ZIP 75061 - 860Z200US75061 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 75061, located in the heart of Irving, Texas, this demographic and housing snapshot offers a clear picture of the area. 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 75061 unique and how its characteristics can align with your goals.

Population & Households

ZIP 75061 is home to a substantial population of 55,839 residents, making it a vibrant and active community. This area supports 18,819 households, reflecting a mix of family structures and living arrangements. With 20,187 total housing units, there’s a slight gap between available homes and occupied households, which could indicate opportunities for investors or buyers looking for availability. The population density suggests a bustling area with potential for both residential and commercial growth, appealing to those seeking a lively environment.

Income & Housing Costs

The median household income in ZIP 75061 stands at $61,260, which provides a solid economic foundation for many residents. This income level supports a range of lifestyles and can be a key consideration for businesses targeting middle-income consumers. On the housing front, the median home value is $228,400, offering a relatively accessible entry point for homebuyers compared to pricier nearby markets. For renters, the median rent is $1,292 per month, reflecting a competitive rental market that could appeal to investors seeking steady rental income. These figures highlight ZIP 75061 as a balanced market for both owning and renting.

Race & Ethnicity

ZIP 75061 boasts a richly diverse community, with a racial and ethnic composition that shapes its cultural landscape. The population identifies as 70.9% Hispanic, making it a predominantly Hispanic area with a strong cultural influence. Other groups include 14.27% White, 7.55% Black, and 5.03% Asian residents. This diversity can be a significant draw for businesses and individuals looking to engage with or serve a multicultural population, offering unique opportunities for cultural exchange and community connection.

Key Facts

• Total population: 55,839 residents, indicating a sizable and dynamic community.
• Total households: 18,819, reflecting a mix of family and individual living arrangements.
• Total housing units: 20,187, suggesting some availability for new occupants or investors.
• Median household income: $61,260, supporting a stable middle-income demographic.
• Median home value: $228,400, an accessible price point for many buyers.
• Median rent: $1,292, pointing to a competitive rental market.
• Racial composition: 70.9% Hispanic, 14.27% White, 7.55% Black, 5.03% Asian, showcasing diversity.

What This Means for You

For homebuyers, ZIP 75061 offers a promising opportunity with a median home value of $228,400, which is relatively affordable for the region. The diverse community and sizable population also mean access to a variety of local amenities and cultural experiences. Real estate investors and agents can take note of the gap between housing units and households, which may signal potential for flipping properties or filling rental demand at a median rent of $1,292. The area’s middle-income demographic provides a stable tenant base. For small-business owners, the diverse population of 55,839 and strong Hispanic presence offer a chance to cater to niche markets or culturally specific needs, while the median income of $61,260 suggests reasonable purchasing power. Analysts can use these metrics to benchmark ZIP 75061 against neighboring areas, identifying trends in housing affordability and demographic shifts. Whether you’re buying, investing, or building a business, this area’s data points to a balanced and opportunity-rich environment.

Run This Study Yourself

• Curious about diving deeper into ZIP 75061 or comparing it with another area? Start by visiting ZipcodeGPT for a user-friendly platform to explore detailed 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 for your next home purchase, investment, or business venture with confidence.