ZIP 74820 - 860Z200US74820 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP code 74820, 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. This snapshot, based on 2023 data, provides a clear picture of the population, household composition, income levels, housing costs, and diversity in 74820. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights can guide your next steps with confidence.

Population & Households

ZIP code 74820 is home to a population of 31,679 residents, making it a moderately sized community with a diverse range of needs and opportunities. These individuals are distributed across 12,398 households, reflecting a mix of family structures and living arrangements. With 14,372 total housing units in the area, there’s a noticeable buffer of available properties, which could indicate room for growth or investment potential. This balance between population and housing units suggests a stable residential base, ideal for those looking to settle or establish roots in the region.

Income & Housing Costs

The median household income in ZIP 74820 stands at $62,359, positioning it as a community with a solid economic foundation. This income level supports a comfortable lifestyle for many residents and offers businesses a customer base with disposable income. On the housing front, the median house value is $177,600, which is relatively accessible compared to national averages, making it an attractive option for first-time homebuyers or investors seeking value. For renters, the median rent is $882 per month, providing an affordable alternative to homeownership and a potential revenue stream for property owners. These figures highlight a balanced market where affordability meets opportunity.

Race & Ethnicity

The demographic makeup of ZIP 74820 reflects a predominantly white population at 61.99%, with smaller but significant representation from other groups. Black residents account for 2.87% of the population, while Asian individuals make up 1.19%. The Hispanic community comprises 6.62%, adding to the cultural diversity of the area. This mix suggests a community that, while not highly diverse, offers a blend of perspectives and backgrounds. For businesses and investors, this composition can inform marketing strategies or community engagement efforts tailored to the local population.

Key Facts

• Total population: 31,679 residents, indicating a mid-sized community.
• Total households: 12,398, reflecting a stable residential base.
• Total housing units: 14,372, suggesting availability for growth or investment.
• Median household income: $62,359, supporting a comfortable economic environment.
• Median house value: $177,600, offering affordability for buyers and investors.
• Median rent: $882, providing a cost-effective option for renters.
• Racial composition: 61.99% white, 6.62% Hispanic, 2.87% Black, 1.19% Asian.

What This Means for You

For homebuyers, ZIP 74820 presents an appealing opportunity with a median house value of $177,600, which is within reach for many budgets. The availability of housing units (14,372 total) compared to households (12,398) suggests you may have options to choose from, potentially avoiding a highly competitive market. Investors and real estate agents can capitalize on this gap as well, whether through rental properties with a median rent of $882 or flipping homes in an area with steady demand. Small-business owners will find a community of 31,679 potential customers with a median household income of $62,359, indicating purchasing power for goods and services. Analysts can use these metrics to benchmark 74820 against neighboring ZIP codes or national trends, identifying unique growth patterns or investment risks. Across all groups, the demographic diversity, while moderate, supports tailored approaches to community engagement or marketing.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 74820? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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• Use the detailed reports to make informed decisions, whether you’re buying a home, investing, or planning a business venture.