ZIP 74008 - 860Z200US74008 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 74008, understanding the local demographics and housing landscape is essential. Located in a vibrant area, this ZIP code offers a mix of suburban appeal and economic potential. With a population of over 32,000 and a median household income nearing six figures, ZIP 74008 presents a stable and promising environment for homebuyers, real estate investors, small-business owners, and analysts. This article breaks down the latest 2023 data to provide clear, actionable insights into what makes this area unique.

Population & Households

ZIP 74008 is home to 32,433 residents, making it a moderately sized community with room for growth and engagement. These individuals are distributed across 11,725 households, reflecting a strong base of families and individuals who contribute to the local economy and culture. The total number of housing units stands at 12,447, indicating a slight surplus of available homes compared to occupied households. This balance suggests opportunities for newcomers or investors looking to enter the market without intense competition for every property.

Income & Housing Costs

Financial stability is a key draw for ZIP 74008. The median household income here is $95,476, a figure that positions this area as an attractive spot for professionals and families seeking a comfortable lifestyle. When it comes to housing, the median home value is $303,200, reflecting a robust real estate market that holds value over time. For renters, the median rent is $1,302 per month, which aligns with the income levels and suggests that renting remains a viable option for those not ready to buy. These numbers paint a picture of a community where housing costs are balanced with earning potential, offering stability for residents and predictability for investors.

Race & Ethnicity

The demographic makeup of ZIP 74008 is predominantly White, with 72.84% of the population identifying as such. Hispanic residents make up 8.79% of the community, while Black and Asian populations are smaller, at 1.58% and 1.63%, respectively. This composition reflects a primarily homogeneous area with pockets of diversity, which can influence cultural offerings, community dynamics, and business opportunities. For those looking to connect with or serve specific demographic groups, understanding these percentages can help tailor approaches to local needs.

Key Facts

• Total population: 32,433 residents in ZIP 74008 as of 2023.
• Total households: 11,725, supporting a strong community base.
• Total housing units: 12,447, with some availability for new occupants.
• Median household income: $95,476, indicating solid earning potential.
• Median home value: $303,200, a competitive yet accessible market.
• Median rent: $1,302, offering a balanced option for non-buyers.
• Racial composition: 72.84% White, 8.79% Hispanic, with smaller Black and Asian populations.

What This Means for You

For homebuyers, ZIP 74008 offers a financially stable community with a median home value of $303,200, ideal for those looking to invest in a property with lasting value. The slight surplus of housing units means you may have some negotiating power, especially if you’re flexible with timing. Real estate investors and agents can capitalize on this market’s balance of income and housing costs—there’s potential for rental properties given the $1,302 median rent and a household base that can afford it. Small-business owners will find a sizable population of over 32,000 to serve, with disposable income suggested by the $95,476 median household income; consider businesses that cater to family needs or professional services. Analysts can use these metrics to benchmark ZIP 74008 against nearby areas, identifying trends in growth or demographic shifts for deeper studies.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 74008? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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