ZIP 76016 - 860Z200US76016 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 76016, located in the heart of Texas, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 31,000 and a robust median household income, this ZIP code in the Arlington area presents a blend of suburban stability and diverse community dynamics. Whether you’re a homebuyer, real estate investor, small-business owner, or data analyst, these insights will help you make informed decisions about living, working, or investing in 76016.

Population & Households

ZIP 76016 is home to 31,191 residents, making it a moderately sized community with a suburban feel. These individuals are distributed across 11,063 households, reflecting a strong base of family and individual residences. The total number of housing units stands at 11,609, indicating a slight surplus of available homes or rentals compared to occupied households. This balance suggests a stable housing market with room for growth or turnover, which could be appealing if you’re looking to buy or rent in the area.

Income & Housing Costs

One of the standout metrics for ZIP 76016 is its median household income of $108,701, which points to a relatively affluent community compared to national averages. This income level supports a comfortable lifestyle and signals strong purchasing power for local businesses. On the housing front, the median home value is $311,200, reflecting a solid real estate market that could offer good long-term value for buyers or investors. For renters, the median rent is $1,854 per month, which aligns with the area’s higher income bracket but may require careful budgeting for some households.

Race & Ethnicity

The demographic makeup of ZIP 76016 showcases a diverse yet predominantly white community. About 65.35% of residents identify as white, followed by 16.51% Hispanic or Latino, 8.57% Black or African American, and 4.48% Asian. This mix of backgrounds contributes to a culturally rich environment, which can be a draw for families seeking inclusive neighborhoods or businesses aiming to serve a varied customer base. Understanding this diversity can help tailor community engagement or marketing strategies to resonate with local residents.

Key Facts

• Total population in ZIP 76016: 31,191 residents.
• Total households: 11,063, supporting a strong community base.
• Total housing units: 11,609, with slight availability over occupied homes.
• Median household income: $108,701, indicating economic stability.
• Median home value: $311,200, a competitive figure for real estate investment.
• Median rent: $1,854, reflecting the area’s higher cost of living.
• Racial composition: 65.35% white, 16.51% Hispanic, 8.57% Black, 4.48% Asian.

What This Means for You

For homebuyers, ZIP 76016 offers a promising market with a median home value of $311,200, backed by a community with strong earning potential. The slight surplus of housing units could mean opportunities to negotiate or find a property that fits your needs. Investors and real estate agents will note the area’s economic stability and diversity as positive indicators for rental demand or property appreciation over time. The median rent of $1,854 suggests a viable rental market for landlords, especially for properties catering to higher-income tenants.

Small-business owners can leverage the area’s median household income of $108,701, which points to disposable income for goods and services. The diverse population also means a broad customer base, ideal for businesses offering culturally relevant products or inclusive services. Analysts and data enthusiasts will find this snapshot a useful starting point for deeper studies into local trends, whether for market research or community planning in 76016.

Run This Study Yourself

• Want to dive deeper into ZIP 76016 or compare it with another area? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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• Use the insights to make data-driven decisions for your next home purchase, investment, or business venture.