ZIP 80247 - 860Z200US80247 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in the Denver area, understanding the demographics and housing landscape of ZIP code 80247 can provide valuable clarity. Located in the heart of Denver, this ZIP code offers a diverse community and a mix of housing options. This snapshot, based on 2023 data, breaks down key metrics like population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions.

Population & Households

ZIP 80247 is home to a population of 29,453 residents, making it a moderately sized community within the Denver metro area. These individuals are distributed across 14,713 households, reflecting a blend of family and individual living arrangements. With 15,768 total housing units in the area, there’s a slight surplus of available homes compared to occupied households, which could indicate opportunities for buyers or renters looking to settle in this area.

Income & Housing Costs

The median household income in ZIP 80247 stands at $63,798, positioning it as a middle-income area with reasonable earning potential for residents. When it comes to housing, the median house value is $295,400, which offers a relatively accessible entry point for homebuyers compared to some of Denver’s pricier neighborhoods. For renters, the median rent is $1,754 per month, reflecting the area’s urban setting and proximity to amenities. These figures suggest a balanced market where both owning and renting are viable options depending on your financial goals.

Race & Ethnicity

The racial and ethnic composition of ZIP 80247 highlights a diverse community, which can be a draw for those seeking an inclusive environment. White residents make up 44.29% of the population, followed by Black residents at 23.05%, and Hispanic or Latino residents at 20.46%. Asian residents account for 5.06% of the population. This mix contributes to a culturally rich area, offering a variety of perspectives and experiences that can benefit businesses, schools, and social networks.

Key Facts

• Total population: 29,453 residents in 2023.
• Total households: 14,713, with a mix of family and individual setups.
• Total housing units: 15,768, indicating some availability for new occupants.
• Median household income: $63,798, reflecting a middle-income community.
• Median house value: $295,400, a competitive price in the Denver market.
• Median rent: $1,754, aligning with urban rental trends.
• Racial diversity: White (44.29%), Black (23.05%), Hispanic (20.46%), Asian (5.06%).

What This Means for You

For homebuyers, ZIP 80247 presents a promising opportunity with a median house value of $295,400, which is more attainable than many other Denver areas. The slight surplus of housing units (15,768 total units versus 14,713 households) suggests you might have room to negotiate or find a property that fits your needs. Renters can expect to pay around $1,754 monthly, so budgeting for this cost is key if you’re not ready to buy.

For real estate investors and agents, the diversity of the population and the balanced income levels ($63,798 median) indicate a stable rental and sales market. The area’s diversity could attract a wide range of tenants or buyers, while the housing surplus might offer opportunities for flipping or long-term rental investments.

For small-business owners, the population of nearly 30,000 and the cultural diversity in ZIP 80247 create a solid customer base. Whether you’re opening a retail shop, restaurant, or service-based business, the median income suggests residents have disposable income to spend locally, while the diverse demographic mix allows for tailored offerings to different cultural preferences.

For analysts, these metrics provide a clear picture of a middle-income, diverse urban area with potential for growth. The data can inform market studies, policy recommendations, or investment strategies tailored to this specific ZIP code.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 80247? Start by visiting ZipcodeGPT to access powerful demographic and housing analysis tools.
• Enter any ZIP code to generate a detailed report with the latest data, customized to your needs as a buyer, investor, or business owner.
• Use the insights to compare areas, spot trends, and make data-driven decisions with confidence.