ZIP 85308 - 860Z200US85308 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 85308 for your next home, investment property, or business location, understanding the area’s demographic and housing landscape is essential. Located in the greater Phoenix area, this ZIP code offers a mix of suburban appeal and economic opportunity. With data from 2023, this snapshot provides a clear view of population trends, income levels, 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 and uncover what makes ZIP 85308 unique.

Population & Households

ZIP 85308 is home to a substantial population of 65,159 residents as of 2023. This sizable community is spread across 25,693 households, indicating a strong residential base. The total number of housing units in the area stands at 26,540, suggesting a small vacancy rate and a relatively tight housing market. For families and individuals looking to settle here, this points to a vibrant, established neighborhood with consistent demand for homes.

Income & Housing Costs

Financial stability is a key consideration for anyone moving to or investing in a new area, and ZIP 85308 shows promising figures. The median household income here is $95,512, reflecting a comfortable earning capacity for many residents. This income level supports a robust local economy, which can be a draw for small businesses looking to tap into consumer spending.

On the housing front, the median house value in ZIP 85308 is $420,100, positioning it as a moderately priced market within the Phoenix metro area. For renters, the median rent is $1,777 per month, which aligns with the area’s income levels but may require careful budgeting for some households. These figures suggest a balanced market where both buying and renting are viable options depending on your financial goals.

Race & Ethnicity

Understanding the cultural makeup of a community can provide valuable context for residents and businesses alike. In ZIP 85308, the racial composition is predominantly White at 70.28%, with Hispanic or Latino residents making up 14.12% of the population. Asian residents account for 4.75%, while Black or African American residents represent 2.42%. This diversity contributes to a multifaceted community, offering a range of perspectives and cultural influences that can enrich local life and business opportunities.

Key Facts

• Total population in ZIP 85308: 65,159 residents.
• Total households: 25,693, indicating a strong residential presence.
• Total housing units: 26,540, with limited vacancies.
• Median household income: $95,512, supporting a stable local economy.
• Median house value: $420,100, reflecting a moderately priced market.
• Median rent: $1,777, a significant but manageable cost for many.
• Racial diversity: 70.28% White, 14.12% Hispanic, 4.75% Asian, 2.42% Black.

What This Means for You

For homebuyers, ZIP 85308 offers a stable and diverse community with a median home value of $420,100, which could represent a solid long-term investment given the area’s income levels and population size. The limited housing stock suggests you’ll need to act quickly when properties become available.

For real estate investors and agents, the tight housing market (26,540 units for 25,693 households) indicates potential for steady demand, whether you’re flipping homes or managing rentals. The median rent of $1,777 also points to a lucrative rental market for landlords catering to middle-income tenants.

For small-business owners, the median household income of $95,512 signals a consumer base with disposable income, ideal for retail, services, or dining ventures. The diverse population further allows for niche marketing to different cultural groups, enhancing your business’s reach.

For analysts, these metrics provide a foundation for deeper studies into housing trends, economic growth, or demographic shifts in ZIP 85308, helping to predict future market movements or community needs.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 85308? 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 costs, and more, tailored to your specific needs.
• Use the insights to make data-driven decisions for your next home purchase, investment, or business strategy.