ZIP 59405 - 860Z200US59405 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 59405, understanding the local demographics and housing landscape is essential. Located in the heart of Montana, this area offers a blend of residential stability and economic potential. With a population of over 34,000 and a median household income of $60,509, ZIP 59405 presents a diverse community with accessible housing options. This article breaks down the latest 2023 data to provide clear, actionable insights for homebuyers, real estate investors, small-business owners, and analysts.

Population & Households

ZIP 59405 is home to 34,059 residents, making it a moderately sized community with a strong local presence. These individuals are distributed across 14,053 households, reflecting a robust residential base. The total number of housing units stands at 15,260, indicating a slight surplus of available properties compared to occupied households. This balance suggests potential opportunities for buyers or renters looking to settle in the area, as well as for investors eyeing vacant units for development or rental income.

Income & Housing Costs

The median household income in ZIP 59405 is $60,509, which provides a solid economic foundation for many families and individuals. When it comes to housing, the median home value is $236,800, offering a relatively affordable entry point for homebuyers compared to national averages in many urban markets. For renters, the median monthly rent is $947, which aligns reasonably with local income levels, making this area accessible for a range of budgets. These figures highlight ZIP 59405 as a practical choice for those seeking value in housing without sacrificing community size or amenities.

Race & Ethnicity

The demographic makeup of ZIP 59405 reflects a predominantly white population at 78.79%, with smaller but notable representation from other groups. Black residents account for 2.41% of the population, Asian residents make up 1.51%, and Hispanic or Latino individuals comprise 5.86%. This diversity, while not as pronounced as in larger metropolitan areas, contributes to a varied cultural fabric that can appeal to newcomers and businesses aiming to serve a range of customers or clients.

Key Facts

• Total population: 34,059 residents, indicating a sizable community with local economic activity.
• Total households: 14,053, showing a strong base of family and individual units.
• Total housing units: 15,260, suggesting availability for new residents or investment properties.
• Median household income: $60,509, supporting a stable middle-income demographic.
• Median home value: $236,800, offering affordability for potential buyers.
• Median rent: $947 per month, providing a reasonable option for renters.
• Racial composition: 78.79% white, 5.86% Hispanic, 2.41% Black, 1.51% Asian, reflecting moderate diversity.

What This Means for You

For homebuyers, ZIP 59405 offers a promising mix of affordability and community size. With a median home value of $236,800 and a slight surplus of housing units, you may find opportunities to secure a property at a competitive price. The median income of $60,509 also suggests that many residents can sustain homeownership, which could stabilize property values over time.

For real estate investors and agents, the gap between total housing units (15,260) and occupied households (14,053) points to potential for rental properties or flips. The median rent of $947 indicates a viable market for tenants, especially given the local income levels. Keeping an eye on vacancy trends could uncover undervalued assets in this ZIP code.

For small-business owners, a population of over 34,000 provides a substantial customer base. The moderate diversity (with Hispanic residents at 5.86% and other groups represented) means you can tailor products or services to a varied audience. Additionally, the income level supports discretionary spending for local goods and services, making this area a practical spot for retail or service-based ventures.

For analysts, the data reveals a balanced community with economic stability and housing accessibility. Comparing these metrics to neighboring ZIP codes or historical trends could yield deeper insights into growth potential or market shifts.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 59405? Start by visiting ZipcodeGPT to access powerful demographic and housing analysis tools.
• Enter any ZIP code to generate a detailed report tailored to your needs, whether you're buying, investing, or planning a business.
• Use the insights to make informed decisions with confidence, just like the breakdown provided here.