ZIP 86406 - 860Z200US86406 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 86406, understanding the local demographics and housing landscape is essential. Located in a vibrant area, this ZIP code offers a mix of residential stability and economic potential. With a population of over 24,000 and a median household income above the national average, ZIP 86406 presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. This snapshot, based on 2023 data, breaks down the key metrics to help you make informed decisions about living or working in this community.

Population & Households

ZIP 86406 is home to a population of 24,587 residents, spread across 11,972 households. This indicates a community of moderate size with a strong residential base. The total number of housing units stands at 14,846, suggesting a mix of occupied and vacant properties that could appeal to investors or those seeking new homes. The ratio of households to population—roughly 2.05 persons per household—points to a community likely composed of families and smaller households, offering a balanced environment for various lifestyles.

Income & Housing Costs

The median household income in ZIP 86406 is $74,171, reflecting a financially stable community with earning power above many national benchmarks. This income level supports a robust local economy, making it an attractive spot for businesses catering to middle- and upper-middle-class consumers. On the housing front, the median home value is $434,700, indicating a competitive real estate market with significant investment potential. For renters, the median rent is $1,311 per month, which aligns with the area’s income levels and suggests a viable rental market for landlords or prospective tenants seeking quality housing options.

Race & Ethnicity

The demographic makeup of ZIP 86406 shows a predominantly White population at 80.54%, with smaller percentages of Black (0.66%) and Asian (0.57%) residents. The Hispanic or Latino community comprises 13.98% of the population, adding cultural diversity to the area. This composition reflects a largely homogeneous community with pockets of diversity, which may influence local culture, business offerings, and community dynamics. For businesses and investors, understanding this mix can help tailor services or marketing strategies to resonate with the majority while addressing the needs of minority groups.

Key Facts

• Total population: 24,587 residents in ZIP 86406 as of 2023.
• Total households: 11,972, indicating a strong residential presence.
• Total housing units: 14,846, with potential for both occupancy and investment.
• Median household income: $74,171, showcasing economic stability.
• Median home value: $434,700, reflecting a competitive housing market.
• Median rent: $1,311, supporting a viable rental landscape.
• Racial composition: 80.54% White, 13.98% Hispanic, with smaller Black and Asian populations.

What This Means for You

For homebuyers, ZIP 86406 offers a stable community with a median home value of $434,700, which suggests long-term value appreciation potential. The median income of $74,171 indicates neighbors with solid financial footing, often correlating with well-maintained properties and amenities. If you’re an investor or real estate agent, the gap between total housing units (14,846) and households (11,972) hints at opportunities for rental properties or flips, especially with a median rent of $1,311 that can attract reliable tenants. Small-business owners can leverage the area’s income levels to target a customer base with disposable income, while the demographic mix offers a chance to cater to both the majority and growing Hispanic community. For analysts, these metrics provide a clear picture of a financially sound area with room for housing growth, ideal for deeper market studies or forecasting.

Run This Study Yourself

Want to dive deeper into ZIP 86406 or analyze another area? Follow these steps to uncover detailed demographic and housing insights on your own:

• Visit ZipcodeGPT to access a powerful tool for ZIP code analysis.
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• Use the insights to guide your homebuying, investment, or business decisions with confidence.