ZIP 78640 - 860Z200US78640 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 78640, located in the vibrant region of Texas, this demographic and housing snapshot offers a clear picture of the area in 2023. With a sizable population, diverse community, and strong economic indicators, this ZIP code presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s dive into the data to help you make informed decisions about living, working, or investing in 78640.

Population & Households

ZIP 78640 is home to a robust population of 71,460 residents as of 2023, making it a dynamic and growing community. This area supports 24,360 households, reflecting a strong base of families and individuals. With 25,236 total housing units, there’s a slight surplus of homes compared to households, which could indicate availability for new residents or investors looking to enter the market. This balance suggests a community with room to grow while maintaining a stable residential foundation.

Income & Housing Costs

The economic profile of ZIP 78640 is promising, with a median household income of $88,533. This figure points to a relatively affluent area, offering financial stability for many residents and potential spending power for local businesses. Housing costs align with this income level, as the median house value stands at $291,100—a reasonable entry point for buyers in a competitive Texas market. For renters, the median rent is $1,572 per month, reflecting a significant but manageable cost for those not ready to buy. These metrics suggest that 78640 offers a balanced cost of living for a diverse range of households.

Race & Ethnicity

ZIP 78640 boasts a richly diverse population, with a racial and ethnic composition that reflects a multicultural community. The largest group is Hispanic, making up 55.31% of residents, followed by White residents at 35.83%. Black residents account for 4.62%, and Asian residents comprise 0.92%. This diversity creates a vibrant cultural landscape, which can be a draw for families seeking an inclusive environment and businesses aiming to serve a varied customer base. Understanding this mix is key for anyone looking to connect with or invest in the community of 78640.

Key Facts

• Total population: 71,460 residents in 2023, indicating a sizable and active community.
• Total households: 24,360, supporting a strong residential base.
• Total housing units: 25,236, suggesting potential availability for new residents or investors.
• Median household income: $88,533, reflecting economic stability and purchasing power.
• Median house value: $291,100, a competitive price point for homebuyers in Texas.
• Median rent: $1,572, a notable but feasible cost for renters.
• Ethnic diversity: 55.31% Hispanic, 35.83% White, 4.62% Black, and 0.92% Asian, showcasing a multicultural area.

What This Means for You

For homebuyers, ZIP 78640 offers a compelling mix of affordability and community vibrancy. With a median home value of $291,100 and a slight surplus of housing units, there may be opportunities to find a property that fits your budget and lifestyle in a diverse, welcoming area. Real estate investors and agents will note the potential for growth, as the population size and income levels suggest sustained demand for housing. The diversity of the area also means rental properties could attract a wide range of tenants, with median rents at $1,572 providing a solid return potential. Small-business owners can benefit from the $88,533 median income, which indicates disposable income for local spending, especially in a culturally rich community of over 71,000 people. Analysts can use these metrics to benchmark 78640 against other ZIP codes, identifying trends in housing and demographic shifts for strategic planning.

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