ZIP 73162 - 860Z200US73162 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 73162, located in the Oklahoma City area, this demographic and housing snapshot offers a clear picture of the community as of 2023. With a population of over 28,000 and a robust housing market, this area presents unique opportunities 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 this ZIP code.

Population & Households

ZIP 73162 is home to 28,610 residents, making it a moderately sized community with a suburban feel. These individuals are distributed across 11,641 households, reflecting a mix of family units, singles, and retirees. The total number of housing units stands at 12,454, indicating a slight surplus of available properties compared to occupied households. This balance suggests a stable housing market with room for growth or turnover, which could be appealing if you’re looking to buy or rent in the area.

Income & Housing Costs

Financially, ZIP 73162 stands out with a median household income of $89,984, which is notably higher than many surrounding areas in Oklahoma. This income level points to a community with solid earning potential, likely attracting professionals and families seeking a comfortable lifestyle. Housing costs align with this economic profile: the median home value is $234,800, offering a reasonable entry point for buyers in a market that balances affordability with value. For renters, the median rent is $1,147 per month, which is competitive for the area and income levels, making it a viable option for those not ready to purchase.

Race & Ethnicity

The demographic makeup of ZIP 73162 reflects a diverse yet predominantly white community. Approximately 61.82% of residents identify as white, followed by 14.14% Black, 5.88% Asian, and 7.71% Hispanic. This diversity contributes to a culturally rich environment, which can be a draw for families and businesses looking to engage with a varied customer or client base. Understanding this composition can help tailor services, marketing, or community involvement strategies to resonate with local residents.

Key Facts

• Total population: 28,610 residents in ZIP 73162 as of 2023.
• Total households: 11,641, with a mix of family and individual setups.
• Total housing units: 12,454, suggesting availability for new occupants.
• Median household income: $89,984, indicating strong earning potential.
• Median home value: $234,800, a balanced price for the region.
• Median rent: $1,147, offering a competitive rental market.
• Racial diversity: 61.82% white, 14.14% Black, 5.88% Asian, 7.71% Hispanic.

What This Means for You

For homebuyers, ZIP 73162 offers a promising mix of affordability and quality. With a median home value of $234,800 and a higher-than-average household income, you’re likely to find properties that hold value over time while fitting within a reasonable budget. The slight surplus of housing units also means you may have negotiating power or options to choose from.

For investors and real estate agents, the data suggests stability with potential for growth. The income levels support a market where residents can afford to rent or buy, and the diversity of the population could mean demand for varied housing types. Consider focusing on properties near community hubs to attract families or professionals.

For small-business owners, the diverse demographic and solid income base in ZIP 73162 indicate a customer pool with disposable income. Tailoring your products or services to reflect the cultural mix—whether through marketing or offerings—could help you connect with the community. Additionally, the suburban size offers visibility without overwhelming competition.

For analysts, these metrics provide a foundation for deeper market studies. The balance of housing units to households and the income-to-cost ratio are key indicators of economic health, worth tracking over time to predict trends in this ZIP code.

Run This Study Yourself

• Want to dive deeper into ZIP 73162 or compare it with another area? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
• Enter any ZIP code to access up-to-date demographic, income, and housing data tailored to your needs.
• Use the insights to inform your next move, investment, or business strategy with confidence.