ZIP 85248 - 860Z200US85248 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 85248, located in the vibrant Chandler area of Arizona, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of over 37,000 and a robust housing market, this area presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you understand what makes ZIP 85248 stand out and how it can align with your goals.

Population & Households

ZIP 85248 is home to 37,461 residents, making it a moderately sized community with a strong residential base. These individuals are distributed across 17,727 households, reflecting a mix of family units, retirees, and singles. The total number of housing units stands at 20,013, indicating a slight surplus of available properties compared to occupied households. This gap could signal opportunities for buyers or investors looking to enter the market, as well as potential rental demand for landlords.

Income & Housing Costs

The financial profile of ZIP 85248 is notably strong, with a median household income of $94,220. This figure suggests a community with significant purchasing power, which can be a draw for businesses targeting middle- to upper-income customers. On the housing front, the median home value is $489,100, positioning this area as a higher-end market within the region. For renters, the median rent is $1,822 per month, reflecting a premium rental market that aligns with the area’s property values. These numbers indicate that ZIP 85248 is a stable, affluent community, ideal for those seeking long-term value in real estate or a prosperous customer base for business ventures.

Race & Ethnicity

The demographic makeup of ZIP 85248 is diverse, offering a blend of cultural backgrounds that enrich the community. The racial composition includes 70.16% White, 3.28% Black, 12.93% Asian, and 7.71% Hispanic residents. This diversity can be a significant asset for businesses aiming to cater to varied tastes and preferences, as well as for families seeking an inclusive environment. Understanding this mix helps investors and business owners tailor their strategies to resonate with the local population.

Key Facts

• Total population in ZIP 85248: 37,461 residents.
• Total households: 17,727, with an average household size implied by population distribution.
• Total housing units: 20,013, suggesting potential availability for new occupants or investors.
• Median household income: $94,220, indicating strong economic stability.
• Median home value: $489,100, reflecting a premium real estate market.
• Median rent: $1,822 per month, aligning with the area’s upscale housing profile.
• Racial diversity: 70.16% White, 12.93% Asian, 7.71% Hispanic, and 3.28% Black.

What This Means for You

For homebuyers, ZIP 85248 offers a high-quality living environment with a median home value of nearly half a million dollars. The area’s strong median income suggests neighbors with financial stability, often correlating with well-maintained properties and good schools. However, be prepared for competitive pricing and consider the higher cost of entry as a long-term investment in a desirable location.

For investors and real estate agents, the surplus of housing units (20,013 total versus 17,727 households) hints at opportunities for flipping properties or securing rental income. The median rent of $1,822 indicates a lucrative rental market, especially for upscale properties catering to affluent tenants.

For small-business owners, the high median income of $94,220 and diverse population provide a promising customer base. Whether you’re opening a retail store, restaurant, or service-based business, tailoring your offerings to a wealthier, culturally varied audience could drive success in ZIP 85248.

For analysts, these metrics offer a foundation for deeper market studies. The income levels, housing costs, and demographic diversity can inform broader trends in the Chandler area, helping to predict future growth or shifts in demand.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 85248? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Input any ZIP code to access up-to-date population, income, and housing insights tailored to your needs.
• Use the detailed reports to make informed decisions, whether you’re buying a home, investing, or planning a business venture.