ZIP 01109 - 860Z200US01109 — Demographic Snapshot (2023)

Overview

If you're considering ZIP code 01109 for your next home, investment property, or business location, understanding the local demographics and housing landscape is essential. Located in Springfield, Massachusetts, this area offers a diverse community and a range of opportunities for different stakeholders. Using the latest 2023 data, this snapshot provides a clear picture of population trends, income levels, housing costs, and cultural composition to help you make informed decisions. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, these insights will guide your next steps in ZIP 01109.

Population & Households

ZIP 01109 is home to a population of 31,418 residents, making it a moderately sized community with a vibrant local presence. These individuals are distributed across 9,746 households, reflecting a mix of family structures and living arrangements. With 10,786 total housing units in the area, there’s a noticeable gap between occupied and available units, which could signal opportunities for investors or buyers looking for properties in this ZIP code. The household-to-population ratio suggests an average of about 3.2 people per household, indicating a community with a blend of families and smaller living units.

Income & Housing Costs

Financial metrics are critical when evaluating any area for personal or professional moves. In ZIP 01109, the median household income stands at $46,821, which provides a benchmark for affordability and economic activity in the region. On the housing front, the median house value is $203,100, offering a relatively accessible entry point for homebuyers compared to many urban markets. For renters, the median rent is $1,112 per month, reflecting a cost that aligns with the area’s income levels. These figures suggest that ZIP 01109 could be a practical choice for those seeking affordable housing options without sacrificing community size or diversity.

Race & Ethnicity

The cultural fabric of ZIP 01109 is notably diverse, creating a rich and inclusive environment. The racial and ethnic composition breaks down as follows: 45.38% Hispanic, 30.76% Black, 17.85% White, and 1.38% Asian. This diversity is a significant draw for individuals and businesses looking to engage with a wide range of perspectives and customer bases. For families, this mix can mean access to varied cultural experiences and community events, while businesses may find opportunities to cater to niche markets within this dynamic population.

Key Facts

• Total population in ZIP 01109: 31,418 residents.
• Total households: 9,746, with an average of 3.2 people per household.
• Total housing units: 10,786, with some units potentially available for purchase or rent.
• Median household income: $46,821, reflecting moderate economic conditions.
• Median house value: $203,100, an accessible price point for many buyers.
• Median rent: $1,112 per month, aligning with local income levels.
• Diverse community: 45.38% Hispanic, 30.76% Black, 17.85% White, and 1.38% Asian.

What This Means for You

For homebuyers, ZIP 01109 offers a compelling mix of affordability and community diversity. With a median house value of $203,100, this area could be a smart choice for first-time buyers or those looking to downsize without breaking the bank. The rental market, with a median cost of $1,112, also provides options for those not ready to commit to ownership. Real estate investors and agents will note the gap between total housing units and occupied households, which may indicate potential for flipping properties or securing rental income in a growing market. Small-business owners can leverage the area’s diverse population to target specific demographics or offer culturally relevant products and services, while the moderate median income suggests a customer base with steady purchasing power. Analysts can use these metrics as a baseline for deeper studies into economic or housing trends in ZIP 01109, ensuring data-driven strategies.

Run This Study Yourself

Want to dive deeper into ZIP 01109 or explore another area’s demographics and housing data? Follow these simple steps to get tailored insights:

• Visit ZipcodeGPT to access a powerful tool for ZIP code analysis.
• Enter the ZIP code of interest to pull up the latest demographic and housing metrics.
• Use the detailed reports to inform your homebuying, investment, or business decisions with confidence.