ZIP 75062 - 860Z200US75062 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 75062 in Irving, Texas, as a place to live, invest, or start a business, understanding the local demographics and housing landscape is essential. This snapshot, based on 2023 data, offers a clear view of the population, income levels, housing costs, and cultural diversity in this dynamic area. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights can help you make informed decisions about opportunities in 75062.

Population & Households

ZIP code 75062 is home to a substantial population of 52,756 residents, making it a vibrant and active community. These individuals are distributed across 17,678 households, reflecting a mix of family sizes and living arrangements. With 18,718 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could indicate some availability for new residents or investors looking to enter the market. This balance suggests a community with room for growth while maintaining a stable residential base.

Income & Housing Costs

The median household income in ZIP 75062 stands at $70,792, positioning it as a middle-income area with reasonable earning potential for residents. This income level supports a housing market where the median home value is $254,500—a figure that may appeal to first-time buyers or investors seeking properties in an accessible price range. For renters, the median rent is $1,419 per month, reflecting a rental market that aligns with the area’s income demographics. These figures suggest that 75062 offers a balanced cost of living, making it a practical choice for families and individuals alike.

Race & Ethnicity

One of the standout features of ZIP 75062 is its rich cultural diversity. The population breakdown shows that 48.54% of residents identify as Hispanic, making this the largest demographic group in the area. White residents account for 19.74%, while Black and Asian populations make up 14.12% and 13.8%, respectively. This diverse composition creates a multicultural environment that can be a significant draw for businesses catering to varied customer bases or families seeking an inclusive community. The blend of backgrounds also contributes to a unique local identity, with potential for cultural events, diverse dining options, and community engagement.

Key Facts

• Total population: 52,756 residents, indicating a sizable and active community.
• Total households: 17,678, reflecting a mix of family and individual living arrangements.
• Total housing units: 18,718, suggesting some availability for new occupants or investors.
• Median household income: $70,792, supporting a middle-income lifestyle.
• Median home value: $254,500, an accessible entry point for many buyers.
• Median rent: $1,419, aligning with local income levels for renters.
• Diversity: Hispanic (48.54%), White (19.74%), Black (14.12%), Asian (13.8%), showcasing a multicultural hub.

What This Means for You

For homebuyers, ZIP 75062 offers a promising opportunity with median home values at $254,500, which could be within reach for many budgets, especially given the median household income of $70,792. The slight surplus of housing units may also mean less competition in certain segments of the market. Investors and real estate agents will find potential in this area’s diversity and population size—52,756 residents provide a broad tenant or buyer pool, while the rental market at $1,419 median rent suggests steady demand. Small-business owners can capitalize on the multicultural population, particularly the large Hispanic demographic (48.54%), by offering tailored products or services that resonate with local needs. Analysts can use these metrics to benchmark 75062 against neighboring ZIP codes for deeper market studies. Overall, this area presents a balanced mix of affordability, diversity, and growth potential.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 75062? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access detailed reports on population, housing, income, and more, tailored to your needs.
• Use the insights to compare areas, identify trends, and make data-driven decisions for your next move or investment.