ZIP Code 92840 — Demographics & Housing Data 2023

Overview

If you’re considering a move, investment, or business opportunity in ZIP 92840, located in Garden Grove, California, this demographic and housing snapshot offers a clear picture of the area. With data from 2023, we’ll break down key metrics like population, income, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights provide a foundation for understanding the community and its potential.

Population & Households

ZIP 92840 is home to a substantial population of 54,475 residents. This sizable community is distributed across 15,891 households, indicating a dense and active residential area. The total number of housing units stands at 16,662, suggesting a slight surplus of available homes compared to occupied households. This could point to opportunities for buyers or renters, though demand and market dynamics will play a role in availability.

Income & Housing Costs

The median household income in ZIP 92840 is $96,555, reflecting a solid economic base for many families and individuals. This income level supports a relatively strong purchasing power, which is crucial for businesses targeting local consumers or for investors assessing rental potential. On the housing front, the median home value is $746,900, indicative of a high-demand real estate market. For renters, the median rent is $1,955 per month, which aligns with the area’s elevated property values. These figures suggest that while living costs are significant, they are paired with incomes that can sustain them for many residents.

Race & Ethnicity

ZIP 92840 boasts a diverse population, with a racial and ethnic composition that reflects a vibrant, multicultural community. Hispanic residents make up the largest group at 43.13%, followed closely by Asian residents at 37.35%. White residents account for 16.04% of the population, while Black residents represent a smaller share at 0.76%. This diversity can be a draw for businesses seeking varied customer bases and for families looking for an inclusive environment.

Key Facts

• Total population: 54,475 residents, offering a sizable market for businesses and services.
• Total households: 15,891, indicating a strong residential presence.
• Median household income: $96,555, suggesting robust local earning potential.
• Median home value: $746,900, reflecting a competitive real estate market.
• Median rent: $1,955, aligning with the area’s higher housing costs.
• Racial diversity: Hispanic (43.13%), Asian (37.35%), White (16.04%), Black (0.76%).
• Total housing units: 16,662, with a small surplus over occupied households.

What This Means for You

For homebuyers, ZIP 92840 presents a high-value market with a median home price of $746,900. While this requires a significant investment, the area’s median income of $96,555 suggests a community with financial stability, potentially reducing the risk of neighborhood decline. The diversity and population size also mean access to varied cultural amenities and schools, which could be a plus for families.

For real estate investors and agents, the slight gap between total housing units (16,662) and households (15,891) hints at potential vacancies or opportunities for flipping properties. The high median rent of $1,955 also signals strong rental demand, making this ZIP code a candidate for buy-to-rent strategies, though competition may be stiff given property values.

For small-business owners, a population of over 54,000 with a solid median income offers a promising customer base. The diverse demographic makeup—especially the large Hispanic and Asian communities—suggests opportunities for culturally tailored products or services. However, high rents for commercial spaces might mirror residential costs, so budgeting carefully is key.

For analysts, these metrics provide a snapshot of a dynamic, economically stable, and diverse area. The data can inform broader market studies or targeted research into housing trends, income distribution, or cultural integration in ZIP 92840.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 92840? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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