ZIP 75241 - 860Z200US75241 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 75241 in Dallas, 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 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 75241.

Population & Households

ZIP code 75241 is home to a population of 33,598 residents, making it a moderately sized community within the Dallas area. These individuals are distributed across 10,212 households, reflecting a mix of family and individual living arrangements. With 11,151 total housing units in the area, there’s a slight surplus of available homes compared to occupied households, which could indicate potential opportunities for buyers or renters looking to move in.

Income & Housing Costs

The median household income in ZIP 75241 stands at $51,171, providing a benchmark for understanding the economic profile of the area. This income level suggests a working-class community with moderate purchasing power, which can be a key consideration for businesses targeting local consumers. On the housing front, the median home value is $162,900, which is relatively affordable compared to broader Dallas metro averages, offering an accessible entry point for first-time homebuyers or investors seeking value. For renters, the median monthly rent is $1,208, reflecting a reasonable cost for those not ready to buy but still wanting to live in the area.

Race & Ethnicity

The demographic makeup of ZIP 75241 is notably diverse, with a strong representation of various racial and ethnic groups. The population identifies as 61.86% Black, 29.86% Hispanic, 4.6% White, and 0.68% Asian. This diversity shapes the cultural fabric of the community, influencing everything from local businesses to social dynamics. For investors and business owners, this mix presents opportunities to cater to a wide range of cultural preferences and needs, while homebuyers may appreciate the vibrant, inclusive environment.

Key Facts

• Total population: 33,598 residents in ZIP 75241.
• Total households: 10,212, indicating a mix of family and solo living.
• Total housing units: 11,151, suggesting some availability for new occupants.
• Median household income: $51,171, reflecting a moderate economic base.
• Median home value: $162,900, an affordable option in the Dallas area.
• Median rent: $1,208 per month, accessible for many renters.
• Racial composition: Predominantly Black (61.86%) and Hispanic (29.86%).

What This Means for You

For homebuyers, ZIP 75241 offers an affordable entry into homeownership with a median home value of $162,900, well below many other Dallas-area ZIP codes. The slight surplus of housing units could mean less competition when searching for a property. Real estate investors and agents might find value in this area’s lower price point, which could attract budget-conscious buyers or renters, especially with a median rent of $1,208 that aligns with local income levels. The diverse population also suggests potential for rental properties catering to varied tenant needs.

For small-business owners, the demographic diversity and moderate income levels in 75241 point to opportunities for culturally tailored products or services. A population of over 33,000 provides a sizable customer base, while the income data suggests focusing on value-driven offerings. Analysts can use these metrics to benchmark 75241 against neighboring areas, identifying trends in housing affordability or demographic shifts that could impact future growth.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 75241? Start by visiting ZipcodeGPT for a user-friendly way to access detailed demographic and housing data.
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• Use the data to inform your next move, whether you’re buying a home, investing, or planning a business in the area.