ZIP 85340 - 860Z200US85340 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 85340, understanding the local demographics and housing landscape is essential. Located in a dynamic area, this ZIP code offers a blend of suburban appeal and economic strength. With a population of nearly 39,000 and a median household income surpassing $117,000, ZIP 85340 stands out as a prosperous and diverse community. This article breaks down the latest 2023 data to provide actionable insights for homebuyers, real estate investors, small-business owners, and analysts looking to make informed decisions.

Population & Households

ZIP 85340 is home to 38,873 residents, making it a moderately sized community with room for growth. These individuals are distributed across 12,760 households, reflecting a strong residential base. The total number of housing units stands at 13,336, indicating a slight surplus of available homes compared to occupied households. This balance suggests potential opportunities for buyers or renters seeking to settle in the area, as well as for investors looking at occupancy trends.

Income & Housing Costs

One of the standout metrics for ZIP 85340 is its median household income of $117,193, which signals a financially stable population. This figure positions the area as an attractive market for businesses catering to middle- and upper-income families. On the housing front, the median home value is $499,700, reflecting a robust real estate market that could appeal to investors seeking appreciation potential. For renters, the median rent is $1,924 per month, which aligns with the area’s higher income levels and suggests a demand for quality rental properties. These numbers paint a picture of a community with strong purchasing power and a competitive housing market.

Race & Ethnicity

The demographic makeup of ZIP 85340 is notably diverse, offering a multicultural environment that can benefit businesses and community initiatives. The racial composition includes 48.06% White, 34.83% Hispanic, 5.46% Black, and 3.67% Asian residents. This diversity indicates a vibrant cultural landscape, which could be a draw for families seeking inclusive neighborhoods or businesses aiming to serve a varied customer base. Understanding this mix can help stakeholders tailor their strategies to resonate with the community’s unique identity.

Key Facts

• Total population: 38,873 residents in ZIP 85340 as of 2023.
• Total households: 12,760, supporting a strong residential foundation.
• Total housing units: 13,336, with a small surplus over occupied homes.
• Median household income: $117,193, indicating significant economic strength.
• Median home value: $499,700, reflecting a competitive real estate market.
• Median rent: $1,924 per month, appealing to higher-income renters.
• Diverse population: 48.06% White, 34.83% Hispanic, 5.46% Black, 3.67% Asian.

What This Means for You

For homebuyers, ZIP 85340 offers a promising market with a median home value of nearly $500,000, suggesting long-term value growth potential in a financially stable area. The diverse community and strong median income also point to a welcoming, economically secure environment for families. Real estate investors and agents can capitalize on the slight surplus of housing units (13,336 total vs. 12,760 households), which may indicate opportunities for rental properties or future sales as demand grows. The high median rent of $1,924 further supports the viability of rental investments. Small-business owners will find a lucrative market in ZIP 85340, thanks to the high median income and diverse population, which together create a customer base with varied needs and strong purchasing power. Analysts can use these metrics to benchmark ZIP 85340 against neighboring areas, identifying trends in housing and demographic shifts that could influence future development.

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