ZIP 85345 - 860Z200US85345 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 85345, located in the heart of Arizona's Maricopa County, this demographic and housing snapshot offers a clear picture of the area. With data from 2023, we’ll break down the population, income levels, housing metrics, and racial composition to help you make informed decisions. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, these insights into ZIP 85345 will guide your next steps with confidence.

Population & Households

ZIP 85345 is home to a substantial population of 61,822 residents, making it a vibrant and active community. This area supports 22,904 households, reflecting a mix of family units, singles, and retirees. With 24,273 total housing units, there’s a slight surplus of available homes compared to occupied households, which could indicate opportunities for buyers or investors looking for properties in this region. The population density and household distribution suggest a well-established suburban area with room for growth.

Income & Housing Costs

The median household income in ZIP 85345 stands at $64,563, positioning it as a middle-income community. This income level supports a comfortable lifestyle for many residents while remaining accessible for first-time homebuyers. On the housing front, the median home value is $278,300, which aligns with the income bracket and offers a reasonable entry point for buyers in the Arizona market. For renters, the median rent is $1,563 per month, reflecting a competitive rental market that could appeal to investors seeking steady returns. These figures highlight ZIP 85345 as a balanced area for both homeownership and rental opportunities.

Race & Ethnicity

The demographic makeup of ZIP 85345 is diverse, fostering a culturally rich environment. The racial composition includes 51.15% White residents, 33.77% Hispanic or Latino individuals, 4.61% Black or African American residents, and 4.09% Asian residents, with the remainder comprising other or mixed-race groups. This diversity can be a significant draw for families, businesses, and investors who value inclusive communities with varied perspectives and cultural offerings.

Key Facts

• Total population: 61,822 residents, indicating a sizable community.
• Total households: 22,904, showing a strong base of local families and individuals.
• Total housing units: 24,273, suggesting potential availability for new occupants.
• Median household income: $64,563, reflecting a stable economic foundation.
• Median home value: $278,300, an accessible price point for many buyers.
• Median rent: $1,563, competitive for the rental market in this area.
• Racial diversity: Over 33% Hispanic, 51% White, with smaller Black and Asian populations.

What This Means for You

For homebuyers, ZIP 85345 offers a promising mix of affordability and community size. With a median home value of $278,300 and a median income of $64,563, purchasing a home here is within reach for many middle-income families. The slight surplus of housing units could mean less competition in certain price brackets, giving you room to negotiate.

For investors and real estate agents, the rental market in ZIP 85345, with a median rent of $1,563, presents a solid opportunity for consistent cash flow. The population of over 61,000 ensures demand for housing, while the diversity of the area broadens your potential tenant or buyer pool.

For small-business owners, this ZIP code’s diverse demographic and sizable population provide a robust customer base. The median income suggests residents have disposable income for local goods and services, while the cultural mix could inspire businesses catering to varied tastes and needs.

For analysts, these metrics offer a snapshot of a stable, growing suburban area with balanced economic indicators and a diverse population, ideal for deeper market studies or trend analysis.

Run This Study Yourself

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