ZIP 01545 - 860Z200US01545 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 01545, located in the heart of Massachusetts, this demographic and housing snapshot offers a clear picture of the area. With data from 2023, we’ve compiled key metrics on population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Whether you’re eyeing a family home, a rental property, or a commercial space, understanding ZIP 01545’s profile is your first step to success.

Population & Households

ZIP 01545 is home to a substantial population of 38,440 residents, making it a vibrant and active community. These individuals are distributed across 14,508 households, reflecting a mix of family sizes and living arrangements. The total number of housing units in the area stands at 15,318, indicating a slight surplus of available homes compared to occupied households. This balance suggests potential opportunities for buyers or renters looking to settle in a well-populated yet not overly crowded area.

Income & Housing Costs

Financially, ZIP 01545 stands out with a median household income of $136,225, pointing to a relatively affluent community. This strong income level supports a robust housing market, where the median house value reaches $555,500. For those considering renting, the median rent is $2,046 per month, reflecting the premium cost of living in this area. These figures suggest that ZIP 01545 caters to higher-income households, which could influence decisions for investors targeting upscale properties or businesses aiming for a wealthier customer base.

Race & Ethnicity

The demographic makeup of ZIP 01545 is notably diverse, offering a multicultural environment that appeals to a wide range of residents and businesses. The racial composition includes 62.8% White, 3.12% Black, 23.65% Asian, and 4.66% Hispanic residents. This diversity, particularly the significant Asian population, shapes the cultural fabric of the area, potentially influencing local markets, dining options, and community events. For businesses and investors, this mix presents opportunities to cater to varied preferences and needs.

Key Facts

• Total population in ZIP 01545: 38,440 residents, indicating a sizable community.
• Total households: 14,508, with a range of family and individual living arrangements.
• Total housing units: 15,318, suggesting some availability for new occupants.
• Median household income: $136,225, reflecting a high-earning population.
• Median house value: $555,500, positioning this as an upscale housing market.
• Median rent: $2,046 per month, aligning with the area’s premium cost of living.
• Racial diversity: 62.8% White, 23.65% Asian, 3.12% Black, and 4.66% Hispanic.

What This Means for You

For homebuyers, ZIP 01545 offers a prosperous community with high property values, ideal if you’re seeking a long-term investment in a stable, affluent area. The median home value of $555,500 suggests you’ll need a strong budget, but the quality of life and diverse population could make it worthwhile. Real estate investors and agents will find potential in the slight surplus of housing units (15,318 vs. 14,508 households), which may indicate room for rental properties or flips, especially given the high median rent of $2,046. Keep in mind the upscale market—your target tenants or buyers will likely expect premium amenities.

For small-business owners, the high median income of $136,225 signals a customer base with disposable income, perfect for retail, dining, or service-based ventures. The diverse demographic, especially the significant Asian population (23.65%), also opens doors for culturally specific offerings. Analysts can use these metrics to benchmark ZIP 01545 against nearby areas, focusing on income and housing trends to predict future growth or shifts in demand.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 01545? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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