ZIP 53719 - 860Z200US53719 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 53719, located in the Madison, Wisconsin area, this demographic and housing snapshot offers a clear picture of the community in 2023. With a robust population, strong median income, and diverse housing options, this area presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s dive into the key metrics to help you make informed decisions about living, working, or investing in 53719.

Population & Households

ZIP 53719 is home to a vibrant community of 33,688 residents as of 2023. This sizable population supports a dynamic local economy and a variety of lifestyle needs. The area comprises 15,701 households, indicating a strong residential base that could appeal to businesses targeting families or individuals. With 16,160 total housing units, there’s a slight surplus of available homes, which may provide options for prospective buyers or renters looking to settle in this area.

Income & Housing Costs

One of the standout features of ZIP 53719 is its solid economic foundation, reflected in a median household income of $92,223. This figure suggests a relatively affluent community with disposable income to support local businesses and services. Housing costs align with this income level, with a median house value of $349,300, making it a potentially attractive market for real estate investors seeking stable appreciation. For renters, the median rent stands at $1,429 per month, which is reasonable given the income levels and may appeal to those not yet ready to buy.

Race & Ethnicity

The demographic makeup of ZIP 53719 reflects a diverse yet predominantly white community. Approximately 66.64% of residents identify as white, while 11.72% are Hispanic, 9.02% are Asian, and 6.26% are Black. This diversity can enrich the cultural fabric of the area, offering a blend of perspectives and traditions that may appeal to families, businesses, and community organizations looking for an inclusive environment.

Key Facts

• Total population in ZIP 53719: 33,688 residents, indicating a sizable and active community.
• Total households: 15,701, supporting a strong residential presence.
• Total housing units: 16,160, suggesting some availability for new residents or investors.
• Median household income: $92,223, reflecting economic stability and purchasing power.
• Median house value: $349,300, a competitive price point for the region.
• Median rent: $1,429, offering a viable option for non-buyers.
• Racial composition: 66.64% white, 11.72% Hispanic, 9.02% Asian, 6.26% Black, showcasing diversity.

What This Means for You

For homebuyers, ZIP 53719 offers a promising mix of affordability and value with a median home price of $349,300 and a slight surplus of housing units. This could mean less competition when finding the right property. The strong median income also suggests a stable community where property values are likely to hold or grow over time.

For real estate investors and agents, the area’s demographics and housing metrics point to a reliable market. With over 33,000 residents and a median income above $92,000, there’s potential for both rental and sales opportunities, especially given the reasonable median rent of $1,429.

For small-business owners, the population size and income levels in 53719 indicate a customer base with spending power. The diversity in the community also means you can cater to a variety of cultural preferences, potentially broadening your market reach.

For analysts, these numbers provide a foundation for deeper research into trends like housing demand, economic growth, or demographic shifts in the Madison area, helping to inform broader regional strategies.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 53719? 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, and more, tailored to your needs.
• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business venture.