ZIP 90723 - 860Z200US90723 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 90723, located in Paramount, California, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 52,000 and a predominantly Hispanic community, this ZIP code presents unique opportunities and challenges for homebuyers, real estate investors, small-business owners, and analysts. Below, we break down the latest data on population, income, housing costs, and racial composition to help you make informed decisions.

Population & Households

ZIP 90723 is home to 52,546 residents, making it a moderately sized community with a vibrant local presence. These individuals are distributed across 14,348 households, reflecting a tight-knit residential area with an average household size of roughly 3.7 people. The total number of housing units stands at 14,585, indicating a near-full occupancy rate with minimal vacant properties. For families or businesses looking to settle here, this suggests a stable, densely populated area with limited immediate availability for new housing.

Income & Housing Costs

The median household income in ZIP 90723 is $70,912, which provides a solid economic foundation for many residents. This income level supports a range of lifestyles and business opportunities, particularly for small enterprises catering to middle-income families. On the housing front, the median home value is $500,400, reflecting a significant investment for potential buyers. Meanwhile, the median rent is $1,772 per month, which may appeal to renters seeking alternatives to homeownership in a competitive market. These figures highlight the importance of financial planning for anyone entering this housing landscape, whether as a buyer or tenant.

Race & Ethnicity

The racial and ethnic composition of ZIP 90723 is notably diverse, with a strong Hispanic presence at 82.32% of the population. Other groups include Black residents at 8.56%, White residents at 4.46%, and Asian residents at 2.82%. This demographic makeup points to a culturally rich community, which can be a significant draw for businesses and individuals seeking a multicultural environment. Understanding this composition is key for tailoring services, marketing strategies, or community engagement efforts to resonate with the majority Hispanic population while respecting the diversity of other groups.

Key Facts

• Total population: 52,546 residents in 2023, indicating a sizable community.
• Total households: 14,348, with an average household size of about 3.7 people.
• Total housing units: 14,585, suggesting high occupancy and limited vacancies.
• Median household income: $70,912, supporting a middle-income demographic.
• Median home value: $500,400, reflecting a substantial real estate market.
• Median rent: $1,772 per month, a notable cost for renters.
• Hispanic population: 82.32%, shaping the cultural identity of the area.

What This Means for You

For homebuyers, ZIP 90723 offers a chance to join a vibrant, family-oriented community, but the median home value of $500,400 means you'll need a robust budget or financing plan. The high occupancy rate also suggests acting quickly when properties become available. Real estate investors and agents can find value in the stable demand for housing, though the limited number of vacant units may require a focus on renovations or targeting specific buyer demographics like larger families. Small-business owners should note the middle-income base and Hispanic majority, which could guide product offerings, marketing, and community involvement—think culturally relevant services or bilingual outreach. Analysts can use this data to track trends in housing affordability or demographic shifts, especially given the area’s unique ethnic composition and economic profile.

Run This Study Yourself

• Curious about another ZIP code or want to dive deeper into ZIP 90723? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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