ZIP 85031 - 860Z200US85031 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 85031, located in the Phoenix, Arizona area, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of over 30,000 and a predominantly Hispanic cultural makeup, this area presents unique opportunities and challenges for homebuyers, real estate investors, small-business owners, and analysts. Drawing from the latest data, we’ll break down key metrics like income, housing costs, and racial composition to help you make informed decisions.

Population & Households

ZIP 85031 is home to a population of 30,681 residents as of 2023. This sizable community is distributed across 8,443 households, indicating an average household size of roughly 3.6 people. For families or individuals looking to settle here, this suggests a vibrant, densely populated area with a strong sense of community. The total number of housing units stands at 8,816, which means there’s a small surplus of units compared to households, potentially offering some flexibility for new residents or investors seeking rental properties.

Income & Housing Costs

The median household income in ZIP 85031 is $59,641, reflecting a moderate earning level that aligns with many working-class communities. For homebuyers, this income figure provides context for affordability when paired with housing costs. The median house value here is $240,300, which is relatively accessible compared to broader Phoenix metro trends, making it an attractive option for first-time buyers or investors looking for value. Meanwhile, the median rent is $1,503 per month, a significant expense for renters but indicative of demand in the area. Small-business owners can use this data to gauge the purchasing power of local customers, while investors might see rental income potential given the rent-to-income ratio.

Race & Ethnicity

The cultural fabric of ZIP 85031 is notably diverse, with a strong Hispanic presence. Approximately 79.23% of the population identifies as Hispanic, shaping the area’s identity, local businesses, and community events. White residents make up 12.76% of the population, while Black residents account for 4.66%, and Asian residents represent just 0.36%. This demographic breakdown is crucial for businesses tailoring products or services to the majority demographic, as well as for families seeking a culturally rich environment with a predominant Hispanic influence.

Key Facts

• Total population: 30,681 residents in 2023, offering a sizable market for businesses and services.
• Total households: 8,443, with an average household size of about 3.6 people.
• Total housing units: 8,816, suggesting a slight availability of unoccupied units.
• Median household income: $59,641, indicating moderate affordability for residents.
• Median house value: $240,300, a competitive price point for Phoenix-area real estate.
• Median rent: $1,503, reflecting strong rental demand in the area.
• Hispanic population: 79.23%, highlighting a culturally distinct community.

What This Means for You

For homebuyers, ZIP 85031 offers a chance to enter the housing market at a median value of $240,300, which could be a smart entry point in a growing metro area like Phoenix. The larger household sizes suggest family-friendly neighborhoods, though renters should budget carefully with median rents at $1,503. Investors and real estate agents can capitalize on the slight surplus of housing units (8,816 units vs. 8,443 households) and the rental demand, potentially turning properties into steady income streams. Small-business owners should note the predominantly Hispanic demographic (79.23%) and tailor offerings—think culturally relevant products, bilingual services, or community-focused marketing—to resonate with the majority of residents. Finally, analysts can use these metrics to benchmark ZIP 85031 against neighboring areas, identifying trends in income, housing, or population growth for deeper studies.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 85031? 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 insights tailored to your needs.
• Use the detailed reports to inform your next home purchase, investment, or business strategy with confidence.