ZIP 75042 - 860Z200US75042 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 75042 for your next home, investment, or business venture, this demographic and housing snapshot offers a clear picture of what to expect. Located in the Garland area of Texas, this ZIP code is home to a diverse population and a dynamic housing market. Using the latest 2023 data, 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 the details of ZIP 75042 and uncover the opportunities it holds.

Population & Households

ZIP 75042 is a bustling community with a total population of 38,040 residents. This sizable population supports a vibrant local economy, making it an attractive area for businesses and investors alike. The area comprises 11,359 households, reflecting a mix of family units, singles, and multi-generational living arrangements. With 11,791 total housing units, there’s a slight surplus of homes compared to households, which could indicate some availability for new residents or rental opportunities. Understanding these numbers helps paint a picture of a community with both density and potential for growth.

Income & Housing Costs

The median household income in ZIP 75042 stands at $63,531, which suggests a moderate earning capacity for residents. This income level can support a range of lifestyles and provides a benchmark for affordability when considering housing costs. Speaking of housing, the median home value in this area is $221,300, offering a relatively accessible entry point for homebuyers compared to pricier nearby markets. For renters, the median rent is $1,336 per month, which aligns with the income levels and indicates a balanced rental market. These figures are critical for assessing whether this ZIP code fits your budget or investment goals.

Race & Ethnicity

One of the standout features of ZIP 75042 is its diverse population, which contributes to a rich cultural tapestry. The racial and ethnic composition breaks down as follows: 55.27% Hispanic, 16.12% Asian, 14.98% White, and 11.34% Black, with other groups making up the remainder. This diversity can be a significant draw for businesses looking to cater to varied customer bases or for families seeking an inclusive community. Understanding the demographic makeup of this area helps stakeholders anticipate needs, from cultural amenities to targeted marketing strategies.

Key Facts

• Total population: 38,040 residents, indicating a substantial community with economic potential.
• Total households: 11,359, reflecting a mix of family and individual living arrangements.
• Total housing units: 11,791, suggesting slight availability for new occupants or investors.
• Median household income: $63,531, supporting moderate affordability for residents.
• Median home value: $221,300, an accessible price point for many homebuyers.
• Median rent: $1,336, aligning with local income levels for renters.
• Racial diversity: Predominantly Hispanic (55.27%), with significant Asian (16.12%), White (14.98%), and Black (11.34%) populations.

What This Means for You

For homebuyers, ZIP 75042 offers a compelling mix of affordability and community diversity. With a median home value of $221,300, it’s a feasible option for first-time buyers or those looking to relocate to a culturally rich area. Investors and real estate agents will note the slight surplus of housing units (11,791 vs. 11,359 households), which could signal opportunities for rental properties or flips, especially given the reasonable median rent of $1,336. Small-business owners can leverage the area’s large and diverse population of 38,040 to tap into varied customer needs, from ethnic foods to specialized services. Analysts will find the demographic data useful for market studies, particularly the income and diversity metrics that shape local demand. Whether you’re settling down, investing, or starting a venture, ZIP 75042 presents a balanced landscape to explore.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 75042? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
• Enter any ZIP code to access up-to-date demographic, housing, and income data tailored to your needs.
• Use the insights to make informed decisions for your home purchase, investment, or business strategy.