ZIP 63116 - 860Z200US63116 — Demographic Snapshot (2023)

Overview

If you're considering ZIP code 63116 in St. Louis, Missouri, as a place to live, invest, or start a business, understanding the local demographics and housing landscape is essential. This snapshot, based on 2023 data, provides a clear picture of the area's population, income levels, housing costs, and cultural diversity. Whether you're a homebuyer seeking an affordable neighborhood, an investor eyeing rental opportunities, or a small-business owner scouting a vibrant community, these insights will help you make informed decisions about ZIP 63116.

Population & Households

ZIP 63116 is home to a population of 42,470 residents, making it a moderately sized urban area with a strong community feel. These residents are distributed across 19,741 households, reflecting a mix of family and individual living arrangements. With 22,394 total housing units in the area, there’s a notable presence of both occupied and vacant properties, which could signal opportunities for buyers or investors looking to enter the market. The ratio of households to population suggests an average household size of about 2.15, indicating a blend of smaller households and potentially young families or singles in the area.

Income & Housing Costs

The median household income in ZIP 63116 stands at $60,193, positioning it as a middle-income area with reasonable affordability for many. This income level supports a housing market where the median house value is $161,100—a price point that may appeal to first-time homebuyers or those seeking value in an urban setting. For renters, the median rent is $946 per month, which aligns with the income levels and offers a cost-effective alternative to buying for those not ready to commit to homeownership. These figures suggest that ZIP 63116 strikes a balance between affordability and accessibility, making it a practical choice for diverse groups.

Race & Ethnicity

ZIP 63116 boasts a diverse cultural makeup, reflecting a vibrant and inclusive community. The racial composition includes 53.58% White, 26.7% Black, 5.23% Asian, and 9.71% Hispanic residents. This diversity can be a significant draw for businesses aiming to serve a broad customer base or for families seeking a multicultural environment. The mix of backgrounds also contributes to a rich local culture, potentially influencing everything from dining options to community events in the area.

Key Facts

• Total population: 42,470 residents, offering a sizable community for engagement or business outreach.
• Total households: 19,741, indicating a strong base of potential customers or neighbors.
• Total housing units: 22,394, with some vacancy that could present buying or investment opportunities.
• Median household income: $60,193, reflecting a stable economic foundation for many residents.
• Median house value: $161,100, an accessible entry point for homebuyers in an urban market.
• Median rent: $946, providing an affordable option for renters in the area.
• Diverse demographics: Over 46% of residents identify as non-White, fostering a multicultural environment.

What This Means for You

For homebuyers, ZIP 63116 offers a compelling mix of affordability and community. With a median house value of $161,100, it’s a feasible option for those looking to purchase in a diverse, urban neighborhood without breaking the bank. Investors and real estate agents will note the presence of over 22,000 housing units, some of which may be vacant, suggesting potential for rental properties or flips—especially with a median rent of $946 that aligns with local income levels. Small-business owners can benefit from the area’s population of over 42,000 and its cultural diversity, which could translate into a varied and loyal customer base. Analysts studying market trends will find the income and housing data useful for benchmarking ZIP 63116 against other St. Louis areas, identifying growth or investment potential.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 63116? Start by visiting ZipcodeGPT for a user-friendly way to access detailed demographic and housing data.
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