ZIP 55114 - 860Z200US55114 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 55114 for your next home, investment, or business venture, understanding the local demographics and housing landscape is essential. Located in a dynamic area, this ZIP code offers a blend of diversity, affordability, and opportunity. With data from 2023, this snapshot provides a clear picture of the population, income levels, housing costs, and racial composition in 55114. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions tailored to your goals.

Population & Households

ZIP 55114 is home to a population of 4,655 residents as of 2023. This community supports 2,431 households, reflecting a moderate density of living arrangements. The total number of housing units in the area stands at 2,806, indicating a slight surplus of available properties compared to occupied households. This could suggest opportunities for potential buyers or renters looking to move into the area, as well as for investors eyeing vacant units for development or leasing.

Income & Housing Costs

The median household income in ZIP 55114 is $65,236, positioning it as a middle-income area with reasonable earning potential for residents. When it comes to housing, the median house value is $296,900, which offers a relatively accessible entry point for homebuyers compared to higher-priced markets nearby. For renters, the median rent is $1,588 per month, reflecting a significant but manageable cost for those not ready to buy. These figures provide a balanced view of affordability and investment potential, catering to a range of financial situations.

Race & Ethnicity

The demographic makeup of ZIP 55114 is notably diverse, fostering a multicultural environment that can appeal to a wide audience. The racial composition in 2023 breaks down as follows: 55.68% White, 24.68% Black, 9.19% Asian, and 5.91% Hispanic. This diversity can be a draw for businesses seeking a varied customer base or for families looking for an inclusive community to call home. Understanding these demographics can also help investors and business owners tailor their strategies to meet the needs of different cultural groups in the area.

Key Facts

• Total population in ZIP 55114: 4,655 residents.
• Total households: 2,431, with 2,806 total housing units available.
• Median household income: $65,236, reflecting a stable economic base.
• Median house value: $296,900, offering potential for homebuyers and investors.
• Median rent: $1,588 per month, a key consideration for renters.
• Racial diversity: 55.68% White, 24.68% Black, 9.19% Asian, 5.91% Hispanic.

What This Means for You

For homebuyers, ZIP 55114 presents a promising opportunity with a median house value of $296,900, which is competitive for the region. The slight surplus of housing units (2,806 total versus 2,431 households) suggests you may have some negotiating power or selection in the market. Investors and real estate agents can capitalize on this gap by targeting vacant units for rental income or resale, especially given the area’s diverse population of 4,655, which indicates steady demand. Small-business owners will find value in the multicultural community, with over 24% Black and nearly 10% Asian residents, allowing for targeted products or services that resonate with varied demographics. Analysts can use these metrics—such as the $65,236 median income—to assess economic stability and growth potential in 55114, ensuring data-driven recommendations for clients or stakeholders.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 55114? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Input any ZIP code to access up-to-date statistics on population, income, housing costs, and more, tailored to your specific needs.
• Use the insights to make informed decisions, whether you’re buying a home, investing in property, or planning a business in the area.