ZIP 90005 - 860Z200US90005 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 90005, located in the heart of Los Angeles, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of nearly 39,000 and a diverse cultural makeup, this ZIP code presents unique opportunities and challenges 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 racial composition to help you make informed decisions.

Population & Households

ZIP 90005 is home to 38,747 residents, making it a densely populated urban area. These individuals are distributed across 17,477 households, reflecting a vibrant community with a mix of family and individual living arrangements. The total number of housing units stands at 19,357, indicating a slight surplus of available homes compared to occupied households. This could signal potential rental or purchase opportunities for those looking to enter the market in this area.

Income & Housing Costs

The median household income in ZIP 90005 is $52,755, which is an important figure for understanding the economic landscape. This income level suggests a moderate earning capacity among residents, which may influence affordability for housing and local business services. On the housing front, the median home value is a striking $1,084,400, reflecting the high demand and premium real estate market typical of central Los Angeles. For renters, the median monthly rent is $1,648, which aligns with the area’s urban setting but may pose challenges for those with tighter budgets. These figures highlight the need for careful financial planning for prospective buyers or tenants.

Race & Ethnicity

ZIP 90005 stands out for its rich cultural diversity, a key characteristic that shapes the community’s identity. The racial and ethnic composition includes 47.74% Hispanic residents, making this the largest demographic group. Asian residents account for 32.32% of the population, while White residents make up 10.6%, and Black residents comprise 5.35%. This diversity fosters a multicultural environment, which can be a draw for businesses catering to varied tastes and for families seeking inclusive communities.

Key Facts

• Total population: 38,747 residents in ZIP 90005 as of 2023.
• Total households: 17,477, indicating a mix of family and solo living.
• Total housing units: 19,357, suggesting some availability for new occupants.
• Median household income: $52,755, reflecting moderate earning levels.
• Median home value: $1,084,400, indicative of a premium real estate market.
• Median rent: $1,648 per month, a significant cost for renters.
• Diverse demographics: 47.74% Hispanic, 32.32% Asian, 10.6% White, 5.35% Black.

What This Means for You

For homebuyers, ZIP 90005 offers a vibrant, diverse community but comes with a steep price tag. With median home values exceeding $1 million, you’ll need to assess financing options carefully, though the cultural richness and urban location may justify the investment. Real estate investors and agents can note the slight surplus of housing units (19,357 vs. 17,477 households), which could point to rental or flip opportunities, especially given the high median rent of $1,648. However, the high entry cost may limit quick returns. Small-business owners will find a diverse customer base of nearly 39,000 people, ideal for niche markets or culturally specific offerings, though the moderate median income of $52,755 suggests pricing strategies should balance affordability. Analysts can use this data to track urban demographic trends, particularly the strong Hispanic and Asian representation, which may influence future market shifts.

Run This Study Yourself

• Want to dive deeper into ZIP 90005 or compare it with another area? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
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