ZIP 75040 - 860Z200US75040 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 75040, located in the Garland area of Texas, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ve compiled key metrics on population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into what makes ZIP 75040 unique and how its characteristics can align with your goals.

Population & Households

ZIP 75040 is home to a substantial population of 64,205 residents, making it a vibrant and active community. This area supports 20,524 households, reflecting a strong residential base. With 21,629 total housing units, there’s a slight surplus of homes compared to occupied households, which could indicate opportunities for buyers or investors looking for available properties. The population size also suggests a sizable customer base for local businesses, especially those catering to families and diverse groups.

Income & Housing Costs

The median household income in ZIP 75040 stands at $73,537, which points to a community with moderate to strong purchasing power. This income level can support a range of businesses, from retail to services, while also indicating that many residents can afford housing in the area. Speaking of housing, the median home value is $245,400—a figure that positions ZIP 75040 as a potentially accessible market for first-time buyers or investors seeking value compared to pricier nearby regions. For renters, the median rent is $1,670 per month, reflecting a competitive rental market that could appeal to landlords or property managers looking for steady demand.

Race & Ethnicity

ZIP 75040 boasts a richly diverse population, which shapes its cultural fabric and economic opportunities. The racial and ethnic breakdown shows Hispanic residents as the largest group at 48.49%, followed by White residents at 21.24%, Black residents at 14.95%, and Asian residents at 11.33%. This diversity can be a significant draw for businesses aiming to serve varied customer needs or for families seeking an inclusive community. It also highlights the importance of culturally tailored marketing or services for entrepreneurs and real estate professionals working in this area.

Key Facts

• Total population: 64,205 residents, offering a robust community for engagement.
• Total households: 20,524, indicating a strong residential foundation.
• Median household income: $73,537, suggesting solid economic stability.
• Median home value: $245,400, a competitive price point for buyers and investors.
• Median rent: $1,670, reflecting a healthy rental market.
• Diversity: Hispanic (48.49%), White (21.24%), Black (14.95%), Asian (11.33%).
• Total housing units: 21,629, with potential availability for new occupants.

What This Means for You

For homebuyers, ZIP 75040 offers a chance to enter a market with a median home value of $245,400, which may be more attainable than in neighboring high-cost areas. The diverse community also means a welcoming environment for families of varied backgrounds. Real estate investors and agents can take note of the slight surplus of housing units (21,629 total vs. 20,524 households), which could signal opportunities for flipping, renting, or selling to incoming residents. The median rent of $1,670 suggests consistent demand for rental properties, providing potential for stable returns.

For small-business owners, the population of 64,205 and median income of $73,537 indicate a sizable and financially capable customer base. The area’s diversity also means businesses that cater to multicultural needs—think restaurants, grocery stores, or cultural services—could thrive. Analysts will find this data useful for tracking demographic trends, housing market dynamics, or economic potential in ZIP 75040, especially given its balanced mix of affordability and diversity.

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