ZIP 95117 - 860Z200US95117 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 95117, located in the heart of Silicon Valley, this demographic and housing snapshot offers a clear picture of the area. Based on the latest 2023 data, this analysis covers 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 for ZIP 95117 and uncover what makes this area unique.

Population & Households

ZIP 95117 is home to a population of 27,798 residents, making it a moderately sized community within the bustling San Jose area. These residents are distributed across 10,144 households, reflecting a mix of family and individual living arrangements. With 11,226 total housing units in the area, there’s a slight surplus of units over households, which could indicate some vacancy or availability for new residents or investors looking to enter the market. This balance provides a glimpse into the housing dynamics of ZIP 95117, which we’ll explore further in the next section.

Income & Housing Costs

Financially, ZIP 95117 stands out with a median household income of $115,778, signaling a relatively affluent community. This income level supports a robust local economy, which can be a draw for businesses and investors. However, housing costs reflect the high-demand nature of the region. The median house value in ZIP 95117 is a substantial $1,425,200, positioning it as a premium real estate market. For renters, the median rent is $2,367 per month, which aligns with the area’s elevated cost of living. These figures suggest that while the area offers economic opportunity, it also requires significant financial resources to buy or rent a home.

Race & Ethnicity

ZIP 95117 is a culturally diverse community, with a racial and ethnic composition that reflects a vibrant mix of backgrounds. Hispanic residents make up the largest group at 32.18%, followed closely by White residents at 28.29% and Asian residents at 27.16%. Black residents account for 7.43% of the population. This diversity can enrich the social fabric of the area, offering a variety of cultural perspectives and opportunities for businesses catering to different communities. For homebuyers and business owners, this mix may influence neighborhood dynamics, local events, and market preferences.

Key Facts

• Total population in ZIP 95117: 27,798 residents.
• Total households: 10,144, indicating a mix of family and solo living.
• Total housing units: 11,226, suggesting some availability or vacancy.
• Median household income: $115,778, reflecting a strong local economy.
• Median house value: $1,425,200, a premium market for buyers and investors.
• Median rent: $2,367 per month, consistent with high regional costs.
• Racial diversity: Hispanic (32.18%), White (28.29%), Asian (27.16%), Black (7.43%).

What This Means for You

For homebuyers, ZIP 95117 offers a diverse and economically strong community, but the high median home value of over $1.4 million means you’ll need substantial financial planning or resources to enter this market. The slightly higher number of housing units compared to households could mean occasional opportunities to find a property, though competition remains fierce in this area.

For real estate investors and agents, the premium home values and solid median income suggest a stable market with potential for appreciation. However, the high entry cost and rental rates mean you’ll need to target high-income tenants or buyers. The diversity of the population also offers a chance to tailor marketing strategies to specific cultural or demographic groups.

For small-business owners, the affluent population and diverse community in ZIP 95117 present opportunities to cater to a range of needs, from niche cultural products to premium services. The high median income indicates disposable income for non-essential spending, but high rents may impact your operating costs if you’re leasing commercial space.

For analysts, the data points to a high-cost, high-opportunity area with a balanced demographic spread. This could inform broader studies on housing affordability, economic disparity, or cultural integration in Silicon Valley communities like ZIP 95117.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 95117? Start by visiting ZipcodeGPT for a user-friendly way to access detailed demographic and housing data.
• Enter any ZIP code to generate a customized report with the latest metrics tailored to your needs.
• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business venture.