ZIP 62059 - 860Z200US62059 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 62059 for a home purchase, investment opportunity, or business venture, understanding the local demographics and housing landscape is essential. Located in a unique community, this area offers a small population with distinct characteristics that can influence real estate decisions and market potential. Drawing from the latest 2023 data, this snapshot provides a clear picture of population, income, housing costs, and racial composition in ZIP 62059. Whether you’re a homebuyer, investor, agent, or small-business owner, these insights will help you make informed choices.

Population & Households

ZIP 62059 is home to a total population of 811 residents. This smaller community size can appeal to those seeking a tight-knit environment or a less crowded market for business and real estate opportunities. The area comprises 275 households, indicating a relatively low density of occupied homes. With 366 total housing units, there’s a notable number of unoccupied or potentially available properties, which could signal opportunities for buyers or investors looking to enter this market.

Income & Housing Costs

The median household income in ZIP 62059 stands at $37,656, reflecting a modest economic base. For homebuyers, this income level suggests affordability may be a key consideration when evaluating properties. The median house value in this area is $37,200, which is notably low compared to many national averages, presenting a potentially accessible entry point for first-time buyers or investors seeking value-driven opportunities. For renters, the median rent is $950 per month, which aligns with the income levels and could indicate a stable rental market for landlords or property managers.

Race & Ethnicity

The racial and ethnic composition of ZIP 62059 offers a glimpse into the cultural fabric of the community. The population is predominantly Black, making up 94.45% of residents, while White residents account for 1.11%, and Hispanic individuals represent 2.59%. There are no reported Asian residents in this data set. This demographic makeup may influence community dynamics, local business offerings, and cultural considerations for those looking to relocate or invest in the area. Understanding these factors can help tailor real estate strategies or business plans to resonate with the local population.

Key Facts

• Total population in ZIP 62059: 811 residents.
• Total households: 275, indicating a small, close-knit community.
• Total housing units: 366, with potential availability for new occupants.
• Median household income: $37,656, reflecting a modest economic profile.
• Median house value: $37,200, offering affordability for buyers and investors.
• Median rent: $950, suggesting a balanced rental market.
• Racial composition: 94.45% Black, 1.11% White, 2.59% Hispanic.

What This Means for You

For homebuyers, ZIP 62059 presents an affordable housing market with a median home value of $37,200, making it an attractive option for those on a budget or looking to enter the real estate market at a lower cost. Investors and real estate agents should note the surplus of housing units (366 total versus 275 households), which could indicate opportunities for flipping properties or developing rental portfolios, especially given the reasonable median rent of $950. Small-business owners might find value in catering to a predominantly Black community, tailoring products or services to meet local cultural and economic needs. Analysts can use this data to benchmark ZIP 62059 against neighboring areas, identifying trends in affordability and demographic shifts that could impact future growth.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 62059? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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