ZIP Code 44240 — Demographics & Housing Data 2023

Overview

If you’re considering ZIP code 44240 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 residential stability and economic opportunity. With a population of nearly 38,000 and a median household income of $57,415, it presents a snapshot of a community with diverse needs and potential. This article breaks down the key metrics for 2023, providing clear, data-driven insights for homebuyers, real estate investors, small-business owners, and analysts.

Population & Households

ZIP 44240 is home to 37,889 residents, making it a moderately sized community with a robust local market. These individuals are distributed across 16,773 households, reflecting a mix of family units, singles, and shared living arrangements. With 20,228 total housing units in the area, there’s a noticeable spread between occupied and vacant properties, which could signal opportunities for buyers or investors looking to enter the market. This population density supports a variety of local services and businesses while maintaining a manageable community feel.

Income & Housing Costs

The median household income in ZIP 44240 stands at $57,415, indicating a middle-income community with reasonable purchasing power. For homebuyers, the median house value of $216,000 offers a balance between affordability and investment potential, especially compared to higher-priced neighboring areas. Renters, on the other hand, face a median rent of $989 per month, which is accessible for many income levels in this bracket. These figures suggest that whether you’re buying, renting, or investing, ZIP 44240 provides a financially viable entry point with room for growth.

Race & Ethnicity

The demographic makeup of ZIP 44240 reflects a predominantly white population at 82.76%, with smaller but significant representation from other groups. Black residents account for 5.6%, Asian residents make up 3.51%, and Hispanic individuals comprise 2.92% of the population. This diversity, while not as pronounced as in urban centers, still contributes to a varied cultural landscape. For businesses and investors, this mix can inform marketing strategies or community engagement efforts, ensuring inclusivity and relevance to local needs.

Key Facts

• Total population: 37,889 residents, offering a substantial local market.
• Total households: 16,773, indicating a strong base of family and individual units.
• Total housing units: 20,228, with potential availability for new occupants or investors.
• Median household income: $57,415, reflecting a stable middle-income community.
• Median house value: $216,000, a competitive price point for buyers and investors.
• Median rent: $989, providing affordable options for renters.
• Racial composition: 82.76% white, 5.6% black, 3.51% Asian, 2.92% Hispanic, showing moderate diversity.

What This Means for You

For homebuyers, ZIP 44240 offers a promising mix of affordability and value. With a median home price of $216,000, you can secure a property in a community with solid income levels and a sizable population base, ensuring long-term stability. Real estate investors and agents should note the gap between total housing units and households—there may be untapped potential in vacant properties or rental demand, especially with a median rent of $989 that appeals to a broad tenant pool. Small-business owners can leverage the population of nearly 38,000 and the diverse demographic profile to tailor products or services, from family-oriented offerings to niche markets reflecting the area’s cultural mix. Analysts will find this data a useful benchmark for tracking economic trends or housing market shifts in ZIP 44240, especially when paired with regional comparisons.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 44240? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Input any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your specific interests.
• Use the insights to make informed decisions, whether you’re buying a home, investing in property, or planning a business expansion.