ZIP 85032 - 860Z200US85032 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 85032, 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 to buy a home, assess market potential, or understand the local customer base, these insights provide a solid foundation.

Population & Households

ZIP 85032 is home to a substantial population of 70,447 residents, making it a vibrant and active community. This area supports 29,044 households, reflecting a mix of family units, singles, and retirees. With 30,386 total housing units, there’s a slight surplus of properties over occupied households, which could indicate availability for new residents or investors looking for rental opportunities. This balance suggests a stable residential environment with room for growth or turnover, depending on market conditions.

Income & Housing Costs

The median household income in ZIP 85032 stands at $74,331, positioning it as a middle-to-upper income area within the broader Phoenix region. This income level supports a comfortable lifestyle for many residents and indicates purchasing power for local businesses. On the housing front, the median home value is $387,900, reflecting a competitive yet accessible real estate market for buyers with moderate to high budgets. For renters, the median rent is $1,492 per month, which aligns with the income levels and suggests a balanced cost of living for those not ready to buy. These figures provide a benchmark for affordability and investment potential in the area.

Race & Ethnicity

ZIP 85032 boasts a diverse community, with a racial and ethnic composition that reflects a blend of backgrounds. The population identifies as 58.89% White, 28.86% Hispanic, 3.85% Asian, and 3.44% Black, among other groups. This diversity creates a culturally rich environment, appealing to families and businesses seeking inclusive communities. For small-business owners, this mix offers opportunities to cater to varied customer preferences, while investors and homebuyers can appreciate the dynamic social fabric of the area.

Key Facts

• Total population: 70,447 residents, indicating a sizable community.
• Total households: 29,044, showing a strong residential base.
• Total housing units: 30,386, with some availability for new occupants.
• Median household income: $74,331, supporting a stable economic environment.
• Median home value: $387,900, reflecting a competitive housing market.
• Median rent: $1,492, aligning with local income levels.
• Diverse demographics: 58.89% White, 28.86% Hispanic, 3.85% Asian, 3.44% Black.

What This Means for You

For homebuyers, ZIP 85032 offers a promising market with median home values at $387,900, which may suit those with moderate to high budgets looking for a long-term investment in a diverse and growing area. The slight surplus of housing units over households suggests potential availability, though competition could still be present given the desirable location near Phoenix.

For real estate investors and agents, the combination of a $74,331 median income and $1,492 median rent points to a viable rental market. The data indicates that tenants in this area likely have the financial capacity to afford consistent rent payments, while the home values suggest room for appreciation over time.

For small-business owners, the population of over 70,000 and diverse demographic makeup provide a broad customer base. The income levels support discretionary spending, making this ZIP code a strong candidate for retail, services, or dining ventures tailored to varied cultural tastes.

For analysts, these metrics offer a snapshot of stability and diversity, useful for deeper market studies or comparative analyses with neighboring ZIP codes in the Phoenix metro area.

Run This Study Yourself

• Curious about other areas or want updated data for ZIP 85032? Visit ZipcodeGPT to access powerful demographic and housing insights tailored to your needs.
• Simply enter any ZIP code to generate a detailed report on population, income, housing, and more in just a few clicks.
• Use these insights to make data-driven decisions for your next home purchase, investment, or business expansion.