ZIP 70403 - 860Z200US70403 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 70403, located in Hammond, Louisiana, this demographic and housing snapshot offers a clear picture of the area. With data from 2023, we’ll break down key metrics like population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Whether you’re looking for a family-friendly community, a rental market with potential, or a place to set up shop, understanding ZIP 70403 is the first step.

Population & Households

ZIP 70403 is home to a population of 30,835 residents, making it a moderately sized community with a mix of urban and suburban characteristics. This area supports 12,006 households, reflecting a diverse range of family structures and living arrangements. With 13,577 total housing units, there’s a noticeable gap between occupied and available homes, which could signal opportunities for buyers or investors looking to fill vacant properties. The average household size here suggests a balance of families and individuals, offering a community that caters to varied lifestyles.

Income & Housing Costs

The median household income in ZIP 70403 stands at $50,547, which provides insight into the economic landscape of the area. This income level indicates a working-class to middle-income community, where affordability remains a key consideration for residents. On the housing front, the median home value is $207,600, positioning ZIP 70403 as a relatively accessible market for first-time buyers or investors seeking value. For renters, the median rent is $992 per month, which aligns with the income levels and suggests a rental market that could appeal to tenants looking for reasonable costs. These figures highlight a balance between affordability and investment potential in this ZIP code.

Race & Ethnicity

The racial and ethnic makeup of ZIP 70403 reflects a diverse community with a blend of backgrounds. White residents make up 54.82% of the population, while Black residents account for 36.78%, creating a significant presence of both groups. Hispanic individuals represent 6.03% of the population, adding to the cultural mix, while Asian residents comprise a smaller share at 0.53%. This diversity can enrich community life, offering a range of perspectives and cultural experiences that appeal to families, businesses, and investors looking for an inclusive environment.

Key Facts

• Total population: 30,835 residents, indicating a mid-sized community.
• Total households: 12,006, supporting a variety of family and individual setups.
• Total housing units: 13,577, with some vacancy potential for buyers or investors.
• Median household income: $50,547, reflecting a working to middle-income area.
• Median home value: $207,600, suggesting an accessible real estate market.
• Median rent: $992, offering affordable options for tenants.
• Racial composition: 54.82% White, 36.78% Black, 6.03% Hispanic, 0.53% Asian, showcasing diversity.

What This Means for You

For homebuyers, ZIP 70403 offers a promising market with a median home value of $207,600, which is within reach for many first-time buyers or those seeking value in a growing area. The diversity and population size suggest a vibrant community with amenities and schools that cater to families. Real estate investors and agents should note the gap between housing units and households, as the 1,571 vacant units could represent opportunities for rental properties or flips, especially with a median rent of $992 that aligns with local income levels. Small-business owners can benefit from the diverse population of over 30,000, which provides a broad customer base, while the median income of $50,547 indicates a market for affordable goods and services. Analysts will find the demographic mix and economic data useful for trend analysis or market studies, particularly in understanding housing demand and community needs in ZIP 70403.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 70403? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access detailed reports on population, housing, income, and more, tailored to your needs.
• Use the insights to make data-driven decisions for buying, investing, or launching a business in any area of interest.