ZIP 85048 - 860Z200US85048 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 85048, 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 you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights provide a foundation for understanding the dynamics of this vibrant area.

Population & Households

ZIP 85048 is home to a population of 34,113 residents, making it a moderately sized community with a mix of families, professionals, and retirees. The area supports 13,421 households, reflecting a strong residential base. With 14,369 total housing units, there’s a slight surplus of homes compared to occupied households, which could indicate some availability for new residents or investors looking for rental opportunities. This balance suggests a stable yet growing community, ideal for those seeking a suburban feel with access to urban amenities in the greater Phoenix region.

Income & Housing Costs

One of the standout metrics for ZIP 85048 is its median household income of $123,198, which is notably higher than many surrounding areas. This figure points to a relatively affluent population with significant purchasing power, a key consideration for businesses and investors. On the housing front, the median home value stands at $538,500, reflecting a robust real estate market that could offer long-term value appreciation. For renters, the median rent is $1,995 per month, indicating a premium rental market that aligns with the area’s income levels. These numbers suggest that ZIP 85048 is a desirable location for those who can afford the cost of entry, whether buying or renting.

Race & Ethnicity

The demographic makeup of ZIP 85048 showcases a diverse yet predominantly white community. Approximately 63.13% of residents identify as white, while 15.02% are Hispanic, 9.73% are Asian, and 4.99% are Black. This diversity contributes to a culturally rich environment, which can be a draw for families and businesses aiming to cater to varied tastes and preferences. Understanding this composition is crucial for tailoring services, marketing strategies, or community engagement efforts in this area.

Key Facts

• Total population: 34,113 residents, offering a sizable community for engagement or customer base.
• Total households: 13,421, indicating a strong residential foundation.
• Total housing units: 14,369, with some potential availability for new occupants or investors.
• Median household income: $123,198, reflecting significant local purchasing power.
• Median home value: $538,500, pointing to a strong real estate market.
• Median rent: $1,995, aligning with the area’s higher income demographic.
• Racial composition: 63.13% white, 15.02% Hispanic, 9.73% Asian, 4.99% Black, showcasing diversity.

What This Means for You

For homebuyers, ZIP 85048 offers a premium market with median home values at $538,500, ideal if you’re seeking a stable, appreciating asset in a well-to-do area. The higher median income suggests neighbors with financial stability, often correlating with well-maintained properties and good schools. For investors and real estate agents, the slight surplus of housing units (14,369 vs. 13,421 households) hints at opportunities for rentals or flips, especially with a median rent of $1,995 attracting high-quality tenants. Small-business owners can leverage the area’s $123,198 median income to target affluent customers with premium products or services, while the diverse population offers a chance to appeal to varied cultural preferences. Analysts will find this data a useful benchmark for tracking trends in suburban Phoenix markets, especially in terms of income growth and housing demand.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 85048? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access up-to-date population, income, and housing metrics tailored to your needs.
• Use the insights to inform your next home purchase, investment decision, or business strategy with confidence.