ZIP 85024 - 860Z200US85024 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 85024, located in the Phoenix, Arizona area, this demographic and housing snapshot offers a clear picture of the community as of 2023. With a population of over 25,000 and a robust housing market, this area presents unique opportunities and considerations for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you make informed decisions about living, investing, or operating in this vibrant ZIP code.

Population & Households

ZIP 85024 is home to 25,674 residents, making it a moderately sized community within the greater Phoenix metro area. These individuals are distributed across 10,533 households, reflecting a mix of family units, singles, and shared living arrangements. With 11,032 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 properties. This balance between population and housing suggests a stable community with room for growth.

Income & Housing Costs

Financially, ZIP 85024 stands out with a median household income of $97,759, which is notably higher than many national averages. This figure points to a relatively affluent community, likely attracting professionals and families with solid earning potential. On the housing front, the median home value is $430,400, reflecting a strong real estate market that could appeal to buyers seeking long-term value or investors eyeing appreciation. For renters, the median rent is $1,813 per month, which aligns with the area’s higher income levels but may pose a challenge for those on tighter budgets. These numbers highlight a community where cost of living is elevated, but so are the opportunities for financial stability.

Race & Ethnicity

The demographic makeup of ZIP 85024 offers insight into its cultural diversity. The population is predominantly White at 71.48%, with Hispanic or Latino residents making up 16.37% of the community. Asian residents account for 6.15%, while Black or African American individuals represent 2.26%. This composition suggests a primarily White area with a significant Hispanic presence and smaller but notable Asian and Black communities. For businesses and investors, this diversity can inform marketing strategies, product offerings, or community engagement efforts tailored to the area’s cultural fabric.

Key Facts

• Total population: 25,674 residents, indicating a mid-sized community in the Phoenix area.
• Total households: 10,533, showing a strong base of family and individual units.
• Total housing units: 11,032, with a small surplus suggesting potential availability.
• Median household income: $97,759, reflecting a financially stable population.
• Median home value: $430,400, pointing to a robust real estate market.
• Median rent: $1,813, indicative of a premium rental market.
• Racial composition: 71.48% White, 16.37% Hispanic, 6.15% Asian, 2.26% Black.

What This Means for You

For homebuyers, ZIP 85024 offers a stable, higher-income community with median home values at $430,400, suggesting a solid investment for long-term growth. However, with median rents at $1,813, affordability could be a concern for those not in the upper income brackets. Real estate investors and agents might find opportunity in the slight surplus of housing units (11,032 total units versus 10,533 households), which could translate to rental or flip potential in a market with strong demand. The high median income also supports the likelihood of reliable tenants or buyers. For small-business owners, the demographic diversity and income levels suggest a customer base with disposable income, particularly for services or products catering to families and professionals. Consider tailoring offerings to resonate with the predominant White and Hispanic populations while exploring niche markets among Asian residents. Analysts can use these metrics to benchmark ZIP 85024 against neighboring areas, identifying trends in housing demand or economic growth.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 85024? 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 data-driven decisions, whether you’re buying a home, investing, or planning a business venture.