ZIP 62040 - 860Z200US62040 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 62040 for your next home, investment property, or business location, understanding the area’s demographic and housing landscape is essential. Located in a dynamic region, this ZIP code offers a mix of affordability and diversity that can appeal to a wide range of stakeholders. With data from 2023, this snapshot provides a clear picture of population trends, income levels, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions.

Population & Households

ZIP 62040 is home to a population of 40,365 residents, making it a moderately sized community with a solid base for local businesses and real estate opportunities. These residents are distributed across 16,895 households, reflecting a community with a mix of family and individual living arrangements. The total number of housing units stands at 18,842, indicating some availability of vacant or potential rental properties for investors to explore. This balance of population and housing suggests a stable area with room for growth or development.

Income & Housing Costs

Financial metrics are critical when evaluating any area, and ZIP 62040 offers a compelling profile. The median household income here is $60,558, which points to a community with moderate earning power. This income level supports a housing market where the median house value is $106,600—a relatively affordable entry point for first-time homebuyers or investors seeking value. For renters, the median rent is $852 per month, making this area accessible for those not yet ready to buy. These figures suggest that ZIP 62040 strikes a balance between affordability and economic stability, appealing to a broad audience.

Race & Ethnicity

Diversity can shape the cultural and social fabric of a community, and ZIP 62040 reflects a varied demographic makeup. The racial composition includes 76.26% White, 8.74% Black, 1.36% Asian, and 9.04% Hispanic residents. This mix indicates a predominantly White area with notable representation from other groups, fostering a community that can support diverse businesses and cultural initiatives. For small-business owners or investors, this diversity could translate into opportunities to cater to a range of customer needs and preferences.

Key Facts

• Total population in ZIP 62040: 40,365 residents, offering a robust local market.
• Total households: 16,895, reflecting a mix of family and solo living arrangements.
• Total housing units: 18,842, suggesting potential availability for new occupants or rentals.
• Median household income: $60,558, indicating moderate economic strength.
• Median house value: $106,600, an affordable option for buyers and investors.
• Median rent: $852, providing a cost-effective choice for renters.
• Racial diversity: 76.26% White, 9.04% Hispanic, 8.74% Black, 1.36% Asian, supporting a varied community.

What This Means for You

For homebuyers, ZIP 62040 presents an affordable opportunity with a median house value of $106,600, well-suited for first-time buyers or those looking to downsize. The moderate median income of $60,558 suggests a stable community where you’re likely to find neighbors with similar financial priorities. For investors and real estate agents, the gap between total housing units (18,842) and households (16,895) hints at potential rental or flip opportunities, especially with a median rent of $852 that could attract tenants. Small-business owners can benefit from a population of over 40,000 and a diverse demographic mix, ideal for targeting varied customer bases with tailored products or services. Finally, analysts will find this data a useful benchmark for tracking trends in housing affordability and demographic shifts in similar ZIP codes.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 62040? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your needs.
• Use the insights to compare locations, identify opportunities, and make data-driven decisions for your home, investment, or business plans.