ZIP 63120 - 860Z200US63120 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 63120, located in St. Louis, Missouri, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 7,000 and a distinct community profile, this ZIP code presents unique opportunities and challenges for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you make informed decisions about living, investing, or operating in 63120.

Population & Households

The total population of ZIP 63120 stands at 7,227 residents as of 2023. This community is supported by 2,765 households, indicating a moderate density of people per household. Understanding the population size and household distribution is crucial for assessing the potential customer base for businesses or the community vibe for prospective residents. Additionally, with 4,082 total housing units in the area, there’s a notable gap between occupied households and available units, which could signal opportunities for housing development or renovation projects.

Income & Housing Costs

Financial metrics provide a window into the economic landscape of ZIP 63120. The median household income here is $34,097, which is relatively modest and may reflect a community with a focus on affordability. For homebuyers and investors, the median house value of $52,300 stands out as notably low compared to national averages, potentially offering entry-level opportunities for first-time buyers or those looking to invest in fixer-uppers. Meanwhile, the median rent of $922 per month suggests a rental market that could be attractive for landlords seeking steady demand from tenants who prioritize cost-effective living.

Race & Ethnicity

The demographic composition of ZIP 63120 is predominantly African American, with 89.76% of the population identifying as Black. White residents make up 2.42% of the population, while Hispanic individuals account for 0.75%. Data for Asian residents was not available in this dataset. This racial and ethnic makeup reflects a largely homogeneous community, which can influence cultural dynamics, local businesses, and community services. For businesses and investors, understanding this composition is key to tailoring offerings or marketing strategies to resonate with the majority demographic.

Key Facts

• Total population in ZIP 63120: 7,227 residents.
• Total households: 2,765, supporting an average of about 2.6 people per household.
• Total housing units: 4,082, with a significant number of unoccupied units.
• Median household income: $34,097, indicating a lower-income community.
• Median house value: $52,300, offering affordable homeownership opportunities.
• Median rent: $922, reflecting a cost-effective rental market.
• Racial composition: 89.76% Black, 2.42% White, 0.75% Hispanic.

What This Means for You

For homebuyers, ZIP 63120 offers an affordable entry into homeownership with a median house value of just $52,300. This could be ideal for first-time buyers or those looking for budget-friendly properties, though it’s wise to assess neighborhood safety and amenities before committing. For real estate investors and agents, the low median home value combined with a sizable number of unoccupied housing units (over 1,300) suggests potential for flipping properties or developing rental units, especially given the reasonable median rent of $922. However, the modest median household income of $34,097 indicates that tenants or buyers may have limited purchasing power, so pricing strategies should reflect this reality.

For small-business owners, the population of 7,227 and the predominantly African American demographic provide a focused customer base. Businesses offering essential goods, affordable services, or culturally relevant products may find a receptive market here. Finally, analysts can use these metrics to benchmark ZIP 63120 against neighboring areas, identifying trends in housing affordability or demographic shifts that could impact future growth.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 63120? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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