ZIP 92507 - 860Z200US92507 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 92507, located in Riverside, California, understanding the local demographics and housing landscape is essential. This snapshot for 2023 offers a clear, data-driven look at the area’s population, income levels, housing costs, and cultural diversity. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, these insights can help you make informed decisions about this dynamic community.

Population & Households

ZIP 92507 is home to a substantial population of 61,920 residents, making it a bustling area with a strong community presence. These individuals are distributed across 18,314 households, reflecting a mix of family structures and living arrangements. With 19,739 total housing units in the area, there’s a slight gap between available homes and occupied households, which could indicate opportunities for growth or investment in housing stock. This population density suggests a vibrant locale with potential for both residential and commercial activity.

Income & Housing Costs

The median household income in ZIP 92507 stands at $72,367, positioning it as a community with moderate earning power. This income level supports a range of lifestyles and can attract businesses catering to middle-income families. On the housing front, the median home value is $503,000, reflecting a competitive real estate market that may appeal to buyers seeking long-term value or investors looking for appreciation potential. For renters, the median rent is $1,780 per month, which aligns with the area’s income levels but may pose affordability challenges for some. These figures highlight the importance of financial planning for prospective residents or business owners targeting this market.

Race & Ethnicity

ZIP 92507 boasts a richly diverse population, with a racial and ethnic composition that shapes its cultural fabric. The largest group is Hispanic, making up 52.02% of residents, followed by White at 21.03%, Asian at 14.34%, and Black at 8.57%. This diversity fosters a multicultural environment, offering unique opportunities for businesses to cater to varied tastes and traditions. For homebuyers and investors, this mix can translate into a welcoming community with broad appeal, while small-business owners might find niche markets to serve within these demographic segments.

Key Facts

• Total population: 61,920 residents, indicating a sizable and active community.
• Total households: 18,314, showing a strong base of family and individual units.
• Total housing units: 19,739, suggesting some availability for new occupants or development.
• Median household income: $72,367, reflecting moderate economic stability.
• Median home value: $503,000, pointing to a robust real estate market.
• Median rent: $1,780, relevant for renters assessing affordability.
• Diversity: Hispanic (52.02%), White (21.03%), Asian (14.34%), Black (8.57%), highlighting a multicultural area.

What This Means for You

For homebuyers, ZIP 92507 offers a competitive housing market with a median home value of $503,000, ideal for those seeking a long-term investment in a diverse and growing area. The median rent of $1,780 may also appeal to those not ready to buy but looking for a vibrant community to call home—just ensure your budget aligns with these costs. Real estate investors and agents can note the slight surplus of housing units (19,739 total units versus 18,314 households), which might signal room for rental or flip opportunities, especially given the area’s population size and income levels. Small-business owners will find a diverse customer base of 61,920 residents, with a strong Hispanic majority, offering potential to tailor products or services to cultural preferences. Analysts can use these metrics to benchmark ZIP 92507 against neighboring areas, identifying trends in income, housing, or demographic shifts that could influence future growth.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 92507? Start by visiting ZipcodeGPT for a user-friendly way to access detailed demographic and housing data.
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