ZIP 85050 - 860Z200US85050 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in the Phoenix area, understanding the demographics and housing landscape of ZIP code 85050 can provide valuable clarity. Located in the northern part of Phoenix, Arizona, this area offers a mix of suburban appeal and economic strength. This snapshot, based on 2023 data, breaks down population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into the numbers for 85050 and uncover what they mean for you.

Population & Households

The total population in ZIP 85050 stands at 32,669, making it a moderately sized community within the Phoenix metro area. This population is distributed across 12,465 households, reflecting a strong residential base. With 13,000 total housing units in the area, 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. The average household size can be inferred as roughly 2.6 people, suggesting a mix of families and smaller households in this community.

Income & Housing Costs

One of the standout metrics for ZIP 85050 is its median household income of $137,389, which is notably higher than many other areas in Arizona. This figure points to a relatively affluent community with significant purchasing power, an attractive detail for businesses and investors. On the housing front, the median home value is $564,200, reflecting a robust real estate market that aligns with the area’s income levels. For renters, the median rent is $2,200 per month, indicating a premium rental market that could appeal to landlords or those seeking upscale rental options. These numbers suggest that 85050 is a financially stable area with strong demand for housing.

Race & Ethnicity

The racial and ethnic composition of ZIP 85050 offers insight into the community’s diversity. The population is predominantly White at 70.69%, followed by Hispanic or Latino residents at 10.85%, and Asian residents at 9.29%. Black or African American residents make up 2.01% of the population. This distribution indicates a primarily White community with meaningful representation from other groups, contributing to a culturally varied environment. For businesses and investors, this diversity can inform marketing strategies or community engagement efforts tailored to the area’s makeup.

Key Facts

• Total population in ZIP 85050: 32,669 residents as of 2023.
• Total households: 12,465, with an average household size of about 2.6 people.
• Total housing units: 13,000, suggesting some availability for new occupants.
• Median household income: $137,389, indicating a high-earning community.
• Median home value: $564,200, reflecting a strong real estate market.
• Median rent: $2,200 per month, pointing to a premium rental market.
• Racial composition: 70.69% White, 10.85% Hispanic, 9.29% Asian, 2.01% Black.

What This Means for You

For homebuyers, ZIP 85050 offers a financially stable community with high median incomes and home values, suggesting a solid long-term investment in a desirable area. However, the median home price of $564,200 and rent of $2,200 may require careful budgeting or a strong income to afford comfortably. For real estate investors and agents, the slight surplus of housing units (13,000 total vs. 12,465 households) could signal opportunities for rentals or flips, especially given the high rental rates and home values. The affluent demographic also supports potential for luxury or high-end property investments. For small-business owners, the high median income of $137,389 indicates residents with disposable income, ideal for businesses offering premium goods or services. The diverse population also suggests a need for culturally inclusive marketing. Finally, analysts can use these metrics to benchmark 85050 against other ZIP codes in Phoenix for deeper market studies or trend analysis.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 85050? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing, and more, tailored to your needs.
• Use the insights to make data-driven decisions for your next home purchase, investment, or business venture.