ZIP 75702 - 860Z200US75702 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 75702, located in the heart of Tyler, Texas, understanding the local demographics and housing landscape is essential. This snapshot, based on 2023 data, provides a clear picture 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 tailored to your goals.

Population & Households

ZIP 75702 is home to a vibrant community of 28,095 residents. This sizable population supports a diverse and active local economy, making it an area worth exploring for various opportunities. The region comprises 8,165 households, reflecting a mix of family structures and living arrangements. With 10,273 total housing units, there’s a notable difference between occupied and available properties, which could indicate potential for growth or investment in housing stock.

Income & Housing Costs

The median household income in ZIP 75702 stands at $51,177, offering a glimpse into the economic conditions of the area. This figure suggests a moderate income level, which can influence housing affordability and consumer spending patterns. On the housing front, the median house value is $99,700, positioning this ZIP code as a relatively accessible market for first-time homebuyers or investors seeking lower entry costs. For renters, the median rent is $906 per month, which aligns with the income levels and provides options for those not ready to purchase.

Race & Ethnicity

The cultural fabric of ZIP 75702 is notably diverse, reflecting a rich blend of backgrounds. Hispanic residents make up the largest group at 49.43% of the population, followed by Black residents at 36.79%. White residents account for 11.67%, while Asian residents represent a smaller share at 0.08%. This diversity can shape community dynamics, influence local businesses, and create a unique cultural environment that appeals to a wide range of individuals and entrepreneurs.

Key Facts

• Total population: 28,095 residents, indicating a substantial community base.
• Total households: 8,165, showcasing a mix of family and individual living arrangements.
• Total housing units: 10,273, with potential availability for new occupants or development.
• Median household income: $51,177, reflecting moderate economic conditions.
• Median house value: $99,700, offering affordability for buyers and investors.
• Median rent: $906, providing a reasonable option for renters.
• Diverse population: 49.43% Hispanic, 36.79% Black, 11.67% White, and 0.08% Asian.

What This Means for You

For homebuyers, ZIP 75702 presents an affordable entry point into homeownership with a median house value of $99,700. The moderate median income of $51,177 suggests that many residents can sustain homeownership, though budgeting for additional costs is key. The diversity in the area also means a welcoming community for families of varied backgrounds.

For investors and real estate agents, the gap between total housing units (10,273) and occupied households (8,165) hints at opportunities for rental properties or renovations. The lower median house value could yield attractive returns if demand grows, especially given the sizable population of 28,095 to support housing needs.

For small-business owners, the diverse demographic makeup offers a chance to cater to a wide customer base, particularly Hispanic and Black communities, which together form over 86% of the population. With a median income of $51,177, businesses offering value-driven products or services may find a receptive market here.

For analysts, the data points to a community with economic and cultural diversity, moderate income levels, and housing affordability. These factors can inform broader studies on regional trends or targeted market analyses.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 75702? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter 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 data-driven decisions, whether you're buying a home, investing, or planning a business venture.