ZIP 77706 - 860Z200US77706 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 77706, understanding the area’s demographic and housing landscape is essential. Located in a dynamic region, this ZIP code offers a blend of residential stability and economic potential. With a population of over 30,000 and a median household income above the national average, ZIP 77706 presents opportunities for homebuyers, real estate investors, small-business owners, and analysts alike. This article breaks down the latest 2023 data to provide a clear picture of what this area has to offer.

Population & Households

ZIP 77706 is home to a substantial population of 30,754 residents, making it a vibrant community with a sizable consumer base. These individuals are distributed across 13,317 households, reflecting a mix of family structures and living arrangements. The total number of housing units stands at 14,963, indicating a slight surplus of available properties compared to occupied households. This balance suggests potential opportunities for buyers or renters looking to settle in the area, as well as for investors eyeing vacant units.

Income & Housing Costs

Financially, ZIP 77706 stands out with a median household income of $77,644, which is notably higher than many comparable areas. This income level supports a comfortable standard of living and signals purchasing power for local businesses. On the housing front, the median home value is $238,800, offering a reasonable entry point for buyers in a market that balances affordability with value appreciation potential. For renters, the median monthly rent is $1,176, which aligns with the area’s income levels and provides a viable option for those not ready to buy. These figures highlight ZIP 77706 as a financially stable community for various stakeholders.

Race & Ethnicity

The demographic makeup of ZIP 77706 reflects a diverse community, which can be a draw for those seeking an inclusive environment. The racial composition includes 55.76% White, 23.63% Black, 4.01% Asian, and 13.03% Hispanic residents. This diversity fosters a culturally rich atmosphere, benefiting businesses that cater to varied tastes and preferences. It also suggests a welcoming environment for families and individuals from different backgrounds, making ZIP 77706 an appealing place to call home or establish roots.

Key Facts

• Total population: 30,754 residents, indicating a robust community size.
• Total households: 13,317, showing a strong base of local families and individuals.
• Total housing units: 14,963, with some availability for new occupants.
• Median household income: $77,644, reflecting solid economic stability.
• Median home value: $238,800, offering a balanced real estate market.
• Median rent: $1,176 per month, providing affordable rental options.
• Diverse population: 55.76% White, 23.63% Black, 4.01% Asian, 13.03% Hispanic.

What This Means for You

For homebuyers, ZIP 77706 offers a promising mix of affordability and community vibrancy. With a median home value of $238,800 and a slight surplus of housing units, you may find opportunities to secure a property that fits your budget and lifestyle in a diverse, welcoming area. The strong median income also suggests neighbors with financial stability, which can contribute to a secure, well-maintained community.

For investors and real estate agents, the data points to potential in both rental and purchase markets. The gap between total housing units and households (over 1,600 units) could mean vacant properties ready for investment or leasing. Additionally, the median rent of $1,176 aligns well with local income levels, supporting consistent rental demand.

For small-business owners, the population size and income levels in ZIP 77706 indicate a healthy customer base with disposable income. The area’s diversity also means you can tailor products or services to a wide range of cultural preferences, enhancing your market reach. Setting up shop here could tap into a community eager for local offerings.

For analysts, these metrics provide a snapshot of a stable, growing area. The balanced housing market, strong income figures, and diverse demographics offer a foundation for deeper studies into economic trends or social dynamics in ZIP 77706.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 77706? 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 tailored to your needs, whether you’re buying, investing, or planning a business.
• Use the insights to make informed decisions with confidence, just as we’ve done here with ZIP 77706.