ZIP 75407 - 860Z200US75407 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 75407 for your next home, investment property, or business location, understanding the area’s demographic and housing landscape is essential. Located in a dynamic region, this area offers a blend of diversity, economic opportunity, and housing options that appeal to a wide range of interests. With a population of nearly 29,000 and a median household income above the national average, ZIP 75407 presents a promising snapshot for homebuyers, real estate investors, small-business owners, and analysts alike. Let’s dive into the 2023 data to uncover what makes this area stand out.

Population & Households

As of 2023, ZIP 75407 is home to 28,931 residents, making it a moderately sized community with room for growth. These individuals are distributed across 9,586 households, reflecting a mix of family structures and living arrangements. With 10,095 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could indicate availability for new residents or investors looking to enter the market. This balance suggests a stable yet accessible housing environment for those considering a move to ZIP 75407.

Income & Housing Costs

Economically, ZIP 75407 stands out with a median household income of $92,076, a figure that signals strong earning potential and financial stability for many residents. This income level supports a robust local economy, which can be a draw for businesses and investors. On the housing front, the median home value is $307,500, offering a mid-range price point that may appeal to buyers seeking value without the sticker shock of larger metro areas. For renters, the median rent is $1,867 per month, reflecting a competitive rental market that aligns with the area’s income levels. These metrics suggest that ZIP 75407 offers a balanced cost of living for both homeowners and tenants.

Race & Ethnicity

Diversity is a defining characteristic of ZIP 75407, with a racial and ethnic composition that reflects a vibrant, multicultural community. White residents make up 46.99% of the population, followed by Hispanic residents at 29.58%, Black residents at 17.06%, and Asian residents at 3.57%. This mix fosters a culturally rich environment, which can be a significant advantage for businesses catering to varied customer bases or families seeking an inclusive place to call home. Understanding this diversity can help stakeholders tailor their strategies to the unique needs and preferences of the community.

Key Facts

• Total population in ZIP 75407: 28,931 residents as of 2023.
• Total households: 9,586, indicating a mix of family and individual living arrangements.
• Total housing units: 10,095, suggesting some availability for new occupants.
• Median household income: $92,076, reflecting strong local earning power.
• Median home value: $307,500, a competitive price for potential buyers.
• Median rent: $1,867 per month, aligning with the area’s income levels.
• Diverse population: 46.99% White, 29.58% Hispanic, 17.06% Black, and 3.57% Asian.

What This Means for You

For homebuyers, ZIP 75407 offers a compelling mix of affordability and community diversity. With a median home value of $307,500, you can find properties that fit a range of budgets while settling into a culturally rich area. Real estate investors and agents will appreciate the slight surplus of housing units (10,095 total vs. 9,586 occupied), which may signal opportunities for rentals or flips, especially given the solid median income of $92,076 supporting tenant reliability. Small-business owners can leverage the diverse demographic makeup to offer products or services that resonate with a broad audience, while the strong local income suggests disposable income for consumer spending. Analysts studying market trends will find ZIP 75407’s balanced metrics a useful case study for growth potential in mid-sized communities. Whether you’re buying, investing, or building, this area provides a stable foundation to achieve your goals.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 75407? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Input any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your specific interests.
• Use the insights to make informed decisions for your home purchase, investment strategy, or business planning with confidence.