ZIP 57103 - 860Z200US57103 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP code 57103, understanding the local demographics and housing landscape is essential. Located in Sioux Falls, South Dakota, this area offers a blend of residential appeal and economic potential. This snapshot, based on 2023 data, provides a clear picture of the population, income levels, housing costs, and racial composition in 57103. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, these insights can guide your next steps with confidence.

Population & Households

ZIP code 57103 is home to a population of 35,282 residents as of 2023. This sizable community is distributed across 14,259 households, reflecting a vibrant and active area with a strong residential base. The total number of housing units stands at 15,326, indicating a slight surplus of available properties compared to occupied households. This balance suggests opportunities for both homebuyers seeking a place to settle and investors looking for rental or resale potential.

Income & Housing Costs

The median household income in 57103 is $73,945, a figure that points to a relatively stable economic environment for families and individuals. When it comes to housing, the median home value is $244,800, offering a moderate entry point for buyers in comparison to national averages. For renters, the median monthly rent is $938, which provides an affordable alternative to homeownership. These numbers highlight 57103 as a location where housing costs align reasonably with income levels, making it an attractive option for a range of budgets.

Race & Ethnicity

The demographic makeup of ZIP 57103 reflects a diverse yet predominantly white population. As of 2023, 72.95% of residents identify as white, while 10.1% are Black, 2.18% are Asian, and 6.98% identify as Hispanic. This mix indicates a community with cultural variety, which can be a draw for businesses aiming to serve a broad customer base or for families seeking an inclusive environment. Understanding this composition can help stakeholders tailor their strategies, whether for marketing, community engagement, or investment decisions.

Key Facts

• Total population in ZIP 57103: 35,282 residents.
• Total households: 14,259, supporting a strong community base.
• Total housing units: 15,326, with some availability for new occupants.
• Median household income: $73,945, indicating economic stability.
• Median home value: $244,800, a moderate price point for buyers.
• Median rent: $938 per month, offering affordable rental options.
• Racial composition: 72.95% white, 10.1% Black, 2.18% Asian, 6.98% Hispanic.

What This Means for You

For homebuyers, ZIP 57103 presents a promising opportunity with median home values at $244,800 and a surplus of housing units. This suggests you may have room to negotiate or find a property that fits your needs without intense competition. Investors and real estate agents can take advantage of the slight gap between housing units and households, potentially tapping into rental demand with a median rent of $938 or exploring properties for future appreciation. Small-business owners will find a diverse population of over 35,000 residents, coupled with a solid median income of $73,945, creating a customer base with purchasing power. Analysts can use these metrics to benchmark 57103 against other ZIP codes, identifying trends in housing affordability or demographic shifts. Across all groups, the data points to a balanced, opportunity-rich area worth exploring further.

Run This Study Yourself

• Dive deeper into ZIP 57103 or compare it with other areas by accessing detailed demographic and housing data on your own.
• Visit ZipcodeGPT to run a customized analysis tailored to your specific needs and interests.
• Use the insights to make informed decisions, whether you're buying a home, investing, or planning a business venture.