ZIP 01605 - 860Z200US01605 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 01605 for your next home, investment property, or business location, this demographic and housing snapshot offers a clear picture of the area. Located in Worcester, Massachusetts, ZIP 01605 is a vibrant, diverse community with a population of over 31,000. Whether you’re a homebuyer, real estate investor, small-business owner, or data analyst, understanding the population dynamics, income levels, and housing trends here can help you make informed decisions. Let’s dive into the key metrics for 2023 to uncover what makes this area unique and how it might align with your goals.

Population & Households

ZIP 01605 is home to a substantial population of 31,086 residents, making it a bustling area with a mix of families, professionals, and individuals. These residents are spread across 11,886 households, reflecting a community with a strong residential presence. With 12,757 total housing units in the area, there’s a slight surplus of units over households, which could indicate some availability for new residents or investors looking for opportunities. This balance between population and housing suggests a stable yet dynamic environment for those considering a move or business venture in this ZIP code.

Income & Housing Costs

Financial metrics are critical when evaluating any area, and ZIP 01605 offers a median household income of $54,805. This figure provides a benchmark for affordability and economic activity, suggesting a community with moderate earning power. On the housing front, the median home value stands at $349,800, which reflects a competitive real estate market for central Massachusetts. For renters, the median rent is $1,362 per month, indicating a significant cost for those not ready to buy. These numbers are essential for homebuyers assessing affordability or investors calculating potential returns in this ZIP code.

Race & Ethnicity

One of the standout features of ZIP 01605 is its diverse population, which adds cultural richness to the community. The racial and ethnic composition breaks down as follows: 43.87% White, 12.98% Black, 4.58% Asian, and 33.58% Hispanic. This diversity creates a multifaceted environment that can appeal to a wide range of residents and business owners. For small businesses, this mix offers opportunities to cater to varied customer needs and cultural preferences, while homebuyers may appreciate the inclusive atmosphere that defines life in this area.

Key Facts

• Total population: 31,086 residents, indicating a sizable community.
• Total households: 11,886, showing a strong residential base.
• Total housing units: 12,757, suggesting some availability for new occupants.
• Median household income: $54,805, reflecting moderate economic stability.
• Median home value: $349,800, pointing to a competitive housing market.
• Median rent: $1,362, a notable cost for renters in the area.
• Diverse demographics: 33.58% Hispanic, 43.87% White, with significant Black and Asian populations.

What This Means for You

For homebuyers, ZIP 01605 presents a diverse and active community with a median home value of $349,800, which may suit those looking for a moderately priced market in Massachusetts. The slight surplus of housing units could mean opportunities to find a property, though competition remains due to the area’s appeal. Investors and real estate agents will note the potential for rental income, given the $1,362 median rent and a population that supports demand for housing. Small-business owners can leverage the cultural diversity—especially the significant Hispanic population of 33.58%—to offer tailored products or services that resonate with local needs. Analysts can use these metrics as a foundation for deeper studies on economic or social trends in ZIP 01605, ensuring data-driven insights for clients or stakeholders.

Run This Study Yourself

• Curious about other ZIP codes or want updated data for 01605? Explore detailed demographic and housing insights on your own.
• Visit ZipcodeGPT to access user-friendly tools that break down complex data into actionable information.
• Enter any ZIP code to uncover population stats, income levels, housing costs, and more—tailored to your specific needs.