ZIP 55014 - 860Z200US55014 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 55014, located in the vibrant area of 860Z200US55014, this demographic and housing snapshot offers a clear picture of what to expect. Based on the latest 2023 data, this region is home to a sizable population with strong income levels and a stable housing market. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about living, working, or investing in ZIP 55014.

Population & Households

ZIP 55014 is home to a population of 28,975 residents, making it a moderately sized community with a mix of families, professionals, and individuals. This population is spread across 10,885 households, indicating a balanced density that supports both residential living and local business opportunities. With 11,163 total housing units in the area, there’s a slight surplus of homes compared to households, which could signal availability for new residents or investors looking to enter the market.

Income & Housing Costs

One of the standout metrics for ZIP 55014 is its median household income of $98,952, which reflects a financially stable community with strong earning potential. This income level positions the area as attractive for businesses seeking a customer base with disposable income, as well as for homebuyers looking for a prosperous neighborhood. On the housing front, the median home value stands at $324,700, suggesting a solid real estate market with properties that hold significant value. For renters, the median rent is $1,553 per month, which aligns with the area’s income levels and indicates a competitive rental market. These figures provide a strong foundation for understanding the economic landscape of ZIP 55014.

Race & Ethnicity

The demographic makeup of ZIP 55014 offers insight into the community’s diversity and cultural fabric. The population is predominantly White at 84.72%, with smaller but notable percentages of Black (4.08%), Asian (3.98%), and Hispanic (3.35%) residents. This composition suggests a primarily homogeneous community with pockets of diversity, which can influence local culture, business offerings, and community dynamics. For businesses and investors, understanding this breakdown can help tailor services or marketing strategies to the area’s demographic profile.

Key Facts

• Total population: 28,975 residents, offering a substantial community for engagement.
• Total households: 10,885, indicating a strong base of local consumers or tenants.
• Total housing units: 11,163, with potential availability for new buyers or renters.
• Median household income: $98,952, reflecting economic stability and purchasing power.
• Median home value: $324,700, a robust figure for real estate investment.
• Median rent: $1,553, competitive for the income levels in ZIP 55014.
• Racial composition: 84.72% White, 4.08% Black, 3.98% Asian, 3.35% Hispanic.

What This Means for You

For homebuyers, ZIP 55014 presents a promising opportunity with a median home value of $324,700 and a community backed by a strong median income of $98,952. These numbers suggest a stable environment where property values are likely to hold or appreciate over time. Real estate investors and agents will find the slight surplus of housing units (11,163 total units versus 10,885 households) intriguing, as it may indicate room for rental or flip opportunities in a market with solid demand. Small-business owners can take advantage of the sizable population of nearly 29,000 and their above-average income levels to target products or services to a financially capable audience. Analysts can use this data as a benchmark to compare ZIP 55014 with neighboring areas or to track trends over time, ensuring data-driven strategies for clients or stakeholders.

Run This Study Yourself

• Curious about diving deeper into ZIP 55014 or comparing it with another area? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Input any ZIP code to access up-to-date population, income, and housing metrics tailored to your needs.
• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business venture.