ZIP 85008 - 860Z200US85008 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 85008, located in the heart of Phoenix, Arizona, understanding the area's demographic and housing landscape is essential. This snapshot provides a detailed look at the latest 2023 data for this vibrant community, offering valuable insights for homebuyers, real estate investors, small-business owners, and analysts. From population trends to housing costs, we’ve compiled the key metrics to help you make informed decisions about living or working in ZIP 85008.

Population & Households

ZIP 85008 is home to a sizable population of 60,499 residents as of 2023. This area supports a diverse community spread across 22,802 households, reflecting a dynamic mix of families, singles, and professionals. With 24,508 total housing units in the area, there’s a notable balance between occupied and available properties, which could signal opportunities for both renters and buyers looking to settle in this part of Phoenix. The population density and household composition make ZIP 85008 a bustling yet approachable place to call home or establish roots.

Income & Housing Costs

The median household income in ZIP 85008 stands at $61,369, positioning it as a moderately affordable area for many working families and individuals. Housing costs align with this income level, with a median house value of $323,600—a reasonable entry point for buyers in the Phoenix metro area. For renters, the median rent is $1,300 per month, offering a range of options for those not yet ready to purchase. These figures suggest that ZIP 85008 strikes a balance between affordability and value, making it an attractive option for diverse economic backgrounds.

Race & Ethnicity

The cultural fabric of ZIP 85008 is rich and varied, reflecting a predominantly Hispanic population at 56.9%. White residents make up 25.95% of the area, while Black residents account for 9.81%, and Asian residents represent 1.41%. This diversity shapes the community’s character, influencing local businesses, schools, and social spaces. For those seeking a multicultural environment, ZIP 85008 offers a welcoming blend of perspectives and traditions, which can be a significant draw for families and entrepreneurs alike.

Key Facts

• Total population: 60,499 residents in 2023, indicating a robust community size.
• Total households: 22,802, showcasing a mix of family and individual living arrangements.
• Total housing units: 24,508, with potential availability for new residents or investors.
• Median household income: $61,369, reflecting moderate earning potential.
• Median house value: $323,600, an accessible price point for Phoenix-area buyers.
• Median rent: $1,300, offering rental affordability for diverse budgets.
• Racial diversity: 56.9% Hispanic, 25.95% White, 9.81% Black, and 1.41% Asian.

What This Means for You

For homebuyers, ZIP 85008 presents a compelling opportunity with median home values at $323,600, which is competitive within the Phoenix market. The area’s diversity and population size suggest a lively community with access to amenities and cultural experiences. Real estate investors and agents should note the balance of housing units and households—there’s room for growth or rental income potential, especially with a median rent of $1,300 attracting a steady tenant base. Small-business owners can benefit from the diverse demographic, tailoring products or services to a majority Hispanic clientele while tapping into a median income level that supports discretionary spending. Analysts will find the data points useful for tracking trends in urban diversity and housing affordability in ZIP 85008, providing a foundation for deeper market studies. Whether you’re settling down or scaling up, this area offers practical advantages worth exploring.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 85008? Start by visiting ZipcodeGPT for a user-friendly platform to analyze 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 inform your next move, investment, or business strategy with confidence and precision.