ZIP 01002 - 860Z200US01002 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 01002 for your next home, investment property, or business location, understanding the local demographics and housing landscape is essential. Located in a dynamic area, this ZIP code offers a mix of residential appeal and economic opportunity. With data from 2023, this snapshot provides a clear picture of population trends, income levels, housing costs, and racial diversity. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about living or working in 01002.

Population & Households

The total population in ZIP 01002 stands at 24,726 residents as of 2023, making it a moderately sized community with room for growth and engagement. This population is distributed across 9,715 households, reflecting a diverse mix of family structures and living arrangements. With 11,089 total housing units in the area, there’s a notable supply of homes, though not all are occupied, suggesting potential opportunities for buyers or investors looking to enter the market.

Income & Housing Costs

Financial metrics are a critical factor when evaluating any area, and ZIP 01002 presents a solid economic profile. The median household income here is $69,411, indicating a community with moderate earning power that can support local businesses and sustain housing demand. On the housing front, the median home value is $449,000, positioning 01002 as a higher-end market relative to many other areas, which could appeal to buyers seeking long-term value or investors eyeing appreciation potential. For renters, the median rent is $1,561 per month, reflecting a competitive rental market that may influence decisions for both tenants and landlords.

Race & Ethnicity

Diversity is a key characteristic of ZIP 01002, with a racial and ethnic composition that offers a glimpse into the community’s cultural fabric. The population is predominantly White at 70.65%, followed by Hispanic or Latino residents at 9.41%, Asian residents at 8.48%, and Black or African American residents at 4.48%. This mix suggests a community with varied perspectives and backgrounds, which can enrich local culture and create opportunities for businesses catering to diverse needs or preferences.

Key Facts

• Total population in ZIP 01002: 24,726 residents.
• Total households: 9,715, indicating a range of family and individual living arrangements.
• Total housing units: 11,089, with some unoccupied units potentially available for purchase or rent.
• Median household income: $69,411, reflecting moderate economic stability.
• Median home value: $449,000, suggesting a premium housing market.
• Median rent: $1,561, pointing to a competitive rental environment.
• Racial composition: 70.65% White, 9.41% Hispanic, 8.48% Asian, 4.48% Black.

What This Means for You

For homebuyers, ZIP 01002 offers a stable yet premium housing market with a median home value of $449,000. This price point suggests a community where properties may hold or increase in value over time, making it a worthwhile consideration for those with the budget to invest. The diversity in the area also means a culturally rich environment, ideal for families or individuals seeking an inclusive neighborhood.

Real estate investors and agents will find the gap between total housing units (11,089) and occupied households (9,715) intriguing, as it hints at potential vacancies or underutilized properties. Coupled with a median rent of $1,561, there may be opportunities to acquire rental properties or flip homes in a market with steady demand.

Small-business owners can leverage the population of 24,726 and median income of $69,411 to target a customer base with disposable income. The diverse demographic makeup also opens doors for niche markets or culturally specific products and services, enhancing business appeal in 01002.

Analysts can use these metrics as a baseline for deeper studies into housing trends, economic growth, or community development, with the data providing a solid foundation for forecasting or comparative analysis.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 01002? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date stats on population, income, housing, and more, tailored to your needs.
• Use the insights to inform your next move, whether you’re buying a home, investing, or planning a business venture.