ZIP 80923 - 860Z200US80923 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP code 80923, located in Colorado Springs, Colorado, this demographic and housing snapshot offers a clear, data-driven look at the area. With a population of over 32,000 and a robust median household income, this ZIP code presents a dynamic community with strong economic indicators. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, these insights from 2023 data will help you make informed decisions about living, working, or investing in 80923.

Population & Households

ZIP 80923 is home to 32,333 residents, making it a sizable and vibrant community. The area supports 12,424 households, reflecting a strong base of families and individuals. With 12,905 total housing units, there’s a slight surplus of available homes, which could indicate opportunities for buyers or renters looking to settle in this area. This balance between population and housing suggests a stable residential environment, ideal for those seeking a well-established neighborhood with room for growth.

Income & Housing Costs

One of the standout metrics for ZIP 80923 is its median household income of $103,556, which points to a financially secure community. This higher-than-average income level supports a strong local economy, benefiting small businesses and attracting investors. On the housing front, the median home value stands at $448,800, reflecting a competitive yet accessible real estate market for a region with such income strength. For renters, the median rent is $1,997 per month, indicating a premium rental market that aligns with the area’s overall economic profile. These figures suggest that 80923 offers a solid foundation for both homeownership and rental investments.

Race & Ethnicity

The demographic makeup of ZIP 80923 showcases a diverse yet predominantly white population. Approximately 71.47% of residents identify as white, while 15.44% identify as Hispanic, 4.65% as Asian, and 3.45% as Black. This diversity contributes to a culturally rich community, offering a blend of perspectives and experiences. For businesses and investors, this mix can translate into varied consumer needs and opportunities to cater to a wide range of preferences in this Colorado Springs area.

Key Facts

• Total population: 32,333 residents, indicating a thriving community.
• Total households: 12,424, supporting a strong residential base.
• Total housing units: 12,905, suggesting slight availability for new residents.
• Median household income: $103,556, reflecting economic stability.
• Median home value: $448,800, a competitive price point for the income level.
• Median rent: $1,997, pointing to a premium rental market.
• Racial composition: 71.47% white, 15.44% Hispanic, 4.65% Asian, 3.45% Black, showcasing diversity.

What This Means for You

For homebuyers, ZIP 80923 offers a promising market with a median home value of $448,800, paired with a strong median income of over $103,000. This suggests you’re buying into a financially stable area with potential for property value growth. The slight surplus of housing units could also mean less competition when searching for your ideal home.

For real estate investors and agents, the combination of high household income and reasonable home values in 80923 signals a market ripe for investment. The premium rental rates ($1,997 median rent) further indicate strong demand for rental properties, offering potential for steady returns.

For small-business owners, the diverse population and high disposable income in this ZIP code create a fertile ground for retail, services, or dining ventures. Catering to a community with varied cultural backgrounds can help you tap into unique market segments.

For analysts, these metrics provide a clear picture of a stable, growing area with economic strength and diversity, making 80923 a noteworthy case study for regional trends in Colorado Springs.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 80923? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing, and more, tailored to your needs.
• Use the insights to inform your next move, investment, or business strategy with confidence.