 11,329, reflecting a mix of family and solo living arrangements.
• Total housing units: 11,634, with a small surplus of available homes.
• Median household income: $78,427, suggesting solid economic stability.
• Median home value: $262,000, offering options across budget ranges.
• Median rent: $990, providing affordable rental opportunities.
• Racial composition: 73.01% white, 11.47% Hispanic, 9.58% Black, 2.13% Asian.

What This Means for You

For homebuyers, ZIP 53406 offers a promising market with a median home value of $262,000 and reasonable rental costs at $990 per month. The slight surplus of housing units (11,634 total vs. 11,329 households) could mean less competition for properties, potentially giving you negotiating power. The median income of $78,427 also suggests that many residents can afford to maintain their homes, which may translate to well-kept neighborhoods.

For investors and real estate agents, the data points to opportunities in both buying and renting properties. The income levels support a stable tenant base for rental investments, while the home value indicates room for appreciation over time. The diversity in the area could also attract a broad pool of potential buyers or renters.

For small-business owners, the population of 25,564 and diverse demographic makeup provide a sizable and varied customer base. The solid median income suggests disposable income for goods and services, while the cultural diversity might inspire tailored offerings to meet community needs.

For analysts, these metrics offer a foundation for deeper research into economic trends, housing demand, and community growth in 53406. The balance of income, housing costs, and population diversity could signal long-term stability or areas for targeted development.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 53406? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business in the area.