ZIP 70131 - 860Z200US70131 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 70131, located in the New Orleans area, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of over 25,000 and a diverse cultural makeup, this area presents unique opportunities and challenges for homebuyers, real estate investors, small-business owners, and analysts. Drawing from the latest data, we’ll break down key metrics like income, housing costs, and racial composition to help you make informed decisions about living or working in 70131.

Population & Households

ZIP 70131 is home to a population of 25,460 residents as of 2023. These individuals are spread across 10,223 households, indicating an average household size of roughly 2.5 people. The total number of housing units in the area stands at 12,070, suggesting a mix of occupied and vacant properties. For families or individuals looking to settle here, this balance of population and household density points to a community that’s neither overly crowded nor sparsely populated, offering a suburban feel within reach of urban amenities.

Income & Housing Costs

The median household income in ZIP 70131 is $64,294, reflecting a moderate earning capacity that can support a comfortable lifestyle for many. Housing costs align with this income level, with a median house value of $236,200—a figure that may appeal to first-time buyers or investors seeking properties in an accessible price range. For renters, the median monthly rent is $1,057, which is reasonable compared to larger metropolitan averages. These numbers suggest that 70131 offers a balanced cost of living, making it a viable option for those looking to buy or rent without stretching their budgets too thin.

Race & Ethnicity

The demographic makeup of ZIP 70131 is notably diverse, which can enrich community life and business opportunities. The racial composition includes 61.59% Black residents, 19.98% White residents, 4.17% Asian residents, and 11.1% Hispanic or Latino residents. This diversity fosters a multicultural environment, which could be a draw for families seeking inclusive neighborhoods or businesses aiming to serve a varied customer base. Understanding this breakdown can help stakeholders anticipate cultural needs and preferences in 70131.

Key Facts

• Total population: 25,460 residents in ZIP 70131 as of 2023.
• Total households: 10,223, with an average size of about 2.5 people.
• Total housing units: 12,070, including both occupied and vacant properties.
• Median household income: $64,294, indicating moderate earning potential.
• Median house value: $236,200, accessible for many buyers and investors.
• Median rent: $1,057 per month, competitive for the region.
• Racial diversity: Predominantly Black (61.59%), with significant White (19.98%) and Hispanic (11.1%) populations.

What This Means for You

For homebuyers, ZIP 70131 offers a promising mix of affordability and community diversity. The median home value of $236,200 is within reach for many, and the area’s household density suggests a stable, family-friendly environment. Real estate investors and agents might find opportunities in the gap between total housing units (12,070) and occupied households (10,223), indicating potential for rental or flip properties. The moderate median rent of $1,057 also supports a steady rental market. Small-business owners can leverage the area’s diverse population of 25,460 to target a wide customer base, especially with a median income of $64,294 suggesting disposable income for goods and services. Finally, analysts can use these metrics to assess growth trends or community needs in 70131, particularly in housing and economic development.

Run This Study Yourself

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