ZIP 85704 - 860Z200US85704 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 85704, located in the Tucson, Arizona area, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of over 34,000 and a mix of housing options, this area presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Drawing from the latest data, we’ll break down key metrics on population, income, housing costs, and diversity to help you make informed decisions about this vibrant ZIP code.

Population & Households

ZIP 85704 is home to 34,608 residents, making it a moderately sized community with a strong residential base. These individuals are spread across 16,015 households, reflecting a mix of family and individual living arrangements. With 17,827 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could indicate availability for new residents or investors looking to enter the market. This balance between population and housing stock suggests a stable community with room for growth or transition.

Income & Housing Costs

The median household income in ZIP 85704 stands at $76,915, positioning it as a relatively affluent area compared to national averages. This income level supports a comfortable lifestyle for many residents and indicates purchasing power for local businesses. On the housing front, the median home value is $389,000, reflecting a robust real estate market that could appeal to buyers seeking long-term value or investors eyeing appreciation potential. For renters, the median rent is $1,424 per month, which aligns with the area’s income levels but may require careful budgeting for some households. These figures highlight a community with solid economic foundations and housing costs that cater to a middle-to-upper income bracket.

Race & Ethnicity

The demographic makeup of ZIP 85704 offers insight into its cultural diversity. The population is predominantly White at 72.72%, with a significant Hispanic presence at 17.22%. Asian residents account for 4.08% of the population, while Black residents make up 0.86%. This composition suggests a community with a strong White majority but notable diversity, particularly among Hispanic residents, which could influence local culture, businesses, and community dynamics. For businesses and investors, this diversity can translate into opportunities to cater to varied preferences and needs.

Key Facts

• Total population: 34,608 residents in ZIP 85704 as of 2023.
• Total households: 16,015, indicating a mix of family and solo living.
• Total housing units: 17,827, with some vacancy or availability.
• Median household income: $76,915, reflecting economic stability.
• Median home value: $389,000, suggesting a strong real estate market.
• Median rent: $1,424, aligning with the area’s income profile.
• Racial composition: 72.72% White, 17.22% Hispanic, 4.08% Asian, 0.86% Black.

What This Means for You

For homebuyers, ZIP 85704 offers a stable housing market with a median home value of $389,000, ideal for those seeking a long-term investment in a community with solid income levels. The slight surplus of housing units may provide negotiating power or options to find the right property. Real estate investors and agents can capitalize on the area’s economic strength and diversity, targeting both buyers and renters with a median rent of $1,424 that supports steady cash flow. The diversity in the population also suggests potential for niche rental markets or property types.

For small-business owners, the median household income of $76,915 indicates a customer base with disposable income, particularly for services or goods catering to middle-to-upper income brackets. The cultural diversity, especially the notable Hispanic population, offers opportunities to tailor offerings to specific community segments. Analysts will find ZIP 85704’s balanced demographics and housing metrics useful for trend analysis or market studies, especially given the area’s mix of stability and growth potential.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 85704? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access detailed reports on population, housing, income, and more, tailored to your needs.
• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business in the area.