Demographic Shift: Zip Codes With Rapidly Changing Socioeconomic Profiles

In the United States, the real estate market is constantly evolving, with various zip codes experiencing significant demographic changes. These shifts can impact housing trends, investment opportunities, and overall market conditions. In this blog post, we will analyze the data-driven insights on rapidly changing socioeconomic profiles in zip codes across the country.

Comparing Median Prices

According to the data, New York, NY, has a median sale price of $825,000, while Los Angeles, CA, has a median price of $736,000. This represents a difference of $89,000. In contrast, Chicago, IL, has a median price of $400,000, and Houston, TX, has a median price of $355,000.

Homes Sold and Days on Market

When examining the number of homes sold, we see that New York, NY, has a total of 2381 homes sold, while Los Angeles, CA, has only 78 homes sold. This discrepancy can be attributed to various factors, including market conditions and demand. Furthermore, the data reveals that homes in New York, NY, typically stay on the market for 74 days, whereas homes in Los Angeles, CA, stay on the market for 43 days. For more detailed information, check out our zip codes analysis.

Market Analysis

Sturgis, SD, has a median sale price of $369,375,000 with only 1 home sold. In contrast, Indian Creek, FL, has a median sale price of $79,000,000 with only 1 home sold. These figures highlight the significant variations in market conditions across different zip codes.

Another notable trend is the difference in days on market. Sturgis, SD, has a median days on market of 200, while Indian Creek, FL, has a median days on market of 141. These numbers indicate that homes in Sturgis, SD, stay on the market for approximately 59 days longer than homes in Indian Creek, FL. For more detailed information, check out our zip codes analysis.

Additionally, the data reveals that Indian Field, CT, has a median sale price of $17,500,000 with only 1 home sold. In contrast, Makena, HI, has a median sale price of $17,250,000 with only 1 home sold. These figures demonstrate the vast differences in market conditions across various zip codes.

Moreover, the data shows that Hillsboro Beach, FL, has a median sale price of $15,650,000 with only 1 home sold. In contrast, Sagaponack, NY, has a median sale price of $15,500,000 with only 1 home sold. These numbers highlight the variations in market conditions across different zip codes. For more detailed information, check out our zip codes analysis.

The data also reveals that Palm Beach, FL, has a median sale price of $13,750,000 with only 5 homes sold. In contrast, Watch Hill, RI, has a median sale price of $11,750,000 with only 1 home sold. These figures demonstrate the significant variations in market conditions across various zip codes.

Furthermore, the data shows that Water Mill, NY, has a median sale price of $11,711,000 with only 1 home sold. In contrast, Gulf Stream, FL, has a median sale price of $11,475,000 with only 2 homes sold. These numbers highlight the vast differences in market conditions across different zip codes.