ZIP 85338 - 860Z200US85338 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 85338, located in Goodyear, Arizona, this demographic and housing snapshot offers a clear picture of the area in 2023. With a sizable population, strong median income, and a diverse community, this ZIP code 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 this area stand out and how it might align with your goals.

Population & Households

ZIP 85338 is home to a robust population of 64,448 residents as of 2023. This sizable community is spread across 22,268 households, indicating a strong residential base. The total number of housing units in the area stands at 23,748, suggesting a slight surplus of available homes relative to occupied households. For families or individuals looking to settle here, this could mean a reasonable chance of finding a place to call home, while investors might see potential in the unoccupied units for rental or resale opportunities.

Income & Housing Costs

One of the standout metrics for ZIP 85338 is its median household income of $99,345, which reflects a financially stable community with solid earning power. This income level positions the area as attractive for businesses targeting middle- to upper-middle-class consumers. On the housing front, the median home value is $396,100, indicating a competitive but accessible real estate market for buyers with the means to invest. For renters, the median rent of $1,822 per month suggests a premium rental market, which could be a draw for landlords looking to capitalize on steady demand.

Race & Ethnicity

The demographic makeup of ZIP 85338 is notably diverse, offering a multicultural environment that can appeal to a wide range of residents and businesses. The racial composition includes 48.3% White, 5.73% Black, 2.73% Asian, and a significant 38.55% Hispanic population. This diversity can be a key asset for small-business owners aiming to serve varied customer needs or for families seeking an inclusive community to join. It also signals potential for culturally tailored services or products in the area.

Key Facts

• Total population: 64,448 residents, making ZIP 85338 a vibrant and sizable community.
• Total households: 22,268, reflecting a strong residential foundation.
• Total housing units: 23,748, with some availability for new occupants or investors.
• Median household income: $99,345, indicating solid economic stability.
• Median home value: $396,100, a competitive price point for the region.
• Median rent: $1,822, suggesting a strong rental market for landlords.
• Diverse population: 48.3% White, 38.55% Hispanic, 5.73% Black, and 2.73% Asian.

What This Means for You

For homebuyers, ZIP 85338 offers a promising mix of affordability and value with a median home price of $396,100 and a financially stable community earning a median income of $99,345. The slight surplus of housing units could mean less competition when searching for your ideal property. Real estate investors and agents will find opportunity in the rental market, where a median rent of $1,822 signals strong demand, as well as in the potential to flip or lease unoccupied units. Small-business owners can leverage the area’s diversity and income levels to target a broad, financially capable customer base—think family-oriented services, cultural goods, or mid-range retail. Analysts studying market trends will appreciate the balanced demographics and economic indicators as a foundation for deeper research into growth potential in this part of Goodyear, Arizona.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 85338? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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• Use the insights to make informed decisions for your next home purchase, investment, or business venture.