ZIP 85027 - 860Z200US85027 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 85027, located in the Phoenix, Arizona area, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of nearly 39,000 and a mix of housing options, this area presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you understand what makes this ZIP code stand out and how it might align with your goals.

Population & Households

ZIP 85027 is home to 38,986 residents, making it a moderately sized community within the greater Phoenix metro area. This population is distributed across 16,632 households, reflecting a vibrant and active residential base. The total number of housing units stands at 17,458, indicating a slight surplus of available homes or rentals compared to occupied households. This balance suggests potential opportunities for those looking to buy or rent in the area, as well as for investors eyeing vacancy rates or future demand.

Income & Housing Costs

The median household income in ZIP 85027 is $73,255, positioning it as a community with solid earning potential, especially for families and professionals. When it comes to housing, the median home value is $316,100, which offers a reasonable entry point for buyers in the Phoenix market, where prices can vary widely. For renters, the median monthly rent is $1,488, reflecting a competitive rental market that may appeal to those not yet ready to purchase. These figures provide a helpful benchmark for assessing affordability and investment returns in this area.

Race & Ethnicity

The demographic makeup of ZIP 85027 showcases a diverse community. The racial composition includes 60.52% White, 22.04% Hispanic or Latino, 7.49% Asian, and 2.47% Black or African American residents, among other groups. This diversity can be a significant draw for businesses seeking a varied customer base or for families looking for an inclusive environment. Understanding the cultural fabric of this area can also guide real estate agents and investors in tailoring their strategies to meet community needs.

Key Facts

• Total population: 38,986 residents, offering a sizable market for businesses and services.
• Total households: 16,632, indicating a strong residential foundation.
• Total housing units: 17,458, suggesting some availability for new occupants or investors.
• Median household income: $73,255, reflecting a stable economic base.
• Median home value: $316,100, a competitive price point in the Phoenix area.
• Median rent: $1,488 per month, aligning with regional rental trends.
• Diverse population: 60.52% White, 22.04% Hispanic, 7.49% Asian, and 2.47% Black.

What This Means for You

For homebuyers, ZIP 85027 offers a blend of affordability and community size, with a median home value of $316,100 that could fit a range of budgets. The slight surplus of housing units (17,458 total versus 16,632 households) might mean less competition in certain segments of the market. Real estate investors and agents can leverage the area’s diversity and steady median income of $73,255 to target both rental and purchase markets, especially with a median rent of $1,488 that suggests consistent demand. Small-business owners will find a sizable and varied customer base of nearly 39,000 people, with a cultural mix that could support niche products or services tailored to different demographics. Analysts can use these metrics as a foundation for deeper studies on housing trends or economic growth in this part of Phoenix. Whether you’re planning a move, a business launch, or an investment, these insights provide a starting point for informed decisions.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 85027? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access up-to-date population, housing, and income metrics tailored to your needs.
• Use the insights to compare areas, identify opportunities, and make data-driven decisions for your next big move or investment.