ZIP 83642 - 860Z200US83642 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 83642, located in the Meridian, Idaho area, this demographic and housing snapshot offers a clear picture of the community in 2023. With a sizable population, strong median income, and robust housing market, this area presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s dive into the data to help you understand what makes ZIP 83642 stand out and how it can align with your goals.

Population & Households

ZIP 83642 is home to a population of 58,049 residents, making it a vibrant and growing community. This population is distributed across 22,100 households, indicating a strong residential base. With 22,700 total housing units in the area, there’s a slight surplus of homes compared to households, which could suggest availability for new residents or investors looking to enter the market. This balance is worth noting if you’re evaluating the area for relocation or property investment.

Income & Housing Costs

The median household income in ZIP 83642 stands at $96,361, reflecting a financially stable community with above-average earning potential compared to national figures. This income level supports a strong housing market, where the median home value is $492,300. For renters, the median rent is $1,629 per month, which aligns with the area’s higher property values and suggests a competitive rental market. These figures indicate that ZIP 83642 is a place where residents have the means to invest in quality housing, making it appealing for both buyers and property managers.

Race & Ethnicity

The demographic makeup of ZIP 83642 offers insight into the community’s cultural fabric. The population is predominantly White at 83.02%, with smaller percentages of Black (0.64%), Asian (2.63%), and Hispanic (9.31%) residents. This composition points to a relatively homogenous area with a growing diversity, particularly among Hispanic residents. For businesses and investors, understanding this mix can help tailor services, marketing, or community engagement strategies to resonate with the local population.

Key Facts

• Total population in ZIP 83642: 58,049 residents, indicating a sizable community.
• Total households: 22,100, supporting a strong residential foundation.
• Total housing units: 22,700, suggesting potential availability for new occupants.
• Median household income: $96,361, reflecting financial stability.
• Median home value: $492,300, pointing to a high-value real estate market.
• Median rent: $1,629, indicative of a competitive rental landscape.
• Racial composition: 83.02% White, 9.31% Hispanic, 2.63% Asian, 0.64% Black.

What This Means for You

For homebuyers, ZIP 83642 offers a stable and affluent community with a median home value of $492,300, which reflects both quality and long-term value potential. The slight surplus of housing units (22,700 vs. 22,100 households) may provide some negotiating room, though the higher price point requires careful financial planning. Real estate investors and agents will find a promising market here, with strong household incomes supporting both sales and rental opportunities—median rent at $1,629 suggests solid returns for landlords. The area’s growth and income levels also hint at future appreciation potential.

For small-business owners, the population of 58,049 and median income of $96,361 signal a customer base with disposable income, ideal for retail, services, or dining ventures. The demographic breakdown, with a predominantly White population and growing Hispanic presence, can guide targeted marketing or product offerings. Analysts can use this data to benchmark ZIP 83642 against neighboring areas, identifying trends in housing demand or economic stability for deeper market studies.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 83642? 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 costs, and more, tailored to your needs.
• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business in the area.