ZIP 74075 - 860Z200US74075 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP code 74075, understanding the local demographics and housing landscape is essential. Located in a dynamic area, this ZIP code encompasses a population of over 26,000 residents and offers a mix of housing options and income levels that cater to a variety of needs. Whether you're a homebuyer, real estate investor, small-business owner, or data analyst, this snapshot provides a clear, data-driven look at what makes ZIP 74075 unique in 2023. Let's dive into the numbers to help you make informed decisions.

Population & Households

ZIP 74075 is home to a total population of 26,693 individuals as of 2023. This sizable community is spread across 10,818 households, reflecting a diverse mix of family structures, singles, and shared living arrangements. With 12,255 total housing units in the area, there’s a notable supply of homes, though not all are occupied. This balance between population and housing suggests opportunities for growth or investment, especially for those looking to enter a market with a stable residential base.

Income & Housing Costs

The median household income in ZIP 74075 stands at $45,540, which provides a realistic benchmark for understanding the economic profile of the area. This income level indicates a community with moderate earning power, potentially appealing to first-time homebuyers or businesses targeting middle-income consumers. On the housing front, the median home value is $220,900, offering a relatively accessible entry point compared to many urban markets. For renters, the median rent is $933 per month, which aligns with the income levels and suggests affordability for a significant portion of residents. These figures highlight a balanced housing market that could suit a range of budgets and investment strategies.

Race & Ethnicity

The demographic makeup of ZIP 74075 reflects a diverse community with a variety of cultural backgrounds. The racial composition includes 69.43% White, 5.21% Black, 7.72% Asian, and 6.22% Hispanic residents. This diversity can be a draw for businesses seeking to serve a broad customer base or for families looking for an inclusive environment. Understanding these demographics can also help investors and entrepreneurs tailor their offerings to meet the needs of different cultural groups within the area.

Key Facts

• Total population: 26,693 residents, indicating a substantial community with varied needs.
• Total households: 10,818, showing a strong base of local families and individuals.
• Total housing units: 12,255, with room for potential growth in occupancy.
• Median household income: $45,540, reflecting a middle-income economic profile.
• Median home value: $220,900, offering a competitive price point for buyers.
• Median rent: $933, suggesting affordability for many renters.
• Racial diversity: Predominantly White (69.43%), with notable Asian (7.72%) and Hispanic (6.22%) populations.

What This Means for You

For homebuyers, ZIP 74075 presents an opportunity to enter a market with a median home value of $220,900, which is within reach for many, especially given the median income of $45,540. The availability of over 12,000 housing units also means you’re likely to find a property that fits your needs. Real estate investors and agents can capitalize on the gap between total housing units and occupied households, potentially targeting vacant properties for renovation or rental opportunities at a median rent of $933. Small-business owners will find a diverse population of 26,693 to serve, with a racial and ethnic mix that supports a range of products and services tailored to different cultural preferences. Finally, analysts can use these metrics as a foundation for deeper studies into local trends, economic potential, and community development in ZIP 74075.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 74075? 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 specific interests.
• Use the insights to make informed decisions, whether you’re buying a home, investing in property, or planning a business venture in the area.