ZIP 75247 - 860Z200US75247 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 75247 for a home purchase, investment opportunity, or business venture, understanding the area’s demographic and housing landscape is essential. Located in Dallas, Texas, this ZIP code offers a unique profile that can inform your decisions. This snapshot, based on 2023 data, breaks down key metrics like population, household income, housing costs, and racial composition to help you assess whether 75247 aligns with your goals. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights provide a clear starting point for evaluating this area.

Population & Households

ZIP 75247 is home to a small population of 833 residents as of 2023. This compact community is spread across 288 households, indicating a relatively low density of people per household. With 338 total housing units in the area, there’s a modest surplus of units compared to occupied households, which could suggest some availability for new residents or investors looking to acquire property. This smaller population size might appeal to those seeking a less crowded environment within an urban setting like Dallas.

Income & Housing Costs

The median household income in ZIP 75247 stands at $20,274, which is notably lower than many other areas in the Dallas region. This figure suggests that affordability could be a key factor for residents and potential buyers in this ZIP code. While data on median house values is unavailable for 2023, the median rent of $1,218 provides a useful benchmark for understanding housing costs. For renters or investors, this rent level indicates a moderate cost of living compared to higher-end Dallas neighborhoods, potentially offering opportunities for affordable housing or rental investments.

Race & Ethnicity

The racial and ethnic composition of ZIP 75247 reflects a diverse community. Black residents make up the largest group at 39.74% of the population, followed by Hispanic residents at 30.13%, and White residents at 24.37%. Data on Asian residents is not available for this year. This diversity can be a significant draw for those who value multicultural environments, whether for personal living, community engagement, or business outreach. Understanding this mix can help tailor strategies for small businesses or real estate marketing in the area.

Key Facts

• Total population in ZIP 75247: 833 residents as of 2023.
• Total households: 288, averaging about 2.9 people per household.
• Total housing units: 338, with some units potentially vacant or available.
• Median household income: $20,274, indicating a lower-income community.
• Median rent: $1,218 per month, a moderate cost for the Dallas area.
• Racial composition: 39.74% Black, 30.13% Hispanic, 24.37% White.

What This Means for You

For homebuyers, ZIP 75247 could represent an affordable entry point into the Dallas market, especially for those comfortable with lower median incomes and moderate rental costs. The small population and surplus housing units might mean less competition for available properties, though you’ll want to investigate further into home values and neighborhood amenities.

For investors and real estate agents, the data suggests potential in rental properties given the $1,218 median rent and the presence of unoccupied housing units. The lower income levels may point to a demand for budget-friendly housing options, which could guide investment strategies or property listings.

For small-business owners, the diverse racial makeup offers a chance to cater to a varied customer base. However, the lower median income of $20,274 suggests that pricing strategies should prioritize affordability to attract local consumers. Community-focused businesses or services could thrive by addressing specific cultural or economic needs.

For analysts, these metrics provide a baseline for deeper research into economic trends, housing demand, or demographic shifts in ZIP 75247. Pairing this data with historical trends or nearby ZIP code comparisons could uncover broader opportunities or challenges.

Run This Study Yourself

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