ZIP 85023 - 860Z200US85023 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 85023, located in the Phoenix, Arizona area, 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 costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Whether you’re looking for a family-friendly neighborhood or a market with growth potential, understanding ZIP 85023’s profile is the first step.

Population & Households

ZIP 85023 is home to a population of 34,635 individuals, making it a moderately sized community within the Phoenix metro area. This population is distributed across 14,004 households, reflecting a mix of family and individual living arrangements. With 14,765 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could indicate availability for new residents or investors looking for rental opportunities. These figures suggest a stable community with room for growth, ideal for those seeking a balance between urban access and suburban comfort.

Income & Housing Costs

The median household income in ZIP 85023 stands at $72,442, positioning it as a middle-to-upper income area relative to national averages. This income level supports a housing market where the median home value is $359,200—a price point that may appeal to first-time buyers or investors seeking appreciating assets in the Phoenix region. For renters, the median rent is $1,429 per month, reflecting a competitive rental market that aligns with the area’s income demographics. These financial metrics indicate that ZIP 85023 offers a blend of affordability and value, particularly for those looking to buy or lease in a growing market.

Race & Ethnicity

The racial and ethnic composition of ZIP 85023 highlights a diverse community, which can be a draw for those seeking an inclusive environment. The population is 55.64% White, 26.41% Hispanic, 6.91% Black, and 5.79% Asian, with the remaining percentage comprising other or mixed-race individuals. This diversity fosters a culturally rich neighborhood, offering opportunities for businesses catering to varied tastes and preferences, as well as a welcoming atmosphere for families and individuals from different backgrounds.

Key Facts

• Total population: 34,635 residents, offering a sizable community with suburban appeal.
• Total households: 14,004, indicating a mix of family and single-occupancy homes.
• Total housing units: 14,765, suggesting potential availability for new residents or rentals.
• Median household income: $72,442, reflecting a solid economic base for the area.
• Median home value: $359,200, a competitive price in the Phoenix housing market.
• Median rent: $1,429, aligning with the income levels of local renters.
• Diverse demographics: 55.64% White, 26.41% Hispanic, 6.91% Black, and 5.79% Asian.

What This Means for You

For homebuyers, ZIP 85023 presents a promising opportunity with median home values at $359,200, which could be within reach for many, especially given the median household income of $72,442. The slight surplus of housing units suggests you might find options to suit your needs, whether you’re a first-time buyer or looking to upgrade. Real estate investors and agents can take note of the rental market, where a median rent of $1,429 indicates demand—potentially a good fit for buy-to-rent strategies in a diverse and growing community. Small-business owners will appreciate the cultural diversity and population size of 34,635, which offers a broad customer base for businesses ranging from retail to services tailored to varied demographics. Finally, analysts can use these metrics to benchmark ZIP 85023 against other Phoenix-area ZIP codes, identifying trends in housing affordability and population growth.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 85023? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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