ZIP 80516 - 860Z200US80516 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 80516, located in the vibrant area of Erie, Colorado, this demographic and housing snapshot offers a clear picture of what to expect. 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 strategic market for growth, understanding ZIP 80516’s profile is your first step.

Population & Households

ZIP 80516 is home to a substantial population of 37,107 residents as of 2023, making it a sizable community with a strong residential base. This area supports 12,960 households, reflecting a robust demand for housing and local services. With 13,163 total housing units, the region shows a slight surplus of available homes, which could indicate opportunities for buyers or renters looking to settle in a growing area. The balance between population and households suggests a mix of family-oriented and individual living arrangements, catering to diverse lifestyle needs.

Income & Housing Costs

One of the standout features of ZIP 80516 is its strong economic profile, with a median household income of $160,590. This figure points to a high-earning community, likely attracting professionals and families with significant purchasing power. On the housing front, the median home value stands at $683,600, reflecting a premium real estate market that aligns with the area’s affluent demographic. For renters, the median rent is $2,718 per month, indicating a competitive rental market that caters to those seeking quality housing without committing to ownership. These numbers highlight ZIP 80516 as a prosperous area with significant investment potential.

Race & Ethnicity

The racial and ethnic composition of ZIP 80516 offers insight into the community’s cultural makeup. The population is predominantly White at 77.31%, with smaller but notable representation from other groups: Hispanic residents account for 10.74%, Asian individuals make up 6.15%, and Black residents comprise 0.13%. This diversity, while not as pronounced as in some urban centers, still contributes to a varied social fabric that can appeal to a wide range of newcomers and businesses looking to serve a multifaceted customer base.

Key Facts

• Total population in ZIP 80516: 37,107 residents as of 2023.
• Total households: 12,960, indicating a strong residential community.
• Total housing units: 13,163, suggesting a slight availability of homes.
• Median household income: $160,590, reflecting an affluent area.
• Median home value: $683,600, pointing to a high-end real estate market.
• Median rent: $2,718 per month, indicative of a competitive rental landscape.
• Racial composition: 77.31% White, 10.74% Hispanic, 6.15% Asian, 0.13% Black.

What This Means for You

For homebuyers, ZIP 80516 presents a premium market with high home values and rents, ideal for those with the budget to invest in a prosperous, family-friendly area. The slight surplus of housing units could mean less competition for available properties, but expect to pay a premium for quality. Real estate investors and agents will find a lucrative opportunity in this high-income area, where demand for upscale homes and rentals remains strong—consider focusing on properties that cater to affluent families or professionals. Small-business owners can tap into a wealthy customer base with disposable income, making this ZIP code a promising spot for retail, dining, or service-based ventures that align with the community’s lifestyle. Analysts can use these metrics to benchmark ZIP 80516 against neighboring areas, identifying trends in income growth or housing demand for deeper market studies. Across all groups, the data underscores a stable, affluent community with room for strategic moves.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 80516? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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