ZIP 80020 - 860Z200US80020 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 80020, located in the vibrant Broomfield and Westminster areas of Colorado, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of over 53,000 and a strong economic foundation, this area presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you make informed decisions about living, working, or investing in ZIP 80020.

Population & Households

ZIP 80020 is home to 53,589 residents, making it a sizable and dynamic community. These individuals are distributed across 21,077 households, reflecting a mix of family structures and living arrangements. The total number of housing units stands at 21,607, indicating a slight surplus of available homes relative to occupied households. This balance suggests a stable housing market with room for growth or turnover, which could be appealing if you’re looking to buy or invest in the area.

Income & Housing Costs

Economically, ZIP 80020 stands out with a median household income of $114,039, pointing to a relatively affluent community with strong purchasing power. This income level supports a robust local economy, which is a positive signal for small businesses and investors. On the housing front, the median home value is $570,100, reflecting a competitive real estate market with significant appreciation potential. For renters, the median rent is $2,024 per month, which aligns with the area’s higher cost of living but also indicates demand for rental properties. These figures suggest that whether you’re buying, renting, or investing, ZIP 80020 offers a market with both stability and opportunity.

Race & Ethnicity

The demographic makeup of ZIP 80020 showcases a diverse yet predominantly white community. Approximately 70.08% of residents identify as white, while 16.8% identify as Hispanic, 6.14% as Asian, and 1.24% as Black. This diversity contributes to a culturally rich environment, which can be a draw for families seeking inclusive communities or businesses aiming to serve a varied customer base. Understanding this composition can help you gauge the social fabric of the area and tailor your plans accordingly.

Key Facts

• Total population: 53,589 residents in ZIP 80020 as of 2023.
• Total households: 21,077, indicating a mix of family and individual living arrangements.
• Total housing units: 21,607, with a small surplus over occupied households.
• Median household income: $114,039, reflecting strong economic stability.
• Median home value: $570,100, signaling a competitive real estate market.
• Median rent: $2,024 per month, indicative of high demand for rentals.
• Racial composition: 70.08% white, 16.8% Hispanic, 6.14% Asian, 1.24% Black.

What This Means for You

For homebuyers, ZIP 80020 offers a stable yet competitive housing market with median home values at $570,100. The slight surplus of housing units could mean opportunities to negotiate or find a property that fits your needs, especially in a community with a high median income of $114,039, suggesting good schools and amenities. For investors and real estate agents, the combination of high home values and a median rent of $2,024 points to strong rental demand and potential for solid returns, particularly in a growing area with over 53,000 residents. For small-business owners, the affluent and diverse population provides a promising customer base with disposable income and varied needs, ideal for retail, services, or dining ventures. Finally, for analysts, these metrics highlight ZIP 80020 as a community with economic strength and cultural diversity, worth monitoring for trends in housing and consumer behavior.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 80020? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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