ZIP 73120 - 860Z200US73120 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 73120, located in Oklahoma City, Oklahoma, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 34,000 and a mix of housing options, this ZIP code presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you understand the community, economy, and housing landscape.

Population & Households

ZIP 73120 is home to 34,651 residents, making it a moderately sized community within the Oklahoma City metro area. These individuals are distributed across 17,856 households, reflecting a diverse range of family structures and living arrangements. With 20,356 total housing units in the area, there’s a notable spread of occupied and vacant properties, which could signal opportunities for buyers or investors looking to enter the market.

The population density and household composition suggest a balanced community, likely appealing to families, professionals, and retirees alike. For businesses, this sizable population offers a potential customer base, while analysts can use these figures to gauge market saturation or growth potential.

Income & Housing Costs

The median household income in ZIP 73120 stands at $62,942, indicating a middle-income community with reasonable purchasing power. This income level supports a housing market where the median home value is $227,600—a price point that may be accessible for first-time buyers or those seeking value in a growing metro area. For investors, this value suggests room for appreciation, especially in a market with steady demand.

Median rent in the area is $1,045 per month, reflecting a rental market that caters to a range of budgets. This rent-to-income ratio appears sustainable for many residents, which could mean lower turnover for landlords. Whether you’re a homebuyer assessing affordability or a business owner evaluating local spending power, these figures provide a solid foundation for decision-making.

Race & Ethnicity

The demographic makeup of ZIP 73120 is diverse, with a racial composition that includes 57.12% White, 21.48% Black, 2.23% Asian, and 6.7% Hispanic residents. This mix reflects a multicultural community, which can be a draw for families seeking inclusive neighborhoods or businesses aiming to serve varied customer needs.

For real estate agents and investors, understanding this diversity can help tailor marketing strategies or identify niche opportunities. Small-business owners might also find value in catering to the cultural preferences and needs of this varied population, fostering community engagement and loyalty.

Key Facts

• Total population: 34,651 residents in 2023.
• Total households: 17,856, indicating a mix of family and individual living arrangements.
• Total housing units: 20,356, with a portion vacant and potentially available for purchase or rent.
• Median household income: $62,942, reflecting a middle-income community.
• Median home value: $227,600, offering potential affordability for buyers.
• Median rent: $1,045, suggesting a balanced rental market.
• Racial diversity: 57.12% White, 21.48% Black, 2.23% Asian, and 6.7% Hispanic.

What This Means for You

For homebuyers, ZIP 73120 offers a promising mix of affordability and community diversity. With a median home value of $227,600, you might find properties that fit a range of budgets, while the area’s population size ensures access to amenities and social connections. Consider exploring neighborhoods within this ZIP code for family-friendly or up-and-coming areas.

For investors and real estate agents, the gap between total housing units (20,356) and occupied households (17,856) hints at potential inventory to tap into. The median rent of $1,045 also suggests a stable rental market for income properties. Focus on properties that cater to the diverse demographic makeup to maximize appeal.

For small-business owners, the population of 34,651 and median income of $62,942 indicate a viable customer base with disposable income. Tailoring your products or services to the multicultural community—especially considering the significant White and Black populations—could help build a loyal clientele.

For analysts, these metrics provide a baseline for deeper market studies, whether you’re assessing housing trends, economic stability, or demographic shifts in ZIP 73120. Use this data to inform broader regional comparisons or investment forecasts.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 73120? 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 make informed decisions for buying, investing, or launching a business in any area of interest.