ZIP 74006 - 860Z200US74006 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 74006, understanding the local demographics and housing landscape is essential. Located in a dynamic area, this ZIP code offers a blend of residential stability and economic potential. With a population of over 27,000 and a median household income above the national average, ZIP 74006 presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. This snapshot, based on 2023 data, breaks down key metrics to help you make informed decisions about living, investing, or operating in this community.

Population & Households

ZIP 74006 is home to a population of 27,550 residents, making it a moderately sized community with a strong residential base. These individuals are distributed across 10,838 households, reflecting a mix of family and individual living arrangements. The total number of housing units stands at 11,820, indicating a slight surplus of available homes compared to occupied households. This balance suggests potential opportunities for buyers or renters looking to settle in the area, as well as for investors eyeing vacant properties.

Income & Housing Costs

The median household income in ZIP 74006 is $74,139, a figure that points to a relatively affluent community with solid earning power. This income level supports a housing market where the median home value is $184,800, offering a reasonable entry point for buyers compared to many urban markets. For renters, the median rent is $960 per month, which aligns with the income levels and provides affordable options for those not ready to purchase. These figures highlight ZIP 74006 as a financially accessible area for a range of budgets, whether you’re looking to buy, rent, or invest.

Race & Ethnicity

The demographic makeup of ZIP 74006 reflects a predominantly white population at 73.55%, with smaller but notable representation from other groups. Black residents account for 2.99% of the population, while Asian residents make up 3.01%. Hispanic or Latino individuals represent 6.24%, adding to the cultural diversity of the area. This mix suggests a community that, while largely homogeneous, offers some diversity, which can be a draw for businesses and families seeking an inclusive environment.

Key Facts

• Total population: 27,550 residents, indicating a stable and sizable community.
• Total households: 10,838, showing a strong base of family and individual units.
• Total housing units: 11,820, with some availability for new occupants or investors.
• Median household income: $74,139, reflecting above-average earning capacity.
• Median home value: $184,800, a competitive price point for homebuyers.
• Median rent: $960, offering affordable rental options.
• Racial composition: 73.55% white, with smaller percentages of Black, Asian, and Hispanic residents.

What This Means for You

For homebuyers, ZIP 74006 offers a promising market with median home values at $184,800, making it an accessible option for first-time buyers or those relocating to a cost-effective area. The slight surplus of housing units (11,820 total versus 10,838 households) suggests you may have room to negotiate or find a property that fits your needs without intense competition. Investors and real estate agents can capitalize on this availability, targeting vacant units for rental income or resale potential, especially given the solid median income of $74,139 that supports local purchasing power. Small-business owners will find a stable customer base of over 27,000 residents, with a diverse enough demographic to cater to varied needs—think family-oriented services or niche markets for minority groups. Analysts can use these metrics to benchmark ZIP 74006 against neighboring areas, identifying trends in income, housing, or population growth for strategic planning.

Run This Study Yourself

• Curious about diving deeper into ZIP 74006 or comparing it with another area? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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