ZIP 91724 - 860Z200US91724 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 91724, located in the Covina area of California, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ve compiled key metrics on 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 what makes ZIP 91724 unique and how it could align with your goals.

Population & Households

ZIP 91724 is home to a population of 28,113 individuals, making it a moderately sized community with a suburban feel. These residents are distributed across 9,018 households, reflecting a mix of family and individual living arrangements. The total number of housing units in the area stands at 9,372, indicating a slight surplus of available homes compared to occupied households. This could suggest opportunities for buyers or renters looking to settle in the area, as well as potential inventory for investors to consider.

Income & Housing Costs

Financially, ZIP 91724 stands out with a median household income of $102,129, which is notably higher than many national averages. This suggests a relatively affluent community with strong purchasing power, an important factor for businesses targeting local consumers. On the housing front, the median home value is $722,600, reflecting the high demand and premium real estate market often seen in parts of California. For renters, the median rent is $2,056 per month, which aligns with the area’s elevated cost of living. These figures highlight the need for substantial financial planning for prospective residents or investors entering this market.

Race & Ethnicity

The cultural fabric of ZIP 91724 is notably diverse, offering a vibrant and inclusive community. The racial composition breaks down as follows: 54.6% Hispanic, 22.18% White, 14.5% Asian, and 4.78% Black, with the remaining percentage comprising other or mixed-race individuals. This diversity can be a significant draw for families and businesses seeking a multicultural environment, as it often fosters a rich blend of perspectives, traditions, and customer bases. For small-business owners, this mix may also present opportunities to cater to varied cultural needs and preferences.

Key Facts

• Total population: 28,113 residents in ZIP 91724.
• Total households: 9,018, with a mix of family and individual units.
• Total housing units: 9,372, suggesting some availability for new occupants.
• Median household income: $102,129, indicating strong local earning power.
• Median home value: $722,600, reflecting a premium real estate market.
• Median rent: $2,056, consistent with the area’s higher cost of living.
• Racial diversity: Predominantly Hispanic (54.6%), with significant White (22.18%) and Asian (14.5%) populations.

What This Means for You

For homebuyers, ZIP 91724 offers a diverse and financially stable community, but the high median home value of $722,600 and rent of $2,056 mean you’ll need to budget carefully. The slight surplus of housing units (9,372 vs. 9,018 households) could provide some negotiating room, though competition may still be stiff given the desirable location. Investors and real estate agents should note the strong median income of $102,129, which supports a market for higher-end properties or rental units catering to affluent tenants. The diversity and population size also suggest a steady demand for housing. For small-business owners, the multicultural population of 28,113 and robust local income present a promising customer base, especially for businesses offering culturally tailored goods or services. Analysts can use these metrics to benchmark ZIP 91724 against neighboring areas, focusing on income and housing trends to predict future growth or shifts in demand.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 91724? 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 data-driven decisions for your next home purchase, investment, or business venture.