ZIP 97116 - 860Z200US97116 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 97116 for your next home, investment, or business venture, understanding the local demographics and housing landscape is essential. Located in a dynamic area, this ZIP code offers a blend of suburban appeal and economic opportunity. This snapshot, based on 2023 data, provides a clear picture of the population, income levels, housing costs, and racial composition in 97116. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about this community.

Population & Households

ZIP code 97116 is home to a population of 29,598 residents, making it a moderately sized community with room for both personal connection and growth. These individuals are distributed across 9,918 households, reflecting a mix of family units, singles, and shared living arrangements. With 10,229 total housing units in the area, there’s a slight surplus of homes compared to households, which could indicate availability for new residents or investors looking to enter the market. This balance suggests a stable yet accessible housing environment in 97116.

Income & Housing Costs

Economic vitality is a key factor when evaluating any area, and ZIP 97116 stands out with a median household income of $87,308. This figure points to a relatively strong earning base, which can support local businesses and attract professionals seeking a comfortable lifestyle. On the housing front, the median home value in 97116 is $479,800, reflecting a robust real estate market that may appeal to buyers and investors alike. For renters, the median monthly rent is $1,397, which aligns with the area’s income levels and offers a viable option for those not ready to buy. These metrics highlight 97116 as a financially sound area with diverse housing options.

Race & Ethnicity

The cultural fabric of ZIP 97116 is diverse, offering a welcoming environment for a variety of backgrounds. The racial composition includes 64.44% White residents, 27.18% Hispanic or Latino individuals, 2.3% Black or African American residents, and 1.99% Asian residents. This mix contributes to a rich community dynamic, which can be a draw for families, businesses, and investors who value inclusivity. Understanding this diversity can help tailor business offerings or community engagement strategies to resonate with the local population.

Key Facts

• Total population in ZIP 97116: 29,598 residents.
• Total households: 9,918, indicating a mix of family and individual living arrangements.
• Total housing units: 10,229, suggesting potential availability for new residents or investors.
• Median household income: $87,308, reflecting a strong economic base.
• Median home value: $479,800, pointing to a solid real estate market.
• Median rent: $1,397 per month, offering affordable rental options relative to income.
• Racial diversity: 64.44% White, 27.18% Hispanic, 2.3% Black, and 1.99% Asian.

What This Means for You

For homebuyers, ZIP 97116 offers a promising market with a median home value of $479,800, which aligns with the area’s strong median income of $87,308. This suggests that homes here are within reach for many professionals and families, while the slight surplus of housing units could mean less competition in certain segments. Investors and real estate agents will find opportunity in the stable housing numbers and income levels, which support both rental and purchase markets—consider targeting the rental space with a median rent of $1,397 as a steady income stream. Small-business owners can leverage the diverse population of nearly 30,000 and the solid income base to offer products or services that cater to varied cultural needs or professional lifestyles. Analysts can use these metrics to benchmark 97116 against neighboring areas for deeper market studies. Across all groups, the diversity and economic strength of this ZIP code make it a compelling choice for growth and stability.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 97116? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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