ZIP 01610 - 860Z200US01610 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 01610 for your next home, investment, or business venture, this demographic and housing snapshot offers a clear picture of the area in 2023. Located in Worcester, Massachusetts, this ZIP code is home to a diverse population and a dynamic housing market. Whether you’re a homebuyer, real estate investor, small-business owner, or data analyst, understanding the key metrics of 01610 can help you make informed decisions. Let’s dive into the latest data to uncover what makes this area unique and how it might align with your goals.

Population & Households

ZIP 01610 has a total population of 28,719 residents as of 2023, making it a moderately sized community within Worcester. This population is distributed across 9,259 households, reflecting a mix of family and individual living arrangements. With 10,263 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 to enter the market. These figures suggest a community with a stable base, offering opportunities for connection and growth for those moving in or setting up shop.

Income & Housing Costs

The median household income in ZIP 01610 stands at $43,757, which is an important benchmark for understanding the economic landscape. For homebuyers and businesses, this figure provides insight into the purchasing power of local residents. On the housing front, the median home value is $279,100, reflecting a market that may be accessible to a range of buyers, particularly those looking for entry-level or mid-range properties in the Worcester area. For renters, the median rent is $1,339 per month, which aligns with the income levels and suggests a balanced rental market. These metrics can help investors gauge potential returns and affordability for tenants or buyers.

Race & Ethnicity

ZIP 01610 is notably diverse, with a racial and ethnic composition that enriches the community’s cultural fabric. The population breakdown shows 33.6% White, 12.52% Black, 6.27% Asian, and a significant 41.88% Hispanic or Latino representation. This diversity can be a major draw for businesses seeking a broad customer base or for families looking for an inclusive environment. Understanding this mix is also valuable for real estate agents and investors aiming to tailor their strategies to the unique needs and preferences of the local population.

Key Facts

• Total population in ZIP 01610: 28,719 residents as of 2023.
• Total households: 9,259, indicating a mix of family and solo living.
• Total housing units: 10,263, suggesting some availability for new occupants.
• Median household income: $43,757, reflecting local economic conditions.
• Median home value: $279,100, a potential entry point for buyers.
• Median rent: $1,339, offering insight into rental affordability.
• Racial diversity: 41.88% Hispanic, 33.6% White, 12.52% Black, 6.27% Asian.

What This Means for You

For homebuyers, ZIP 01610 offers a chance to enter a market with a median home value of $279,100, which could be appealing if you’re seeking affordability in the Worcester region. The slight surplus of housing units over households might mean less competition for available properties. Investors and real estate agents can leverage the area’s diversity and moderate income levels to target specific buyer or renter demographics, while the rental market at $1,339 median rent suggests steady demand. Small-business owners will find a culturally rich customer base of nearly 29,000 people, ideal for businesses that thrive on community engagement or cater to varied tastes. Analysts can use these metrics as a foundation for deeper studies into housing trends or economic potential in 01610, ensuring data-driven insights for clients or stakeholders.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 01610? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access up-to-date population, housing, and income metrics tailored to your needs.
• Use the insights to inform your homebuying, investment, or business decisions with confidence.