ZIP 62240 - 860Z200US62240 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 62240, understanding the local demographics and housing landscape is essential. Located in a community of just under 2,000 residents, this area offers a small-town feel with economic and housing metrics that could appeal to homebuyers, real estate investors, small-business owners, and analysts alike. Using the latest 2023 data, this snapshot provides a clear picture of population trends, income levels, housing costs, and racial composition in ZIP 62240. Let’s dive into the numbers to help you make informed decisions.

Population & Households

ZIP 62240 is home to a population of 1,994 individuals. This compact community is spread across 601 households, indicating an average household size of roughly 3.3 people. For those looking for a quieter, close-knit environment, this smaller population could be a significant draw. Additionally, the total number of housing units in the area stands at 775, suggesting some vacancy or availability for potential buyers or renters. This balance of population and housing offers a glimpse into the community’s capacity for growth or stability, depending on your perspective.

Income & Housing Costs

Economically, ZIP 62240 presents a median household income of $70,298, which reflects a solid earning base for a small community. This income level can support a comfortable lifestyle and indicates potential purchasing power for local businesses. On the housing front, the median home value is $84,800, making this area relatively affordable compared to national averages. For renters, the median rent is $835 per month, offering a cost-effective alternative to homeownership. These figures suggest that ZIP 62240 could be an attractive option for first-time buyers or investors seeking lower entry costs in the real estate market.

Race & Ethnicity

The racial and ethnic composition of ZIP 62240 is predominantly homogeneous, with 96.24% of the population identifying as White. Black residents make up 2.26% of the community, while Hispanic individuals account for 0.65%. Data for Asian residents was not available in this dataset. This demographic makeup may appeal to those seeking a less diverse environment, though it’s worth considering how this homogeneity might influence community dynamics, cultural offerings, or business opportunities targeting specific demographics.

Key Facts

• Total population in ZIP 62240: 1,994 residents.
• Total households: 601, with an average size of about 3.3 people.
• Total housing units: 775, indicating potential availability for new residents or investors.
• Median household income: $70,298, suggesting a stable economic base.
• Median home value: $84,800, offering affordability for buyers.
• Median rent: $835 per month, a reasonable cost for renters.
• Racial composition: 96.24% White, 2.26% Black, 0.65% Hispanic.

What This Means for You

For homebuyers, ZIP 62240 offers an affordable entry into homeownership with a median home value of $84,800. The median rent of $835 also makes this area a viable option if you’re not ready to buy. The small population and household count suggest a tight-knit community, ideal for families or those seeking a quieter lifestyle. Investors and real estate agents might find opportunity in the gap between total housing units (775) and occupied households (601), which could indicate vacant properties or room for development. The lower home values also present a chance for value-add investments. For small-business owners, the median income of $70,298 signals a community with disposable income to support local goods and services, though the small population means you’ll need a targeted approach to capture market share. Analysts can use these metrics to benchmark ZIP 62240 against nearby areas, focusing on affordability and demographic stability as key drivers of future growth or stagnation.

Run This Study Yourself

Want to explore ZIP 62240 or another area in greater depth? Follow these steps to uncover detailed insights tailored to your needs:

• Visit ZipcodeGPT to access a powerful tool for demographic and housing analysis.
• Enter any ZIP code to generate a comprehensive report with the latest data.
• Use the insights to inform your homebuying, investment, or business decisions with confidence.