ZIP 55060 - 860Z200US55060 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 55060, understanding the local demographics and housing landscape is essential. Located in a vibrant area, this ZIP code offers a mix of residential stability and economic potential. With data from 2023, this snapshot provides a clear view of population trends, income levels, housing costs, and cultural diversity. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about this community.

Population & Households

ZIP 55060 is home to a population of 29,601 residents, making it a moderately sized community with a strong residential base. This population is distributed across 12,022 households, reflecting a solid foundation for local businesses and services. The total number of housing units stands at 12,631, indicating a slight surplus of available homes compared to occupied households. This balance suggests potential opportunities for homebuyers or investors looking to enter the market in this area.

Income & Housing Costs

The median household income in ZIP 55060 is $83,848, which points to a financially stable community with disposable income to support local businesses and amenities. When it comes to housing, the median home value is $239,300, offering a relatively accessible entry point for buyers compared to many urban markets. For renters, the median monthly rent is $1,018, which aligns with the income levels and provides a viable option for those not ready to purchase. These figures highlight a balanced housing market that caters to a range of budgets and preferences.

Race & Ethnicity

The demographic makeup of ZIP 55060 reflects a predominantly White population at 84.27%, with smaller but notable representation from other groups. Black residents account for 4.12% of the population, while Asian residents make up 0.72%. Hispanic or Latino individuals represent 7.73%, adding to the cultural diversity of the area. This composition suggests a community with a strong cultural core, yet with room for inclusivity and growth, which can be a draw for families and businesses seeking a welcoming environment.

Key Facts

• Total population: 29,601 residents, offering a robust community base.
• Total households: 12,022, supporting local economic activity.
• Total housing units: 12,631, with a slight surplus for potential buyers or renters.
• Median household income: $83,848, indicating financial stability.
• Median home value: $239,300, accessible for many prospective homeowners.
• Median rent: $1,018 per month, reasonable for the income demographic.
• Racial composition: 84.27% White, 7.73% Hispanic, 4.12% Black, 0.72% Asian.

What This Means for You

For homebuyers, ZIP 55060 presents an attractive opportunity with a median home value of $239,300, which is within reach for many middle-income families, especially given the median household income of $83,848. The slight surplus of housing units (12,631 total versus 12,022 households) suggests you may have room to negotiate or find a property that fits your needs without intense competition.

Real estate investors and agents will find value in the balanced market dynamics of ZIP 55060. The combination of stable income levels and reasonable home prices indicates potential for steady appreciation, while the rental market, with a median rent of $1,018, could appeal to tenants seeking affordability. This area could be a smart choice for building a rental portfolio or flipping properties.

Small-business owners can leverage the sizable population of 29,601 and the financial health of households to establish or grow operations. The income levels suggest residents have spending power for goods and services, while the diversity (notably 7.73% Hispanic) offers a chance to cater to varied cultural needs or niche markets.

Analysts can use this data as a benchmark for tracking trends in similar ZIP codes or for deeper studies into housing affordability and demographic shifts. The numbers provide a solid starting point for modeling economic or social patterns in this region.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 55060? 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 specific interests.
• Use the insights to compare markets, identify opportunities, or make data-driven decisions for your next move or investment.