ZIP 85306 - 860Z200US85306 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 85306, located in the Glendale area of Arizona, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of nearly 25,000 and a mix of homeowners and renters, this area presents unique opportunities and challenges for homebuyers, real estate investors, small-business owners, and analysts. Drawing from the latest data, we’ll break down key metrics like population, income, housing costs, and racial composition to help you make informed decisions about this ZIP code.

Population & Households

ZIP 85306 is home to 24,696 residents, making it a moderately sized community with a suburban feel. These individuals are distributed across 8,882 households, reflecting a mix of family and individual living arrangements. With 9,587 total housing units in the area, there’s a small buffer of unoccupied or available properties, which could signal opportunities for buyers or investors looking to enter the market. The average household size here suggests a balanced community, likely appealing to families and professionals alike.

Income & Housing Costs

The median household income in ZIP 85306 stands at $82,060, indicating a solid economic base for many residents. This income level supports a comfortable lifestyle in the area, though housing costs are a significant factor to consider. The median house value is $342,000, which positions this ZIP code as a mid-range market in the broader Arizona landscape. For renters, the median rent is $1,666 per month, reflecting a competitive rental market that may appeal to investors seeking steady returns. These figures suggest that while homeownership is attainable for many, affordability could be a concern for lower-income households or first-time buyers.

Race & Ethnicity

The demographic makeup of ZIP 85306 is predominantly White, with 68.1% of residents identifying as such. Hispanic or Latino residents make up a significant portion at 21.19%, contributing to the area’s cultural diversity. Black or African American residents account for 2.56% of the population, while Asian residents represent 2.43%. This diversity can enrich community life and offers businesses a chance to cater to varied cultural preferences and needs. For investors and small-business owners, understanding this mix is key to tailoring services or marketing strategies effectively.

Key Facts

• Total population: 24,696 residents in ZIP 85306 as of 2023.
• Total households: 8,882, indicating a stable residential base.
• Total housing units: 9,587, with some availability for new occupants.
• Median household income: $82,060, supporting a middle-income lifestyle.
• Median house value: $342,000, reflecting a mid-tier housing market.
• Median rent: $1,666, suggesting a strong rental demand.
• Racial composition: 68.1% White, 21.19% Hispanic, 2.56% Black, 2.43% Asian.

What This Means for You

For homebuyers, ZIP 85306 offers a balanced market with median home values at $342,000, which could be within reach for those earning near or above the area’s median income of $82,060. However, with rents at $1,666, renting might be a viable short-term option while saving for a down payment. Real estate investors and agents will find potential in the slight surplus of housing units (9,587 total units versus 8,882 households), which could indicate room for flipping or rental properties, especially given the strong rental rates. Small-business owners can leverage the diverse population of nearly 25,000, particularly the significant Hispanic community (21.19%), to offer targeted products or services. Analysts can use these metrics to benchmark ZIP 85306 against neighboring areas, identifying trends in income growth or housing demand. Across all groups, the data points to a stable, diverse community with opportunities for growth and engagement.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 85306? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
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