ZIP 58501 - 860Z200US58501 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 58501, located in the heart of North Dakota, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 28,000 and a stable housing market, this ZIP code presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics—population, income, housing costs, and diversity—to help you make informed decisions about living or working in 58501.

Population & Households

ZIP 58501 is home to 28,571 residents, making it a moderately sized community with a strong local presence. These individuals are distributed across 12,031 households, reflecting a mix of family units, singles, and retirees. The area also has 13,445 total housing units, indicating a slight surplus of available properties compared to occupied households. This balance suggests potential opportunities for buyers or renters looking to settle in a community with room to grow.

Income & Housing Costs

The median household income in ZIP 58501 stands at $69,796, positioning it as a financially stable area for many families and individuals. This income level supports a comfortable lifestyle relative to local housing costs. The median home value is $276,000, which offers a reasonable entry point for homebuyers compared to larger urban markets. For renters, the median monthly rent is $938, providing an affordable alternative to homeownership. These figures highlight 58501 as a balanced market for both purchasing and leasing, appealing to a range of budgets.

Race & Ethnicity

The demographic makeup of ZIP 58501 is predominantly White, with 82.27% of the population identifying as such. Other groups include Black residents at 3.82%, Hispanic or Latino at 3.65%, and Asian at 0.59%. This composition reflects a relatively homogenous community with small but notable diversity. For businesses and investors, understanding this breakdown can help tailor services or marketing strategies to the primary demographic while also considering the needs of smaller groups within the area.

Key Facts

• Total population in ZIP 58501: 28,571 residents as of 2023.
• Total households: 12,031, indicating a mix of family and individual living arrangements.
• Total housing units: 13,445, suggesting availability for new residents or investors.
• Median household income: $69,796, supporting a stable economic base.
• Median home value: $276,000, a competitive price for prospective buyers.
• Median rent: $938 per month, offering affordable rental options.
• Racial composition: 82.27% White, with smaller percentages of Black, Hispanic, and Asian residents.

What This Means for You

For homebuyers, ZIP 58501 offers a promising market with a median home value of $276,000 and a surplus of housing units. This could mean less competition and more negotiating power when purchasing a property. The median income of $69,796 also suggests that many residents can afford to maintain their homes, potentially leading to well-kept neighborhoods.

For real estate investors and agents, the gap between total housing units (13,445) and occupied households (12,031) points to opportunities for rental properties or flips. The median rent of $938 indicates a steady demand for leasing, which could yield consistent returns in this stable market.

For small-business owners, the population of 28,571 and the predominantly White demographic (82.27%) provide a clear target audience for goods and services. The median income level supports discretionary spending, making 58501 a viable location for retail, dining, or service-based businesses catering to local needs.

For analysts, these metrics offer a foundation for deeper research into economic trends, housing demand, and community development in 58501. The data suggests a balanced, accessible area worth monitoring for future growth.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 58501? 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 for your next home purchase, investment, or business venture with confidence.