ZIP 80016 - 860Z200US80016 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 80016, located in the thriving Aurora area of Colorado, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ve compiled key metrics on population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Whether you’re eyeing a family-friendly neighborhood or a market with strong economic potential, ZIP 80016 has unique characteristics worth exploring.

Population & Households

ZIP 80016 is home to a substantial population of 66,479 residents, making it a vibrant and sizable community. This area supports 23,283 households, reflecting a strong base of families and individuals. With 24,227 total housing units, there’s a slight surplus of homes relative to households, which could indicate availability for new residents or investors looking to enter the market. The population density suggests a suburban feel—spacious yet connected—ideal for those seeking a balance between urban amenities and quieter living.

Income & Housing Costs

One of the standout features of ZIP 80016 is its robust economic profile. The median household income stands at an impressive $148,421, signaling a high-earning community with significant purchasing power. This income level supports a strong housing market, where the median home value reaches $707,700. For renters, the median rent is $2,140 per month, reflecting the premium cost of living in this desirable area. These figures suggest that ZIP 80016 caters to affluent residents and offers potential for high returns on real estate investments, though affordability may be a consideration for some buyers or tenants.

Race & Ethnicity

The demographic makeup of ZIP 80016 showcases a diverse yet predominantly white community. Approximately 66.42% of residents identify as white, while 6.93% are Black, 9.94% are Asian, and 10.62% identify as Hispanic. This mix indicates a culturally varied environment, which can enrich community life and appeal to businesses targeting diverse customer bases. For families and individuals, this diversity may translate to a welcoming atmosphere with a range of perspectives and traditions.

Key Facts

• Total population: 66,479 residents, indicating a large and active community.
• Total households: 23,283, supporting a strong residential base.
• Total housing units: 24,227, suggesting some availability for new occupants.
• Median household income: $148,421, reflecting high earning potential.
• Median home value: $707,700, positioning this as a premium housing market.
• Median rent: $2,140, aligning with the area’s upscale economic profile.
• Racial composition: 66.42% white, 10.62% Hispanic, 9.94% Asian, 6.93% Black, showcasing diversity.

What This Means for You

For homebuyers, ZIP 80016 offers a high-quality living environment with a median home value of $707,700, ideal for those with the budget to invest in a premium property. The high median income suggests neighbors with financial stability, often correlating with well-maintained communities and good schools. However, be prepared for competitive pricing and consider your long-term financial planning given the elevated costs.

For real estate investors and agents, the slight surplus of housing units (24,227 vs. 23,283 households) hints at opportunities to acquire properties for rental or resale. The high median rent of $2,140 indicates strong demand for rental units, potentially yielding solid returns. Focus on properties that cater to affluent renters or buyers to maximize profitability.

For small-business owners, the affluent demographic with a median household income of $148,421 presents a lucrative customer base. Retail, dining, or service-based businesses catering to higher-income households could thrive here. Additionally, the diverse population offers a chance to tailor offerings to varied cultural preferences, enhancing market reach.

For analysts, the data points to a stable, growing suburban market with economic strength and diversity. Use these metrics to benchmark against nearby ZIP codes or to assess trends in housing demand and income growth over time.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 80016? 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, and more, tailored to your needs.
• Use the insights to make data-driven decisions for your next home purchase, investment, or business venture.