ZIP 80504 - 860Z200US80504 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 80504, located in northern Colorado, this demographic and housing snapshot offers a clear picture of the area in 2023. With a robust population, strong income levels, and a diverse community, this ZIP code presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the latest data to help you understand what makes 80504 stand out and how it can align with your goals.

Population & Households

ZIP 80504 is home to a sizable population of 61,305 residents as of 2023. This figure reflects a vibrant community with a significant number of households—22,824 in total. The area also has 23,359 housing units, indicating a slight surplus of available homes relative to occupied households. This balance suggests potential opportunities for buyers or renters looking to settle in a growing yet stable region. For investors and businesses, the large population base offers a substantial customer pool and workforce to tap into.

Income & Housing Costs

One of the standout metrics for ZIP 80504 is its median household income of $109,671. This figure points to a relatively affluent community, which can translate into strong purchasing power for local businesses and a stable market for real estate. On the housing front, the median home value stands at $556,500, reflecting a competitive yet attainable market for buyers with solid financial footing. For renters, the median rent is $1,895 per month, which aligns with the area’s higher income levels and suggests demand for quality rental properties. These numbers highlight 80504 as a location with economic strength and housing options for various budgets.

Race & Ethnicity

The demographic makeup of ZIP 80504 showcases a diverse yet predominantly white population. As of 2023, the racial composition is 67.94% white, 23.84% Hispanic, 2.95% Asian, and 0.57% Black. This diversity enriches the cultural fabric of the area, offering a blend of perspectives and traditions. For businesses, this mix can mean a broader customer base with varied needs and preferences. For residents and investors, it signals a community that values inclusivity, which can enhance long-term livability and appeal.

Key Facts

• Total population in ZIP 80504: 61,305 residents, indicating a sizable and active community.
• Total households: 22,824, supporting a strong local economy and housing demand.
• Total housing units: 23,359, suggesting a small buffer of available properties.
• Median household income: $109,671, reflecting economic stability and purchasing power.
• Median home value: $556,500, positioning 80504 as a competitive real estate market.
• Median rent: $1,895, indicating a robust rental market for investors.
• Racial diversity: 67.94% white, 23.84% Hispanic, 2.95% Asian, and 0.57% Black, showcasing a varied community.

What This Means for You

For homebuyers, ZIP 80504 offers a promising mix of value and quality. With a median home price of $556,500 and a strong median income of $109,671, you’re looking at a market where financial stability supports long-term investment in property. The slight surplus of housing units (23,359 versus 22,824 households) could mean less competition for available homes, giving you room to negotiate.

For real estate investors and agents, the data points to a healthy rental market with a median rent of $1,895 and a large population to draw tenants from. The area’s income levels suggest tenants can afford premium rentals, making it a smart spot for buy-to-rent strategies or property flips.

For small-business owners, the population of 61,305 and diverse demographic makeup provide a wide customer base. The high median income indicates disposable income for goods and services, while the cultural diversity offers opportunities to cater to varied tastes and needs.

For analysts, these metrics provide a foundation for deeper market studies. The balance of housing units, income strength, and diversity can inform forecasts about growth trends and economic resilience in 80504.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 80504? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access up-to-date population, housing, and income insights tailored to your needs.
• Use the detailed reports to make informed decisions for your next home purchase, investment, or business venture.