ZIP 85041 - 860Z200US85041 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 85041, located in the Phoenix, Arizona area, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ll break down key metrics like population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Whether you’re eyeing a family home, a rental property, or a commercial location, understanding ZIP 85041’s profile is the first step to success.

Population & Households

ZIP 85041 is home to a substantial population of 63,881 residents as of 2023. This sizable community is distributed across 18,737 households, indicating a vibrant and active area with a mix of family and individual living arrangements. The total number of housing units stands at 19,729, suggesting a small vacancy rate and a relatively tight housing market. For those looking to settle or invest here, this points to a stable, populated region with consistent demand for residential spaces.

Income & Housing Costs

The median household income in ZIP 85041 is $70,555, reflecting a solid economic base for many residents. This income level supports a comfortable lifestyle in the context of local housing costs. The median home value is $310,100, which offers a reasonable entry point for buyers in the Phoenix metro area, especially when compared to pricier nearby ZIP codes. For renters, the median rent is $1,612 per month, indicating a significant but manageable cost for those not ready to buy. These figures suggest that ZIP 85041 strikes a balance between affordability and value, appealing to a range of budgets.

Race & Ethnicity

ZIP 85041 boasts a diverse population, with a racial and ethnic composition that reflects a rich cultural tapestry. The largest demographic group is Hispanic, making up 65.6% of the population, followed by Black residents at 15.16%, White residents at 12.99%, and Asian residents at 2.48%. This diversity creates a dynamic community, offering unique opportunities for cultural engagement and business ventures that cater to varied preferences and needs. For families and businesses alike, this mix fosters an inclusive environment with broad appeal.

Key Facts

• Total population: 63,881 residents, indicating a sizable and active community.
• Total households: 18,737, showing a strong base of family and individual units.
• Total housing units: 19,729, with limited vacancies suggesting high demand.
• Median household income: $70,555, supporting a stable economic foundation.
• Median home value: $310,100, offering a competitive price point for buyers.
• Median rent: $1,612, reflecting a significant but accessible rental market.
• Dominant demographic: Hispanic at 65.6%, highlighting a culturally rich area.

What This Means for You

For homebuyers, ZIP 85041 presents an attractive option with median home values at $310,100, which could be a smart entry into the Phoenix market before prices climb further. The diverse community and stable household income suggest a welcoming, economically sound area for families or individuals. Real estate investors and agents should note the tight housing market (19,729 units for 18,737 households), which signals potential for rental income, especially with median rents at $1,612. This area could be ideal for buy-and-hold strategies or targeting first-time buyers. Small-business owners can leverage the large, diverse population of 63,881 and the cultural mix—particularly the 65.6% Hispanic demographic—to tailor products or services, from food and retail to community-focused offerings. Analysts will find the balanced income and housing metrics useful for forecasting growth trends or identifying underserved market segments in this ZIP code.

Run This Study Yourself

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