ZIP 70517 - 860Z200US70517 — Demographic Snapshot (2023)

Overview

If you're considering ZIP code 70517 for your next home, investment property, or business location, understanding the local demographics and housing landscape is crucial. Located in Louisiana, this area offers a blend of suburban and rural characteristics, with a population of over 26,000 residents. This article breaks down the latest 2023 data on population, households, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into the numbers and uncover what makes ZIP 70517 unique.

Population & Households

ZIP 70517 is home to a total population of 26,570 individuals as of 2023. This sizable community is distributed across 9,875 households, indicating an average household size of roughly 2.7 people. For families or individuals looking to settle here, this suggests a community with a moderate density, offering a balance between neighborly connection and personal space. Additionally, the total number of housing units stands at 11,884, which points to a mix of occupied and vacant properties—potentially an opportunity for investors or buyers seeking availability.

Income & Housing Costs

Financial considerations are often at the forefront for anyone eyeing a new area. In ZIP 70517, the median household income is $58,342, reflecting a stable economic base for many residents. This income level can support a comfortable lifestyle in the context of local housing costs. The median house value here is $151,600, which is relatively affordable compared to national averages, making it an attractive option for first-time homebuyers or those looking to downsize. For renters, the median rent is $938 per month, offering a cost-effective alternative to homeownership. These figures provide a clear picture of affordability and potential return on investment for real estate stakeholders in 70517.

Race & Ethnicity

Understanding the cultural fabric of a community is essential for feeling at home or gauging market needs. In ZIP 70517, the racial composition is predominantly White at 61.74%, followed by Black or African American at 29.6%. Hispanic or Latino residents make up 4.47% of the population, while Asian residents account for 1.06%. This diversity shapes the social and economic dynamics of the area, offering a mix of perspectives and opportunities for businesses catering to varied demographics. For investors and business owners, this breakdown can inform marketing strategies or community engagement efforts.

Key Facts

• Total population in ZIP 70517: 26,570 residents as of 2023.
• Total households: 9,875, with an average size of about 2.7 people.
• Total housing units: 11,884, indicating potential availability for buyers or investors.
• Median household income: $58,342, supporting a stable local economy.
• Median house value: $151,600, an affordable entry point for homeownership.
• Median rent: $938 per month, a reasonable option for renters.
• Racial composition: 61.74% White, 29.6% Black, 4.47% Hispanic, 1.06% Asian.

What This Means for You

For homebuyers, ZIP 70517 presents an affordable housing market with a median home value of $151,600, well within reach for many budgets. The community size and household density suggest a welcoming, moderately populated area ideal for families or individuals seeking a quieter lifestyle. Real estate investors and agents should note the surplus of housing units (11,884 total versus 9,875 households), which could signal opportunities for rental properties or fixer-uppers in a market with reasonable demand. The median rent of $938 also supports a viable rental income stream. Small-business owners can leverage the diverse population and solid median income of $58,342 to target a broad customer base with disposable income for goods and services. Finally, analysts can use this data to benchmark ZIP 70517 against neighboring areas for deeper market studies or trend analysis. Whatever your goal, these insights provide a foundation for strategic planning.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 70517? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your needs.
• Use the insights to compare areas, identify opportunities, and make data-driven decisions for your home, investment, or business plans.