ZIP 90403 - 860Z200US90403 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 90403, understanding the local demographics and housing landscape is essential. Located in a vibrant part of Santa Monica, California, this ZIP code offers a mix of residential appeal and economic potential. This snapshot, based on 2023 data, breaks down population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into the numbers and uncover what makes ZIP 90403 unique.

Population & Households

ZIP 90403 is home to a population of 25,087 individuals, making it a moderately sized community within the Santa Monica area. These residents are distributed across 13,372 households, reflecting a diverse mix of family structures, singles, and professionals. With 14,853 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could indicate some availability for new residents or investors looking to enter the market. This balance between population and housing units suggests a stable yet competitive environment for those seeking a place to live or invest.

Income & Housing Costs

One of the standout metrics for ZIP 90403 is its median household income of $121,512, which points to a relatively affluent community. This income level supports a strong local economy, potentially benefiting small businesses and attracting high-net-worth individuals. However, housing costs reflect this prosperity—median home values stand at an impressive $1,553,500, positioning ZIP 90403 as a premium real estate market. For renters, the median rent is $2,443 per month, which, while high, is more accessible than purchasing in this area. These figures highlight the financial commitment required to live or invest here, but they also underscore the potential for long-term value appreciation.

Race & Ethnicity

The demographic makeup of ZIP 90403 offers insight into its cultural diversity. The population is predominantly White at 66.99%, with significant representation from other groups: Hispanic residents make up 11.99%, Asian residents account for 10.71%, and Black residents comprise 2.4%. This diversity contributes to a rich community fabric, appealing to those who value a multicultural environment. For businesses, this mix can translate into varied customer bases and opportunities to cater to different cultural preferences. Understanding this composition helps stakeholders anticipate community needs and dynamics.

Key Facts

• Total population: 25,087 residents in ZIP 90403 as of 2023.
• Total households: 13,372, indicating a mix of family and individual living arrangements.
• Total housing units: 14,853, suggesting some availability beyond current occupancy.
• Median household income: $121,512, reflecting a high-earning community.
• Median home value: $1,553,500, marking this as a premium housing market.
• Median rent: $2,443 per month, a significant but more attainable cost for non-buyers.
• Racial composition: 66.99% White, 11.99% Hispanic, 10.71% Asian, 2.4% Black.

What This Means for You

For homebuyers, ZIP 90403 offers a prestigious address with high home values that suggest strong long-term investment potential, though the $1.55 million median price tag requires substantial financial readiness. Renters might find the $2,443 median rent more manageable, especially for those not ready to buy in such a competitive market. Real estate investors and agents can leverage the slight surplus of housing units (14,853 total vs. 13,372 occupied) to identify opportunities, particularly in a market where high incomes support premium pricing. Small-business owners should note the affluent demographic and diverse population, which could drive demand for tailored goods and services—think upscale retail, dining, or cultural offerings. Analysts can use these metrics to benchmark ZIP 90403 against neighboring areas, assessing growth trends or economic stability. Across all groups, the data points to a community with high barriers to entry but equally high rewards for those who can navigate them.

Run This Study Yourself

• Curious about diving deeper into ZIP 90403 or comparing it with other areas? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your specific needs.
• Use the insights to make data-driven decisions, whether you’re buying a home, investing, or planning a business venture in any location.