ZIP 62959 - 860Z200US62959 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 62959, understanding the area’s demographic and housing landscape is essential. Located in a region with a diverse community and stable economic indicators, this ZIP code offers a snapshot of life in a mid-sized American locale. With data from 2023, this article breaks down population stats, household dynamics, income levels, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions.

Population & Households

ZIP 62959 is home to a population of 27,779 residents, making it a moderately sized community with a mix of urban and suburban characteristics. This population is distributed across 11,692 households, reflecting a variety of family structures and living arrangements. Additionally, there are 12,997 total housing units in the area, indicating a slight surplus of available homes compared to occupied households. This balance suggests potential opportunities for buyers or renters looking to settle in the region.

Income & Housing Costs

The median household income in ZIP 62959 stands at $69,914, positioning it as a community with a solid economic foundation. This income level supports a comfortable lifestyle for many residents and indicates a market with purchasing power for local businesses. On the housing front, the median home value is $166,200, which offers an accessible entry point for first-time buyers or investors seeking affordable properties. For renters, the median rent is $895 per month, providing a cost-effective alternative to homeownership in a market where housing costs remain reasonable compared to national averages.

Race & Ethnicity

The demographic makeup of ZIP 62959 reflects a predominantly white population at 87.28%, with smaller but significant representation from other racial and ethnic groups. Black residents account for 4.79% of the population, while Asian individuals make up 1.89%. Additionally, 2.9% of the population identifies as Hispanic. This composition points to a community with a strong cultural core and growing diversity, which can influence local businesses, schools, and community services. Understanding these dynamics is key for anyone looking to integrate into or serve this area.

Key Facts

• Total population: 27,779 residents in 2023, offering a mid-sized community feel.
• Total households: 11,692, reflecting a mix of family and individual living arrangements.
• Total housing units: 12,997, suggesting availability for new residents or investors.
• Median household income: $69,914, indicating a stable economic base.
• Median home value: $166,200, an accessible price point for many buyers.
• Median rent: $895, providing affordable rental options.
• Racial composition: 87.28% white, 4.79% Black, 1.89% Asian, and 2.9% Hispanic.

What This Means for You

For homebuyers, ZIP 62959 presents an attractive opportunity with a median home value of $166,200, which is within reach for many budgets. The slight surplus of housing units (12,997 total units versus 11,692 households) suggests you may have room to negotiate or find a property that fits your needs. Renters can also benefit from a median rent of $895, which is manageable for those earning near the area’s median income of $69,914.

For real estate investors and agents, the data points to a stable market with potential for growth. The income levels and housing costs indicate a community with consistent demand, while the availability of units could mean opportunities for rental properties or flips. Keeping an eye on the demographic trends, especially the gradual diversification, can help tailor marketing strategies to a broader audience.

For small-business owners, the population of 27,779 and median income of $69,914 signal a customer base with disposable income. The racial and ethnic diversity, though modest, suggests a need for inclusive products and services that resonate with varied cultural backgrounds. Establishing a business here could tap into a reliable local market.

For analysts, the numbers provide a clear picture of a balanced community with economic stability and housing affordability. These metrics can serve as a benchmark for comparing other ZIP codes or forecasting future trends in the area.

Run This Study Yourself

• Curious about diving deeper into ZIP 62959 or exploring another area? Start by visiting ZipcodeGPT for a user-friendly platform to analyze demographic and housing data.
• Enter any ZIP code to access up-to-date stats on population, income, housing, and more, tailored to your specific interests.
• Use the insights to make data-driven decisions for your next home purchase, investment, or business venture.