ZIP 99163 - 860Z200US99163 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 99163, understanding the local demographics and housing landscape is essential. Located in a dynamic area, this ZIP code offers a blend of residential appeal and economic potential. With a population of over 33,000 and a diverse community, ZIP 99163 provides a snapshot of opportunity for homebuyers, real estate investors, small-business owners, and analysts alike. This article breaks down the latest 2023 data to help you make informed decisions about living, investing, or operating in this region.

Population & Households

ZIP 99163 is home to a substantial population of 33,692 residents, making it a vibrant and active community. This population is distributed across 12,462 households, reflecting a mix of family units, students, and professionals. The total number of housing units stands at 14,888, indicating a slight surplus of available properties compared to occupied households. This gap could signal opportunities for renters or buyers looking to settle in the area, as well as for investors eyeing vacant units for potential returns.

Income & Housing Costs

The median household income in ZIP 99163 is $46,401, which provides a realistic benchmark for understanding the economic capacity of residents. This income level suggests a community with moderate earning power, likely appealing to small businesses targeting affordable goods and services. On the housing front, the median home value is $412,700, reflecting a relatively high cost of ownership that may cater to buyers with stable finances or investors seeking long-term appreciation. For renters, the median rent is $1,011 per month, offering a more accessible entry point into the local housing market compared to purchasing.

Race & Ethnicity

The demographic makeup of ZIP 99163 showcases a diverse community with a variety of cultural backgrounds. The racial composition includes 69.27% White, 1.72% Black, 10.05% Asian, and 9.1% Hispanic residents. This diversity can be a significant draw for businesses aiming to serve a broad customer base or for families seeking an inclusive environment. Understanding this mix also helps real estate professionals tailor their marketing strategies to resonate with different cultural groups in the area.

Key Facts

• Total population: 33,692 residents, indicating a sizable community with active local engagement.
• Total households: 12,462, reflecting a mix of family and individual living arrangements.
• Total housing units: 14,888, suggesting potential availability for new residents or investors.
• Median household income: $46,401, providing insight into local purchasing power.
• Median home value: $412,700, a significant investment for prospective buyers.
• Median rent: $1,011, offering a more affordable housing option for many.
• Diverse population: 69.27% White, 10.05% Asian, 9.1% Hispanic, and 1.72% Black.

What This Means for You

For homebuyers, ZIP 99163 presents a market where home values are on the higher side at $412,700, so it’s crucial to assess your budget and long-term financial goals. The median rent of $1,011 could be a viable alternative if buying isn’t immediately feasible. Investors and real estate agents should note the surplus of housing units (14,888 total units versus 12,462 households), which may indicate opportunities for rental properties or flipping homes, especially given the area’s population size and diversity. Small-business owners can leverage the moderate median income of $46,401 and diverse demographic profile to offer products or services that cater to a wide range of needs and cultural preferences. Finally, analysts can use this data as a foundation for deeper market studies, focusing on trends in housing occupancy or income growth over time.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 99163? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access detailed metrics like population, income, and housing costs tailored to your interests.
• Use the insights to make data-driven decisions for your next home purchase, investment, or business venture.