ZIP 80031 - 860Z200US80031 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 80031, located in Westminster, Colorado, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 36,000 and a strong median household income, this ZIP code presents a vibrant community with diverse residents and robust housing metrics. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about living or working in 80031.

Population & Households

ZIP 80031 is home to 36,350 residents, making it a moderately sized community with a mix of families, professionals, and individuals. The area supports 14,628 households, reflecting a solid base of local consumers and potential customers for businesses. With 15,377 total housing units, there’s a slight surplus of homes compared to occupied households, which could indicate availability for new residents or investors looking to enter the market.

Income & Housing Costs

One of the standout metrics for ZIP 80031 is its median household income of $106,244, which suggests a financially stable community with significant purchasing power. This income level positions the area as attractive for businesses targeting middle- to upper-middle-class consumers. On the housing front, the median home value stands at $499,200, reflecting a competitive real estate market that could offer long-term value appreciation for buyers and investors. For renters, the median rent is $1,911 per month, indicating a premium rental market that aligns with the area’s income and property values.

Race & Ethnicity

The demographic makeup of ZIP 80031 showcases a diverse yet predominantly white population. Approximately 64.4% of residents identify as white, while 25.91% identify as Hispanic, making it the second-largest demographic group. Asian residents account for 5.04% of the population, and Black residents make up 0.94%. This diversity can be a draw for businesses and families seeking an inclusive community, as well as for investors looking at areas with varied cultural influences.

Key Facts

• Total population: 36,350 residents in 2023.
• Total households: 14,628, supporting a strong local consumer base.
• Total housing units: 15,377, with potential availability for new occupants.
• Median household income: $106,244, indicating financial stability.
• Median home value: $499,200, reflecting a competitive housing market.
• Median rent: $1,911, aligning with the area’s income levels.
• Racial composition: 64.4% white, 25.91% Hispanic, 5.04% Asian, 0.94% Black.

What This Means for You

For homebuyers, ZIP 80031 offers a stable and affluent community with median home values around $499,200. The slight surplus of housing units could mean opportunities to find a property, though the competitive market suggests acting quickly and working with a knowledgeable agent. The high median income also indicates good schools and amenities, which are often priorities for families.

For investors and real estate agents, the combination of high home values and a median income over $106,000 points to strong potential for property appreciation and rental income. The $1,911 median rent suggests a lucrative market for landlords, while the diversity of the population could appeal to a wide range of tenants or buyers.

For small-business owners, the sizable population of 36,350 and the high household income create a promising customer base. Whether you’re opening a retail store, restaurant, or service-based business, the diversity and financial stability of residents in 80031 can support targeted marketing and sustained growth.

For analysts, these metrics provide a foundation for deeper research into market trends, housing demand, and economic opportunities. The data reflects a balanced community with growth potential, worth monitoring for shifts in demographics or housing inventory.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 80031? Start by visiting ZipcodeGPT for a user-friendly platform to analyze local data.
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