ZIP 74063 - 860Z200US74063 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 74063, understanding the local demographics and housing landscape is essential. Located in a vibrant area, this ZIP code offers a mix of residential stability and economic potential. With data from 2023, this snapshot provides a clear view of the population, income levels, housing costs, and racial composition. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights can guide your next steps in ZIP 74063.

Population & Households

ZIP 74063 is home to a population of 31,007 residents, making it a moderately sized community with room for growth and engagement. These individuals are distributed across 11,945 households, reflecting a strong residential base. The total number of housing units stands at 12,823, indicating a slight surplus of available properties compared to occupied households. This balance suggests potential opportunities for homebuyers or investors looking to enter the market in this area.

Income & Housing Costs

The median household income in ZIP 74063 is $71,569, which points to a financially stable community with solid earning potential. This income level supports a comfortable lifestyle for many residents and can attract businesses seeking a reliable customer base. On the housing front, the median home value is $187,500, offering a relatively affordable entry point for buyers compared to national averages in many regions. For renters, the median rent is $989 per month, providing a cost-effective alternative to homeownership. These figures highlight ZIP 74063 as a balanced market for both purchasing and leasing properties.

Race & Ethnicity

The demographic makeup of ZIP 74063 reflects a predominantly white population at 75.23%, with smaller percentages of other racial and ethnic groups. Black residents account for 1.43% of the population, while Asian residents make up 0.64%. Hispanic or Latino individuals represent 5.12% of the community. This composition indicates a relatively homogenous area with some diversity, which may influence cultural dynamics, business offerings, and community needs. Understanding these demographics can help tailor services or investments to the local population.

Key Facts

• Total population: 31,007 residents in ZIP 74063.
• Total households: 11,945, supporting a strong residential foundation.
• Total housing units: 12,823, with some availability for new occupants.
• Median household income: $71,569, reflecting economic stability.
• Median home value: $187,500, an accessible price point for many buyers.
• Median rent: $989, offering affordable rental options.
• Racial composition: 75.23% white, 5.12% Hispanic, with smaller percentages of other groups.

What This Means for You

For homebuyers, ZIP 74063 presents an attractive opportunity with a median home value of $187,500 and a stable community of over 31,000 residents. The slight surplus of housing units (12,823 total) compared to households (11,945) suggests you may have negotiating power or options to choose from. Real estate investors and agents can leverage the area’s affordability and income stability ($71,569 median household income) to target first-time buyers or rental properties, especially with median rent at $989. Small-business owners will find a sizable customer base and a community with disposable income to support local goods and services—consider aligning offerings with the predominantly white demographic (75.23%) while exploring niche markets among Hispanic (5.12%) and other groups. Analysts can use this data to assess growth potential or compare ZIP 74063 to neighboring areas for broader market trends. These metrics provide a foundation for informed decision-making tailored to your goals.

Run This Study Yourself

• Curious about other ZIP codes or deeper insights into ZIP 74063? Start by visiting ZipcodeGPT to access powerful demographic and housing analysis tools.
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