ZIP 59105 - 860Z200US59105 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 59105, located in the Billings, Montana area, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of over 34,000 and a robust housing market, 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 understand what makes ZIP 59105 stand out and how it can align with your goals.

Population & Households

ZIP 59105 is home to a population of 34,363 residents as of 2023, making it a sizable community with a strong local presence. These individuals are distributed across 13,564 households, reflecting a mix of family and individual living arrangements. With 14,198 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could indicate availability for new residents or investors looking to enter the market. This balance suggests a stable community with room for growth, appealing to those seeking a place to settle or expand.

Income & Housing Costs

The median household income in ZIP 59105 stands at $74,572, positioning it as a relatively affluent area compared to national averages. This income level supports a healthy local economy, which can be a draw for small businesses and service providers. On the housing front, the median house value is $314,900, reflecting a solid real estate market with homes that hold significant value. For renters, the median rent is $1,261 per month, which aligns with the area’s income levels and suggests a balanced rental market. These figures indicate that ZIP 59105 offers both affordability and investment potential, depending on your financial strategy.

Race & Ethnicity

The demographic makeup of ZIP 59105 is predominantly White, with 84.75% of the population identifying as such. Hispanic residents make up 6.85% of the community, while Black and Asian populations are smaller, at 0.24% and 0.34%, respectively. This composition reflects a largely homogeneous area with some diversity, which may influence cultural dynamics, community events, and business opportunities. Understanding this breakdown can help homebuyers and businesses tailor their expectations and offerings to the local population.

Key Facts

• Total population in ZIP 59105: 34,363 residents as of 2023.
• Total households: 13,564, indicating a mix of family and solo living.
• Total housing units: 14,198, suggesting some availability for new occupants.
• Median household income: $74,572, supporting a stable local economy.
• Median house value: $314,900, reflecting a strong real estate market.
• Median rent: $1,261, offering a balanced option for renters.
• Racial composition: 84.75% White, 6.85% Hispanic, with smaller Black and Asian populations.

What This Means for You

For homebuyers, ZIP 59105 offers a promising mix of housing value and community stability. With a median home price of $314,900 and a slight surplus of housing units, you may find opportunities to purchase at competitive rates, especially if you’re looking for a long-term family home in a predominantly residential area. The median income of $74,572 also suggests neighbors with financial stability, which can contribute to a secure community feel.

For investors and real estate agents, the data points to potential in both buying and renting properties. The median rent of $1,261 indicates a steady demand for rental units, while the housing surplus could mean room to negotiate on purchases. This ZIP code’s strong home values also suggest good appreciation potential over time.

For small-business owners, the income levels and population size of ZIP 59105 signal a customer base with disposable income. Whether you’re opening a retail shop, service, or restaurant, the community’s demographics—predominantly White with some Hispanic diversity—can guide your marketing and product offerings to resonate with local preferences.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 59105? Start by visiting ZipcodeGPT to access powerful demographic and housing analysis tools tailored to your needs.
• Enter any ZIP code to uncover detailed insights on population, income, housing costs, and more, helping you make informed decisions for your next move or investment.
• Use the platform’s user-friendly interface to compare areas, spot trends, and build a data-driven strategy for your homebuying, business, or real estate goals.