ZIP Code 92504 — Demographics & Housing Data 2023

Overview

If you're considering a move, investment, or business opportunity in ZIP 92504, located in Riverside, California, understanding the area's demographic and housing landscape is essential. This snapshot, based on 2023 data, provides a clear picture of the population, income levels, housing market, and cultural diversity in this dynamic region. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, these insights can guide your next steps with confidence.

Population & Households

ZIP 92504 is home to a substantial population of 57,085 residents, making it a vibrant and active community. These individuals are distributed across 16,108 households, reflecting a mix of family sizes and living arrangements. With 17,038 total housing units in the area, there’s a slight surplus of properties compared to occupied households, which could indicate opportunities for buyers or renters seeking availability. This balance between population and housing suggests a stable yet growing community, ideal for those looking to settle or invest in a well-populated area.

Income & Housing Costs

The median household income in ZIP 92504 stands at $88,168, positioning it as a relatively affluent area compared to national averages. This income level supports a robust local economy, which can be a draw for businesses and investors. On the housing front, the median home value is $501,800, reflecting a strong real estate market that may appeal to those looking for long-term value appreciation. For renters, the median rent is $1,758 per month, which aligns with the area’s income levels but may require careful budgeting for some households. These figures highlight ZIP 92504 as a market with solid financial foundations, balancing affordability and investment potential.

Race & Ethnicity

ZIP 92504 boasts a diverse cultural makeup, which adds to its appeal as an inclusive and dynamic place to live or work. The racial and ethnic composition includes 27.71% White, 7.7% Black, 4.03% Asian, and a significant 56.41% Hispanic population. This diversity fosters a rich community environment, offering a blend of perspectives and traditions. For businesses, this mix can translate into a broad customer base with varied needs and preferences, while families and individuals may find a welcoming, multicultural atmosphere to call home.

Key Facts

• Total population: 57,085 residents, indicating a sizable and active community.
• Total households: 16,108, reflecting a mix of family and individual living arrangements.
• Total housing units: 17,038, suggesting some availability for new residents or investors.
• Median household income: $88,168, supporting a strong local economy.
• Median home value: $501,800, pointing to a valuable real estate market.
• Median rent: $1,758, aligning with income levels but requiring budget consideration.
• Diverse demographics: 56.41% Hispanic, 27.71% White, 7.7% Black, and 4.03% Asian.

What This Means for You

For homebuyers, ZIP 92504 offers a promising market with a median home value of $501,800, suggesting potential for equity growth over time. The slight surplus of housing units (17,038 vs. 16,108 households) could mean less competition for available properties, giving you an edge in negotiations. Investors and real estate agents will find the area’s strong median income of $88,168 and diverse population of 57,085 as indicators of a stable rental and sales market, particularly with a median rent of $1,758 that supports consistent cash flow. Small-business owners can leverage the cultural diversity—especially the large Hispanic community (56.41%)—to tailor products or services to a wide audience, while the solid income levels ensure purchasing power. Analysts can use these metrics to benchmark ZIP 92504 against neighboring areas, identifying trends in housing demand or demographic shifts. Across all groups, this data points to a balanced, opportunity-rich environment.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 92504? 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 needs.
• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business venture.