ZIP 77016 - 860Z200US77016 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 77016, located in Houston, Texas, understanding the area's demographic and housing landscape is essential. This snapshot provides a detailed look at the latest 2023 data for this vibrant community, offering insights into population, income, housing costs, and cultural diversity. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, these metrics can help you make informed decisions tailored to your goals.

Population & Households

ZIP 77016 is home to a population of 29,480 residents, making it a moderately sized community within the Houston area. These individuals are distributed across 9,806 households, reflecting a mix of family and individual living arrangements. With 11,131 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 this market. The household-to-population ratio suggests an average of about three people per household, indicating a community with a blend of families and smaller living units.

Income & Housing Costs

The median household income in ZIP 77016 stands at $46,411, which provides a clear picture of the economic environment for residents. This income level may influence affordability for potential homebuyers and the types of businesses that can thrive here. On the housing front, the median home value is $111,900, positioning this area as relatively affordable compared to broader Houston metro trends. For renters, the median rent is $1,163 per month, which aligns with the income levels and offers a viable option for those not ready to purchase. These figures are critical for assessing whether this ZIP code fits your budget or investment strategy.

Race & Ethnicity

ZIP 77016 boasts a diverse cultural makeup, with a racial and ethnic composition that reflects a rich community tapestry. The largest demographic group is Black or African American, comprising 55.8% of the population, followed by Hispanic or Latino residents at 41.74%. White residents account for 0.54%, and Asian residents make up 0.56%. This diversity can be a significant draw for businesses seeking a varied customer base or for families looking for an inclusive environment. Understanding these demographics can also guide marketing efforts or community engagement strategies for investors and entrepreneurs.

Key Facts

• Total population: 29,480 residents in ZIP 77016.
• Total households: 9,806, with an average of about three people per household.
• Total housing units: 11,131, including both occupied and vacant properties.
• Median household income: $46,411, reflecting the area’s economic profile.
• Median home value: $111,900, offering affordability in the Houston market.
• Median rent: $1,163 per month, suitable for a range of budgets.
• Diverse community: 55.8% Black, 41.74% Hispanic, with smaller White and Asian populations.

What This Means for You

For homebuyers, ZIP 77016 presents an affordable entry point into the Houston housing market with a median home value of $111,900. The diversity and community size suggest a welcoming environment for families or individuals seeking a culturally rich neighborhood. Investors and real estate agents should note the gap between total housing units and households, which may indicate potential for rental properties or fixer-uppers in a market with reasonable entry costs. The median rent of $1,163 also supports a viable rental income stream. For small-business owners, the diverse population and moderate income levels suggest opportunities for businesses catering to varied cultural needs or budget-conscious consumers—think local eateries, retail, or service-based ventures. Analysts can use these metrics to benchmark ZIP 77016 against neighboring areas or broader trends, identifying growth potential or market gaps.

Run This Study Yourself

• Curious about other ZIP codes or deeper insights into ZIP 77016? Start by visiting ZipcodeGPT to access powerful demographic and housing data tools.
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