ZIP 78617 - 860Z200US78617 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 78617, located in the greater Austin area of Texas, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of nearly 29,000 and a diverse cultural makeup, this area presents unique opportunities and challenges for homebuyers, real estate investors, small-business owners, and analysts. Drawing from the latest data, this article breaks down population trends, income levels, housing costs, and ethnic composition to help you make informed decisions.

Population & Households

ZIP 78617 is home to 28,932 residents, making it a moderately sized community with room for growth. These individuals are distributed across 8,702 households, reflecting a mix of family and individual living arrangements. With 9,201 total housing units in the area, there’s a small surplus of available homes, which could indicate potential for buyers or renters seeking options. The average household size here suggests a community with a blend of families and smaller households, catering to a variety of lifestyle needs.

Income & Housing Costs

The median household income in ZIP 78617 stands at $78,019, positioning it as a community with solid earning potential, especially for those relocating from areas with lower income averages. Housing costs align with this income level, with a median home value of $247,800—a figure that may appeal to first-time buyers or investors looking for affordable entry points near a major metro like Austin. For renters, the median rent is $1,449 per month, which reflects a competitive but manageable rental market. These figures suggest that while homeownership is within reach for many, renting remains a viable option for those not ready to buy.

Race & Ethnicity

The cultural fabric of ZIP 78617 is notably diverse, with a significant Hispanic population comprising 74.82% of residents. White residents make up 16.4%, while Black and Asian populations account for 6.04% and 1.35%, respectively. This diversity shapes the community’s identity, influencing local businesses, schools, and social dynamics. For business owners or investors, this demographic mix offers opportunities to cater to a wide range of cultural preferences and needs, while homebuyers may appreciate the vibrant, inclusive atmosphere.

Key Facts

• Total population: 28,932 residents in 2023.
• Total households: 8,702, indicating a mix of family and individual living.
• Total housing units: 9,201, suggesting some availability for new residents or investors.
• Median household income: $78,019, reflecting a stable economic base.
• Median home value: $247,800, an accessible price point near Austin.
• Median rent: $1,449, competitive for the region.
• Ethnic composition: 74.82% Hispanic, 16.4% White, 6.04% Black, 1.35% Asian.

What This Means for You

For homebuyers, ZIP 78617 offers a promising mix of affordability and growth potential. With median home values at $247,800, you can enter the market at a reasonable cost compared to pricier nearby areas, while still benefiting from proximity to Austin’s economic opportunities. The slight surplus of housing units (9,201 versus 8,702 households) may give you leverage in negotiations.

For real estate investors and agents, the data points to a market with room for appreciation. The combination of a growing population, diverse demographics, and a median income of $78,019 suggests demand for both rental and purchase properties. The rental market, with a median rent of $1,449, could provide steady cash flow for landlords.

For small-business owners, the diverse population—especially the large Hispanic community (74.82%)—presents a chance to tailor products or services to specific cultural needs. The solid median income indicates disposable income for local spending, while the population size of 28,932 ensures a sizable customer base.

For analysts, these metrics highlight ZIP 78617 as a community in transition, with economic stability and cultural richness that could drive future growth. Keep an eye on housing occupancy trends and income shifts for deeper insights.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 78617? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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• Use the insights to inform your next move, whether you’re buying a home, investing, or launching a business in a new area.