ZIP 58701 - 860Z200US58701 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 58701, 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 32,000 and a robust 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 to help you make informed decisions about living, investing, or operating in 58701.

Population & Households

ZIP 58701 is home to 32,868 residents, making it a moderately sized community with a strong local presence. These individuals are distributed across 14,344 households, reflecting a mix of family units, singles, and retirees. The total number of housing units stands at 16,267, indicating a slight surplus of available homes compared to occupied households. This gap could signal opportunities for buyers or investors looking to enter the market, as well as potential rental demand for property owners.

Income & Housing Costs

The median household income in ZIP 58701 is $75,329, suggesting a relatively stable economic base for residents. This income level supports a housing market where the median home value is $270,200—a figure that positions 58701 as an area with attainable homeownership for middle-income families. For renters, the median rent is $875 per month, which is notably lower than many urban markets, offering affordability for those not ready to buy. These financial metrics highlight 58701 as a balanced market for both purchasing and renting, catering to diverse needs.

Race & Ethnicity

The demographic makeup of ZIP 58701 is predominantly White, with 82.55% of the population identifying as such. Other racial and ethnic groups include Black (2.62%), Asian (1.9%), and Hispanic (4.91%). This composition reflects a largely homogeneous community with smaller, yet notable, diversity. For businesses and investors, understanding this breakdown can help tailor services, marketing, or property developments to the cultural and social dynamics of the area.

Key Facts

• Total population: 32,868 residents in 2023, indicating a sizable community.
• Total households: 14,344, showing a strong base of local families and individuals.
• Total housing units: 16,267, with some availability beyond current occupancy.
• Median household income: $75,329, supporting a stable middle-income economy.
• Median home value: $270,200, reflecting an accessible housing market.
• Median rent: $875, offering affordable rental options compared to national averages.
• Racial composition: Predominantly White (82.55%), with smaller Black (2.62%), Asian (1.9%), and Hispanic (4.91%) populations.

What This Means for You

For homebuyers, ZIP 58701 offers a promising market with median home values at $270,200 and a median income of $75,329, suggesting affordability for many. The surplus of housing units (16,267 total versus 14,344 households) may provide negotiating power or more options to choose from. If you’re a renter, the median rent of $875 is budget-friendly, making this area a practical choice for those seeking lower housing costs.

For real estate investors and agents, the gap between housing units and households hints at potential for rental properties or flipping homes, especially with a stable local economy. The demographic data, showing a predominantly White population with growing diversity, can guide targeted marketing or property types to meet community needs.

For small-business owners, the population of 32,868 and household income levels indicate a solid customer base with disposable income. Affordable rent for commercial spaces (aligned with residential trends) could make 58701 a cost-effective location to establish or expand operations. Tailoring offerings to the cultural makeup of the area can further enhance business success.

For analysts, these metrics provide a foundation for deeper studies into economic trends, housing demand, or social dynamics in 58701. The data suggests stability with room for growth, particularly in housing and small-scale commercial development.

Run This Study Yourself

• Curious about other ZIP codes or want updated data for 58701? Dive into detailed demographic and housing insights on your own.
• Visit ZipcodeGPT to access user-friendly tools that break down population, income, and housing stats for any area.
• Simply enter a ZIP code, and get tailored reports to support your homebuying, investing, or business decisions instantly.