ZIP Code 75007 — Demographics & Housing Data 2023

Overview

If you’re considering a move, investment, or business opportunity in ZIP 75007, located in the vibrant Dallas-Fort Worth metroplex, this demographic and housing snapshot offers a clear picture of the area. Based on 2023 data, this analysis covers population trends, household dynamics, income levels, housing costs, and racial composition. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about this dynamic community in Carrollton, Texas.

Population & Households

ZIP 75007 is home to a substantial population of 55,050 residents, making it a bustling and active area. This population is distributed across 20,479 households, reflecting a strong residential base. With 21,347 total housing units, there’s a slight surplus of homes compared to occupied households, which could indicate some availability for new residents or investors looking for opportunities. The average household size can be inferred as roughly 2.7 people, suggesting a mix of families and smaller households in the community.

Income & Housing Costs

Financially, ZIP 75007 stands out with a median household income of $109,692, which is notably higher than many national and regional averages. This indicates a relatively affluent community with strong purchasing power, appealing to businesses and investors alike. On the housing front, the median home value is $360,100, reflecting a competitive real estate market that could offer solid returns for property investors. For renters, the median rent is $1,656 per month, which aligns with the area’s higher income levels and suggests a demand for quality rental properties. These figures highlight ZIP 75007 as a financially stable area with opportunities for both homeownership and rental investments.

Race & Ethnicity

The demographic makeup of ZIP 75007 is notably diverse, creating a rich cultural tapestry. The racial composition includes 43.73% White, 7.1% Black, 16.07% Asian, and 28.76% Hispanic residents. This diversity can be a significant draw for families and businesses seeking an inclusive environment. It also suggests a variety of cultural amenities, dining options, and community events that reflect the area’s multifaceted population. For businesses, this diversity offers a broad customer base with varied needs and preferences.

Key Facts

• Total population: 55,050 residents, indicating a sizable and active community.
• Total households: 20,479, showing a strong residential foundation.
• Median household income: $109,692, reflecting significant economic strength.
• Median home value: $360,100, pointing to a robust real estate market.
• Median rent: $1,656, suggesting a competitive rental landscape.
• Diverse population: 43.73% White, 28.76% Hispanic, 16.07% Asian, and 7.1% Black.
• Total housing units: 21,347, with some potential availability for new occupants.

What This Means for You

For homebuyers, ZIP 75007 offers a prosperous and diverse community with a median home value of $360,100, which could be a worthwhile investment given the area’s high median income of $109,692. The slight surplus of housing units might provide some negotiation room, though competition could still be stiff in this desirable area. Real estate investors and agents will find a strong market here, with opportunities in both sales and rentals—median rent at $1,656 indicates steady demand for leasing options. Small-business owners can capitalize on the affluent and diverse population of 55,050, tailoring products or services to a wide range of cultural and economic needs. Analysts can use these metrics as a benchmark to compare with neighboring ZIP codes or track trends over time, gaining deeper insights into market dynamics.

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