ZIP 95124 - 860Z200US95124 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 95124, located in the heart of Silicon Valley, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 51,000 and a robust median household income, this ZIP code reflects a prosperous and diverse community. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you understand the dynamics of 95124 and make informed decisions.

Population & Households

ZIP 95124 is home to 51,991 residents, making it a sizable community with a strong residential base. These individuals are distributed across 17,523 households, indicating an average household size of roughly 3 people. The total number of housing units stands at 18,143, suggesting a small vacancy rate and a tight housing market. For families and individuals looking to settle here, this points to a stable, populated area with limited available inventory, which could influence both home prices and rental opportunities.

Income & Housing Costs

One of the standout metrics for ZIP 95124 is its median household income of $188,433, reflecting a high-earning community likely tied to the tech-driven economy of the surrounding region. This income level supports significant purchasing power, which is mirrored in the housing market. The median house value is an impressive $1,596,700, positioning 95124 as a premium real estate market. For renters, the median rent is $2,936 per month, indicating that even leasing in this area requires substantial financial resources. These figures underscore the affluence of the area and the potential for high returns on investment, though they also highlight the barrier to entry for first-time buyers or budget-conscious renters.

Race & Ethnicity

The demographic makeup of ZIP 95124 showcases a diverse community with a blend of cultural backgrounds. White residents account for 48.9% of the population, while Asian residents make up 25.66%, reflecting a significant presence likely connected to the tech industry’s influence in the region. Hispanic or Latino residents comprise 16.55% of the population, adding to the cultural richness of the area. Black residents represent 1.13%, with other groups rounding out the remainder. This diversity can be a draw for businesses and families seeking an inclusive environment with varied perspectives and opportunities for cultural engagement.

Key Facts

• Total population: 51,991 residents in 2023.
• Total households: 17,523, with an average size of about 3 people.
• Total housing units: 18,143, indicating a tight market with limited vacancies.
• Median household income: $188,433, showcasing strong earning potential.
• Median house value: $1,596,700, reflecting a premium real estate market.
• Median rent: $2,936 per month, a high cost for leasing.
• Racial diversity: 48.9% White, 25.66% Asian, 16.55% Hispanic, 1.13% Black.

What This Means for You

For homebuyers, ZIP 95124 offers a prestigious address with high property values, but the median home price of over $1.5 million means you'll need significant capital or financing to enter this market. The high median income suggests neighbors with strong financial stability, which can contribute to a secure, well-maintained community. Real estate investors and agents should note the tight housing inventory and high demand, which could drive appreciation but also limit quick flips or rental turnovers. The high median rent of nearly $3,000 indicates a lucrative rental market if you can secure a property.

For small-business owners, the affluent population and diverse demographic mix present opportunities to cater to a range of needs, from premium services to culturally specific products. The large population and high income levels suggest a customer base with disposable income, ideal for businesses in retail, dining, or professional services. Analysts can use these metrics to benchmark 95124 against other ZIP codes, identifying trends in wealth distribution, housing affordability, and demographic shifts that could influence future market conditions.

Run This Study Yourself

• Curious about another ZIP code or want to dive deeper into 95124? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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