ZIP 85018 - 860Z200US85018 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 85018, located in the heart of Phoenix, Arizona, this demographic and housing snapshot offers a clear picture of the area in 2023. With a robust population, strong income levels, and a dynamic housing market, this ZIP code 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 85018 stand out and how it can align with your goals.

Population & Households

ZIP 85018 is home to a sizable population of 38,268 residents as of 2023. This figure reflects a vibrant community with a diverse mix of individuals and families. The area comprises 17,434 households, indicating a strong residential base. With 19,487 total housing units, there’s a notable supply of homes, though not all are occupied, suggesting potential availability for new residents or investors looking to enter the market. This balance of population and housing creates a stable environment for both living and business growth.

Income & Housing Costs

Financially, ZIP 85018 stands out with a median household income of $87,637, which points to a relatively affluent community compared to national averages. This income level supports a robust local economy, making it an attractive spot for businesses targeting middle- to upper-income consumers. On the housing front, the median home value is $805,800, reflecting a premium market that could appeal to buyers seeking long-term value or investors eyeing appreciation. For renters, the median rent of $1,411 per month indicates a competitive rental market, offering opportunities for landlords while still being accessible to many residents.

Race & Ethnicity

The demographic makeup of ZIP 85018 showcases a diverse yet predominantly white population, with 65.46% identifying as white. Hispanic residents make up 20.37% of the population, adding significant cultural richness to the area. Black residents account for 4.07%, and Asian residents comprise 3.21%, contributing to a varied community fabric. This diversity can be a draw for businesses and families looking for an inclusive environment, as well as for investors considering the cultural dynamics of the area.

Key Facts

• Total population in ZIP 85018: 38,268 residents in 2023.
• Total households: 17,434, supporting a strong community base.
• Total housing units: 19,487, with potential availability for new occupants.
• Median household income: $87,637, indicating solid earning power.
• Median home value: $805,800, reflecting a high-value real estate market.
• Median rent: $1,411 per month, competitive for the area’s income levels.
• Racial composition: 65.46% white, 20.37% Hispanic, 4.07% Black, 3.21% Asian.

What This Means for You

For homebuyers, ZIP 85018 offers a premium housing market with median home values at $805,800, suggesting a strong investment in a desirable area of Phoenix. The median income of $87,637 supports a comfortable lifestyle, making this ZIP code ideal for families or professionals seeking stability. Real estate investors and agents will find opportunity in the gap between total housing units (19,487) and occupied households (17,434), hinting at potential for rentals or flips, especially with median rents at $1,411. Small-business owners can leverage the area’s diversity and income levels to target a wide range of customers, particularly in retail or services catering to middle- and upper-income households. Analysts can use this data to benchmark 85018 against other ZIP codes, identifying trends in population growth, housing demand, or economic shifts. Whatever your role, these metrics provide a foundation for informed decision-making.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 85018? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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