ZIP 80631 - 860Z200US80631 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 80631, located in the Greeley area of Colorado, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ve compiled key metrics on population, income, housing, and diversity to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into what makes ZIP 80631 unique and how its characteristics can align with your goals.

Population & Households

ZIP 80631 is home to a substantial population of 53,920 residents, making it a vibrant and active community. This area supports 17,685 households, reflecting a mix of family structures and living arrangements. With 18,871 total housing units, 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 population size suggests a market with enough demand to support local businesses while offering a sense of community for residents.

Income & Housing Costs

The median household income in ZIP 80631 stands at $52,470, providing insight into the economic profile of the area. This income level suggests a working-class community with moderate purchasing power, which could influence the types of businesses or services that thrive here. On the housing front, the median home value is $300,400, reflecting a market that’s accessible compared to many Colorado hotspots, yet still indicative of steady appreciation. For renters, the median rent is $1,209 per month, which aligns with the income levels and offers a viable option for those not ready to buy. These figures highlight a balanced housing market with opportunities for both investors and first-time buyers.

Race & Ethnicity

ZIP 80631 boasts a diverse population, with a racial and ethnic composition that shapes its cultural fabric. The breakdown shows 54.26% of residents identifying as Hispanic, making this the largest demographic group in the area. White residents account for 38.82%, while Black residents make up 3.28%, and Asian residents comprise 1.2%. This diversity can be a significant draw for businesses and individuals seeking an inclusive community or a customer base with varied needs and perspectives. It also points to a culturally rich environment with potential for niche markets or community-focused initiatives.

Key Facts

• Total population: 53,920 residents, indicating a sizable and dynamic community.
• Total households: 17,685, reflecting a mix of family and individual living arrangements.
• Total housing units: 18,871, suggesting some availability for new residents or investors.
• Median household income: $52,470, pointing to a moderate economic base.
• Median home value: $300,400, offering a relatively accessible entry point for buyers.
• Median rent: $1,209, providing a reasonable alternative for non-buyers.
• Diversity: Over 54% Hispanic, with significant White, Black, and Asian representation.

What This Means for You

For homebuyers, ZIP 80631 presents a market where median home values of $300,400 are within reach for many, especially compared to pricier Colorado regions. The slight surplus of housing units could mean less competition when searching for a property. Investors and real estate agents will find potential in this area’s steady home values and diverse renter pool, with median rents at $1,209 supporting a stable rental market. Small-business owners can leverage the area’s diversity and population size—over 53,000 people—to target a broad customer base, particularly with culturally tailored products or services. Analysts can use these metrics to assess growth trends or identify gaps in the local market. Whether you’re settling down, investing, or starting a venture, ZIP 80631 offers a balanced mix of affordability and opportunity.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 80631? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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