ZIP 75240 - 860Z200US75240 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in the Dallas area, understanding the demographics and housing landscape of ZIP code 75240 can provide valuable clarity. Located in North Dallas, this area offers a mix of residential and commercial spaces, making it appealing to homebuyers, real estate investors, small-business owners, and analysts alike. Using the latest 2023 data, this snapshot breaks down population trends, household income, housing costs, and cultural diversity to help you make informed decisions. Let’s dive into the numbers and uncover what makes ZIP 75240 unique.

Population & Households

ZIP code 75240 is home to a population of 24,718 residents, spread across 10,649 households. This translates to an average household size of roughly 2.3 people, suggesting a mix of small families, couples, and individuals. With 12,014 total housing units in the area, there’s a notable gap between available units and occupied households—indicating potential vacancies or rental opportunities. For those eyeing this area, whether for personal residence or investment, these figures highlight a moderately dense community with room for growth or turnover in housing occupancy.

Income & Housing Costs

The median household income in ZIP 75240 stands at $56,056, reflecting a middle-income community where affordability remains within reach for many. On the housing front, the median home value is $326,600, which positions this area as a potentially attractive option for buyers seeking value in the competitive Dallas market. For renters, the median rent is $1,333 per month, indicating a significant portion of income may go toward housing costs for those not buying. These metrics suggest a balanced market where both owning and renting are viable, depending on your financial goals and lifestyle needs.

Race & Ethnicity

One of the standout characteristics of ZIP 75240 is its diverse population. The racial and ethnic composition breaks down as follows: 55.23% Hispanic, 21.8% White, 18.56% Black, and 2.29% Asian. This rich cultural tapestry makes the area a vibrant place to live or do business, offering a blend of perspectives and community dynamics. For homebuyers or business owners, this diversity can translate into a welcoming environment with opportunities to connect across different backgrounds, whether through local events, markets, or social networks.

Key Facts

• Total population: 24,718 residents, indicating a mid-sized community in North Dallas.
• Total households: 10,649, with an average size of about 2.3 people per household.
• Total housing units: 12,014, suggesting potential availability for new occupants or investors.
• Median household income: $56,056, reflecting a middle-income demographic.
• Median home value: $326,600, offering a competitive entry point for homeownership.
• Median rent: $1,333, a key consideration for renters budgeting in this area.
• Diversity: Over 55% Hispanic, with significant White and Black populations, fostering a multicultural vibe.

What This Means for You

For homebuyers, ZIP 75240 offers a compelling mix of affordability and diversity. With a median home value of $326,600, you might find opportunities to enter the Dallas market at a reasonable price point, especially compared to pricier neighboring areas. The cultural richness also means a dynamic community to call home. Investors and real estate agents should note the gap between housing units and households—12,014 versus 10,649—which could signal rental or flip potential in a market with steady demand. Small-business owners can leverage the area’s diversity and population density to target a broad customer base, particularly if your offerings resonate with multicultural audiences. Analysts, meanwhile, can use these metrics as a baseline to track trends in income growth, housing occupancy, or demographic shifts over time. Whatever your goal, these insights provide a foundation for smarter planning.

Run This Study Yourself

• Curious about other areas or want updated data for ZIP 75240? Start by visiting ZipcodeGPT to access powerful demographic tools tailored to your needs.
• Enter any ZIP code to generate a detailed report on population, income, housing, and more, just like this one.
• Use the insights to guide your next home purchase, investment decision, or business strategy with confidence.