ZIP 79924 - 860Z200US79924 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 79924, located in El Paso, Texas, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 60,000 and a diverse community, this ZIP code presents unique opportunities and challenges for homebuyers, real estate investors, agents, small-business owners, and analysts. Let’s break down the key metrics to help you make informed decisions about living, working, or investing here.

Population & Households

ZIP 79924 is home to a substantial population of 60,399 residents as of 2023. This sizable community is distributed across 21,616 households, reflecting a vibrant and active area. The total number of housing units stands at 23,009, indicating a slight surplus of available homes compared to occupied households. This could suggest opportunities for buyers or renters looking to settle in the area, as well as potential inventory for investors to consider.

Income & Housing Costs

The median household income in ZIP 79924 is $56,786, which provides a solid benchmark for understanding the economic landscape. For homebuyers and businesses, this figure helps gauge affordability and purchasing power in the community. On the housing front, the median home value is $131,200, positioning this area as relatively affordable compared to national averages. This could be an attractive entry point for first-time buyers or investors seeking value in the El Paso market.

For renters, the median rent in ZIP 79924 is $1,062 per month. This rental cost aligns reasonably with the median income, offering a balanced option for those not ready to buy. Investors and agents can use this data to assess rental demand and potential returns on investment properties in the area.

Race & Ethnicity

ZIP 79924 boasts a richly diverse population, with a racial and ethnic composition that reflects a strong cultural tapestry. The largest demographic group is Hispanic, making up 72.2% of the population. White residents account for 15.87%, while Black residents represent 7.1%, and Asian residents comprise 1.47%. This diversity can be a significant draw for businesses aiming to serve a wide customer base or for families seeking a multicultural environment to call home.

Key Facts

• Total population: 60,399 residents in 2023, indicating a sizable community.
• Total households: 21,616, with 23,009 housing units available.
• Median household income: $56,786, reflecting moderate economic stability.
• Median home value: $131,200, offering affordability for buyers.
• Median rent: $1,062, a reasonable cost for renters in the area.
• Hispanic population: 72.2%, highlighting significant cultural diversity.

What This Means for You

For homebuyers, ZIP 79924 offers an affordable entry into homeownership with a median home value of $131,200. The slight surplus of housing units (23,009 vs. 21,616 households) may provide negotiating power or more options to choose from. The median income of $56,786 suggests a community with stable earning potential, which could ease mortgage qualification for many.

For investors and agents, the combination of affordable home prices and reasonable rents ($1,062 median) points to potential for rental income or property appreciation over time. The diverse population also means a broad tenant or buyer pool, which can reduce vacancy risks if marketed effectively.

For small-business owners, the large population of 60,399 and the diverse demographic makeup—especially the 72.2% Hispanic community—offer a robust customer base. Tailoring products or services to cultural preferences could be a winning strategy in this area. Additionally, the median income level suggests moderate disposable income for local spending.

For analysts, these metrics provide a foundation for deeper market studies, whether evaluating housing trends, economic growth, or community needs. The data highlights both opportunities and areas for further research, such as occupancy rates or income distribution.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 79924? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your needs.
• Use the insights to make informed decisions for buying, investing, or launching a business with confidence.