ZIP 75243 - 860Z200US75243 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 75243, located in the Dallas, Texas area, understanding the local demographics and housing landscape is essential. This snapshot provides a clear, data-driven look at the population, income levels, housing costs, and racial composition of this vibrant community. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about living or working in ZIP 75243. All data is based on the latest 2023 figures, offering a current perspective on this dynamic area.

Population & Households

ZIP 75243 is home to a substantial population of 63,907 residents, making it a bustling and active community. These individuals are distributed across 27,388 households, reflecting a mix of family structures and living arrangements. With 31,577 total housing units in the area, there’s a notable presence of both occupied and vacant properties, which could signal opportunities for buyers or investors looking to enter the market. The ratio of households to population suggests an average household size of about 2.3 people, indicating a blend of smaller families, couples, and potentially solo dwellers.

Income & Housing Costs

The median household income in ZIP 75243 stands at $50,357, which offers a glimpse into the economic profile of the area. This income level suggests a working-to-middle-class community, where affordability remains a key consideration for many residents. On the housing front, the median home value is $359,100, reflecting a market that may appeal to buyers seeking properties in a mid-range price bracket within the Dallas metro area. For renters, the median rent is $1,226 per month, which aligns with the income levels and indicates a rental market that could be accessible to a broad segment of the population. These figures provide a balanced view of affordability and investment potential in ZIP 75243.

Race & Ethnicity

ZIP 75243 boasts a diverse community, with a racial and ethnic composition that reflects a rich cultural tapestry. The largest demographic group is Black or African American at 43.08% of the population, followed by Hispanic or Latino residents at 23.27%. White residents make up 21.92%, while Asian individuals account for 7.15%. This diversity creates a unique environment that can appeal to a wide range of people and businesses looking for an inclusive and multifaceted community. For small-business owners, this mix may present opportunities to cater to varied cultural preferences and needs.

Key Facts

• Total population: 63,907 residents, indicating a sizable and active community.
• Total households: 27,388, with an average household size of approximately 2.3 people.
• Total housing units: 31,577, suggesting potential availability for new residents or investors.
• Median household income: $50,357, reflecting a working-to-middle-class economic base.
• Median home value: $359,100, positioning ZIP 75243 as a mid-range housing market.
• Median rent: $1,226, offering a relatively accessible rental option for many.
• Racial diversity: Predominantly Black (43.08%), with significant Hispanic (23.27%) and White (21.92%) populations.

What This Means for You

For homebuyers, ZIP 75243 offers a diverse community with housing options at a median value of $359,100, which could be attractive if you’re looking for a mid-priced market in the Dallas area. The rental costs at $1,226 median rent also suggest opportunities for those not ready to buy. Investors and real estate agents might find potential in the gap between total housing units (31,577) and occupied households (27,388), which could indicate vacant properties or room for development. The area’s diversity and population size also point to a steady demand for housing. For small-business owners, the cultural mix and population of over 63,000 provide a broad customer base with varied needs, ideal for businesses offering tailored products or services. Analysts can use these metrics to benchmark ZIP 75243 against other areas, focusing on income, housing trends, and demographic shifts to inform broader market studies.

Run This Study Yourself

• Curious about diving deeper into ZIP 75243 or comparing it with another area? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Input any ZIP code to access detailed population, housing, and income insights tailored to your needs.
• Use the generated reports to make data-driven decisions for your home search, investment strategy, or business planning.