ZIP 92316 - 860Z200US92316 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 92316, understanding the local demographics and housing landscape is essential. Located in a dynamic area, this ZIP code offers a diverse population and a robust housing market. With data from 2023, this snapshot provides a clear picture of the community’s makeup, income levels, and real estate trends. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about living or working in 92316.

Population & Households

ZIP 92316 is home to a sizable population of 31,909 residents, reflecting a vibrant and active community. These individuals are distributed across 8,011 households, indicating a strong residential base. With 8,349 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could suggest availability for new residents or investors looking to enter the market. This balance between population and housing units offers a glimpse into the area’s capacity to accommodate growth or shifts in demand.

Income & Housing Costs

The financial profile of ZIP 92316 shows a median household income of $82,117, which points to a relatively stable economic environment for many residents. When it comes to housing, the median home value stands at $448,200, reflecting a significant investment for potential buyers but also a marker of value retention in the area. For renters, the median rent is $1,450 per month, which may appeal to those seeking more affordable housing options compared to purchasing. These figures provide a solid foundation for understanding affordability and cost of living in 92316, whether you’re planning to buy, rent, or invest.

Race & Ethnicity

The demographic composition of ZIP 92316 is notably diverse, with a strong representation of various racial and ethnic groups. The population identifies as 81.76% Hispanic, making this the predominant group in the area. Additionally, 12.34% of residents are White, 3.21% are Black, and 0.63% are Asian. This diversity shapes the cultural fabric of the community, offering a rich blend of perspectives and experiences. For businesses and investors, this mix can translate into unique opportunities to cater to a wide range of needs and preferences.

Key Facts

• Total population: 31,909 residents, indicating a sizable community in ZIP 92316.
• Total households: 8,011, showing a strong residential presence.
• Total housing units: 8,349, suggesting some availability for new occupants.
• Median household income: $82,117, reflecting economic stability for many families.
• Median home value: $448,200, a significant figure for real estate investments.
• Median rent: $1,450, offering a more accessible option for non-buyers.
• Ethnic diversity: 81.76% Hispanic, 12.34% White, 3.21% Black, and 0.63% Asian.

What This Means for You

For homebuyers, ZIP 92316 presents a community with a median home value of $448,200, which could be a worthwhile long-term investment given the area’s economic stability and population size. Renters will find the median rent of $1,450 potentially manageable, especially compared to homeownership costs. Real estate investors and agents should note the slight surplus of housing units (8,349 vs. 8,011 households), which might indicate opportunities for rentals or flips, though demand should be assessed carefully. Small-business owners can leverage the diverse population of 31,909, particularly the large Hispanic community (81.76%), to tailor products or services to cultural preferences and build a loyal customer base. Analysts can use these metrics to benchmark 92316 against neighboring areas for deeper market studies.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 92316? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date statistics on population, income, housing costs, and more, tailored to your needs.
• Use the insights to compare areas, identify trends, and make data-driven decisions for your next move or investment.