ZIP Code 90031 — Demographics & Housing Data 2023

Overview

If you’re considering a move, investment, or business opportunity in ZIP 90031, located in the heart of Los Angeles, this demographic and housing snapshot offers a clear picture of the area in 2023. With a diverse population, varied income levels, and a competitive housing market, this ZIP code presents unique opportunities and challenges for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the latest data to help you make informed decisions about living, investing, or operating in 90031.

Population & Households

ZIP 90031 is home to a population of 36,881 residents as of 2023. This sizable community is spread across 12,166 households, indicating a dense urban environment where many people share living spaces. The total number of housing units stands at 12,686, suggesting a tight housing market with limited vacancy. For those looking to settle or invest here, understanding the population density and household dynamics is key to assessing space availability and community needs.

Income & Housing Costs

The median household income in ZIP 90031 is $62,119, reflecting a moderate earning capacity for the area. This figure is crucial for homebuyers gauging affordability and for businesses evaluating local purchasing power. On the housing front, the median house value is $758,500, pointing to a high barrier to entry for prospective homeowners or investors seeking properties in this part of Los Angeles. Meanwhile, the median rent is $1,487 per month, which may appeal to renters or landlords looking at rental income potential. These numbers highlight the financial landscape and the investment considerations for anyone eyeing 90031.

Race & Ethnicity

The demographic makeup of ZIP 90031 is notably diverse, offering a rich cultural tapestry that can influence community dynamics, business opportunities, and social integration. Hispanic residents make up the largest group at 57.47% of the population, followed by Asian residents at 29.39%. White residents account for 8.98%, and Black residents comprise 1.73%. This diversity can be a draw for businesses catering to varied cultural preferences or for families seeking an inclusive environment.

Key Facts

• Total population in ZIP 90031: 36,881 residents.
• Total households: 12,166, indicating a dense living arrangement.
• Total housing units: 12,686, suggesting limited availability.
• Median household income: $62,119, reflecting moderate earning levels.
• Median house value: $758,500, a significant investment threshold.
• Median rent: $1,487 per month, relevant for renters and landlords.
• Dominant ethnic groups: Hispanic (57.47%) and Asian (29.39%).

What This Means for You

For homebuyers, ZIP 90031’s high median house value of $758,500 signals a competitive market where securing a property may require substantial financial planning. However, the area’s diversity and urban density could offer a vibrant community experience. Renters might find the median rent of $1,487 manageable compared to other Los Angeles areas, though availability could be limited given the tight housing stock.

For real estate investors and agents, the data points to potential in both rental and purchase markets. With a median rent of $1,487, rental properties could yield steady income, while the high property values suggest long-term appreciation potential despite the upfront cost. The limited number of housing units compared to households indicates demand, which could drive future value growth.

For small-business owners, the population of 36,881 and median income of $62,119 suggest a decent customer base with moderate spending power. The diverse demographic profile—especially the large Hispanic and Asian communities—offers opportunities to tailor products or services to specific cultural needs, from food to retail to services.

For analysts, these metrics provide a foundation for deeper studies into urban density, housing affordability, and economic trends in 90031. The interplay of income, housing costs, and diversity could inform broader market or policy analyses.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 90031’s data over time? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing insights.
• Enter any ZIP code to access up-to-date metrics on population, income, housing, and more, tailored to your specific interests.
• Use the detailed breakdowns to inform your next home purchase, investment decision, or business strategy with confidence.