ZIP 01040 - 860Z200US01040 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 01040, understanding the local demographics and housing landscape is essential. Located in a dynamic area, this ZIP code offers a blend of diversity, affordability, and potential for growth. With a population of nearly 38,000 and a significant Hispanic community, ZIP 01040 presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. This snapshot, based on 2023 data, breaks down key metrics to help you make informed decisions about living, investing, or operating in this area.

Population & Households

ZIP 01040 is home to 37,949 residents, making it a moderately sized community with a vibrant local presence. These individuals are distributed across 15,524 households, reflecting a mix of family structures and living arrangements. The area also has 17,057 total housing units, indicating some availability of vacant or seasonal properties. For families and individuals looking to settle here, this suggests a community with established roots and room for new residents. Businesses and investors can also see potential in catering to a sizable and diverse population base.

Income & Housing Costs

The median household income in ZIP 01040 stands at $51,892, which reflects a moderate earning capacity for the area. This income level can guide businesses in pricing products or services and help homebuyers gauge affordability. On the housing front, the median home value is $255,300, offering a relatively accessible entry point for buyers compared to higher-priced markets. For renters, the median rent is $1,016 per month, providing a more budget-friendly option for those not ready to purchase. These figures are critical for investors assessing rental yields or property appreciation potential in this ZIP code.

Race & Ethnicity

ZIP 01040 boasts a diverse population, with a racial and ethnic composition that shapes its cultural fabric. The breakdown shows 43.48% of residents identifying as White, 51.55% as Hispanic, 2.48% as Black, and 0.65% as Asian. This significant Hispanic presence highlights the area as a hub of cultural richness, which can influence community events, local businesses, and market demands. For small-business owners, this diversity offers opportunities to cater to specific cultural needs or preferences, while homebuyers may appreciate the inclusive and varied social environment.

Key Facts

• Total population: 37,949 residents, offering a substantial market for businesses and services.
• Total households: 15,524, indicating a strong base of potential customers or tenants.
• Total housing units: 17,057, suggesting some availability for new residents or investors.
• Median household income: $51,892, a key indicator of local purchasing power.
• Median home value: $255,300, relatively affordable for prospective buyers.
• Median rent: $1,016, providing cost-effective options for renters.
• Ethnic diversity: Over 51% Hispanic, fostering a culturally vibrant community.

What This Means for You

For homebuyers, ZIP 01040 offers a promising mix of affordability and diversity. With a median home value of $255,300, it’s an attractive option for first-time buyers or those seeking value in their investment. The cultural richness, driven by a majority Hispanic population, also means a welcoming community with unique local flavor. Real estate investors and agents can capitalize on the area’s moderate home prices and rental rates ($1,016 median rent), which suggest opportunities for steady returns, especially with over 17,000 housing units in play. Small-business owners should note the population size and diversity—37,949 residents with varied backgrounds create demand for tailored goods and services, from ethnic foods to community-focused offerings. Analysts can use these metrics to benchmark ZIP 01040 against neighboring areas, identifying trends in income, housing, or demographic shifts for deeper market insights.

Run This Study Yourself

Want to dive deeper into ZIP 01040 or compare it with other areas? Follow these simple steps to uncover detailed demographic and housing insights on your own:

• Visit ZipcodeGPT to access a powerful tool for ZIP code analysis.
• Enter any ZIP code, like 01040, to pull up the latest data on population, income, housing, and more.
• Use the insights to inform your homebuying, investment, or business decisions with confidence.