ZIP 61801 - 860Z200US61801 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 61801 for a home purchase, real estate investment, or business opportunity, understanding the local demographics and housing landscape is essential. Located in Urbana, Illinois, this area offers a unique blend of affordability and diversity, making it a compelling choice for various stakeholders. This 2023 snapshot provides a clear, data-driven look at population, income, housing costs, and racial composition to help homebuyers, investors, agents, small-business owners, and analysts make informed decisions.

Population & Households

ZIP 61801 is home to a population of 27,755 residents as of 2023, reflecting a vibrant community with a mix of lifestyles and needs. This population is distributed across 11,200 households, indicating a moderate density of living arrangements. Whether you’re a homebuyer looking for a community with a substantial population base or a business owner assessing potential customer reach, these numbers suggest a stable and active local market.

With 13,468 total housing units in the area, there’s a notable supply of homes, though not all are occupied. This gap between total units and households hints at potential opportunities for investors or buyers seeking available properties in ZIP 61801.

Income & Housing Costs

The median household income in ZIP 61801 stands at $37,948, which is relatively modest compared to national averages. This figure is crucial for homebuyers assessing affordability and for small-business owners gauging the purchasing power of local residents. While incomes may be lower, housing costs in this area offer a counterbalance that could appeal to budget-conscious buyers or investors.

The median house value in ZIP 61801 is $184,000, positioning it as an accessible entry point for first-time homebuyers or those looking to invest in a growing market. For renters, the median rent of $950 per month provides an affordable alternative to homeownership, making this ZIP code attractive to a wide range of residents. These housing metrics suggest that ZIP 61801 could be a practical choice for those prioritizing cost-effective living or investment returns.

Race & Ethnicity

ZIP 61801 boasts a diverse population, which adds to its cultural richness and appeal for businesses and residents alike. The racial composition in 2023 breaks down as follows: 54.0% White, 16.13% Black, 16.54% Asian, and 8.95% Hispanic. This diversity can be a significant draw for small-business owners looking to cater to varied customer preferences or for families seeking an inclusive community environment.

For investors and agents, understanding this demographic mix can help tailor marketing strategies or property offerings to meet the needs of different cultural groups in ZIP 61801. The balanced representation across racial and ethnic lines also signals a community that values inclusivity, which can enhance long-term livability and business success.

Key Facts

• Total population in ZIP 61801: 27,755 residents.
• Total households: 11,200, reflecting a solid community base.
• Total housing units: 13,468, with potential availability for new occupants.
• Median household income: $37,948, indicating moderate earning levels.
• Median house value: $184,000, an affordable option for many buyers.
• Median rent: $950, offering cost-effective rental opportunities.
• Diverse population: 54.0% White, 16.13% Black, 16.54% Asian, 8.95% Hispanic.

What This Means for You

For homebuyers, ZIP 61801 presents an affordable housing market with a median home value of $184,000 and reasonable rent at $950 monthly. These figures, paired with a diverse and sizable population, make it a welcoming place to settle, especially for first-time buyers or those on a budget. The availability of housing units beyond current household numbers also suggests room to find a property that fits your needs.

Investors and real estate agents can capitalize on the gap between housing units and households in ZIP 61801, potentially identifying undervalued properties or rental opportunities. The modest median income indicates a market where affordability drives demand, which could translate to steady interest in lower-cost homes or rentals.

Small-business owners will find a diverse customer base of over 27,000 residents, with varied cultural backgrounds to cater to. While disposable income may be limited due to the $37,948 median household income, focusing on value-driven products or services could resonate well in this community. Analysts studying ZIP 61801 will appreciate the balanced demographics and housing metrics as indicators of a stable, accessible market with growth potential.

Run This Study Yourself

• Curious about other ZIP codes or want a deeper dive into ZIP 61801? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
• Enter any ZIP code to access up-to-date demographic, income, and housing data tailored to your needs.
• Use the insights to make informed decisions for homebuying, investing, or business planning with confidence.