ZIP 58503 - 860Z200US58503 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 58503, located in the Bismarck, North Dakota area, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of over 37,000 and a robust median household income, this area presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you make informed decisions about living, investing, or operating in ZIP 58503.

Population & Households

ZIP 58503 is home to 37,081 residents, making it a sizable and vibrant community. These individuals are distributed across 15,127 households, reflecting a strong residential base. With 15,997 total housing units in the area, there’s a slight surplus of available homes compared to occupied households, which could indicate potential for growth or investment opportunities. This balance between population and housing suggests a stable yet dynamic area for families and individuals alike.

Income & Housing Costs

One of the standout metrics for ZIP 58503 is its median household income of $105,108, which points to a relatively affluent community with significant purchasing power. This income level supports a strong housing market, evidenced by a median house value of $383,300. For renters, the median rent stands at $1,131 per month, which is reasonable compared to the cost of ownership in the area. These figures suggest that ZIP 58503 is a market where both buying and renting are viable options, depending on your financial goals and lifestyle needs.

Race & Ethnicity

The demographic makeup of ZIP 58503 is predominantly White, with 89.24% of the population identifying as such. Other racial and ethnic groups include Black (1.23%), Asian (1.51%), and Hispanic (2.0%). This composition reflects a largely homogeneous community, which may influence cultural dynamics, local businesses, and community services. For businesses and investors, understanding this demographic profile can help tailor offerings or marketing strategies to align with the area’s predominant population.

Key Facts

• Total population: 37,081 residents in ZIP 58503 as of 2023.
• Total households: 15,127, indicating a strong residential presence.
• Total housing units: 15,997, with a small surplus over occupied households.
• Median household income: $105,108, reflecting a high-earning community.
• Median house value: $383,300, signaling a robust real estate market.
• Median rent: $1,131, offering a competitive rental option.
• Racial composition: 89.24% White, with smaller percentages of Black, Asian, and Hispanic residents.

What This Means for You

For homebuyers, ZIP 58503 offers a stable and affluent community with median home values at $383,300. The slight surplus of housing units could mean less competition in certain segments of the market, potentially giving you leverage in negotiations. With a median household income of over $105,000, this area supports a comfortable lifestyle, making it ideal for families or professionals seeking quality of life.

For real estate investors and agents, the combination of high median income and home values suggests a market with strong appreciation potential. The rental market, with a median rent of $1,131, also presents opportunities for steady cash flow, especially given the area’s population size and economic stability.

For small-business owners, the demographic profile and income levels indicate a customer base with disposable income. Tailoring products or services to the predominantly White population while being mindful of smaller but present minority groups can help you connect with the community. The population of 37,081 ensures a sizable local market to tap into.

For analysts, these metrics provide a foundation for deeper research into housing trends, economic growth, or community development in ZIP 58503. The data points to a prosperous area with room for strategic investments or policy considerations.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 58503? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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• Use the insights to inform your decisions—whether you’re buying a home, investing, or planning a business venture.