ZIP 01843 - 860Z200US01843 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 01843 for your next home, investment, or business venture, understanding the local demographics and housing landscape is essential. Located in a dynamic area, this ZIP code offers a blend of diversity, affordability, and opportunity. With data from 2023, this snapshot provides a clear picture of the population, income levels, housing costs, and cultural composition. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about living or working in 01843.

Population & Households

ZIP code 01843 is home to a population of 28,444 residents as of 2023. This sizable community is distributed across 10,613 households, reflecting a vibrant and active area. The total number of housing units stands at 10,968, indicating a slight surplus of available properties compared to occupied households. This could suggest opportunities for prospective buyers or renters looking to settle in the area, as well as potential for investors eyeing vacant units.

Income & Housing Costs

The median household income in ZIP 01843 is $72,163, positioning it as a moderately affluent area with a solid economic base. For homebuyers and investors, the median house value of $393,700 offers a glimpse into the real estate market’s pricing trends. While this value reflects a significant investment, it may appeal to those seeking long-term growth in property value. Renters, on the other hand, face a median rent of $1,703 per month, which aligns with the income levels but underscores the importance of budgeting for housing costs. These figures provide a balanced view of affordability and opportunity in 01843.

Race & Ethnicity

One of the standout features of ZIP 01843 is its diverse population. The racial and ethnic composition in 2023 shows that 72.66% of residents identify as Hispanic, making it the predominant demographic group. White residents account for 18.68%, while Asian and Black populations represent 3.54% and 2.71%, respectively. This cultural diversity shapes the community’s identity, offering a rich tapestry of traditions, languages, and perspectives. For businesses and investors, this diversity can translate into unique market opportunities and a welcoming environment for varied customer bases.

Key Facts

• Total population: 28,444 residents in 2023, indicating a robust community size.
• Total households: 10,613, reflecting active residential engagement.
• Total housing units: 10,968, suggesting a small surplus of available properties.
• Median household income: $72,163, supporting a stable economic foundation.
• Median house value: $393,700, a noteworthy figure for real estate stakeholders.
• Median rent: $1,703, relevant for renters and property investors.
• Dominant ethnicity: Hispanic at 72.66%, highlighting significant cultural diversity.

What This Means for You

For homebuyers, ZIP 01843 presents a diverse and lively community with housing values that suggest potential for appreciation over time. The median home price of $393,700 may require careful financial planning, but the area’s income levels indicate a stable economic environment. Investors and real estate agents will note the slight gap between housing units and households, which could point to opportunities for rental properties or flips, especially given the median rent of $1,703. Small-business owners can leverage the area’s diversity—particularly the large Hispanic population—to tailor products, services, or marketing strategies to a unique demographic. Analysts will find the data useful for tracking trends in housing demand, income distribution, and cultural shifts in 01843, aiding in broader market studies or local planning.

Run This Study Yourself

• Curious about other ZIP codes or deeper insights into 01843? Start by visiting ZipcodeGPT to access powerful demographic tools.
• Enter any ZIP code to generate a customized report with the latest population, housing, and income data.
• Use the insights to make informed decisions for your home purchase, investment, or business strategy.