ZIP Code 01851 — Demographics & Housing Data 2023

Overview

If you’re considering a move, investment, or business opportunity in ZIP 01851, located in the Lowell area of Massachusetts, this demographic and housing snapshot offers a clear picture of the community. 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. Let’s dive into what makes ZIP 01851 unique and how its characteristics can align with your goals.

Population & Households

ZIP 01851 is home to a vibrant community of 32,308 residents. This sizable population supports a diverse and active local economy, making it an attractive area for businesses and families alike. The area comprises 11,321 households, reflecting a mix of family units, singles, and shared living arrangements. With 11,759 total housing units, there’s a slight surplus of homes compared to households, which could indicate some availability for new residents or investors looking to enter the market.

Income & Housing Costs

The median household income in ZIP 01851 stands at $87,962, suggesting a relatively strong earning capacity among residents. This income level can support a comfortable lifestyle and indicates potential spending power for local businesses. On the housing front, the median home value is $432,100, positioning this area as a mid-to-high range market. For renters, the median monthly rent is $1,686, which reflects the cost of living in a desirable location. These figures are critical for homebuyers assessing affordability and for investors evaluating rental yield potential.

Race & Ethnicity

ZIP 01851 boasts a notably diverse population, which enriches the cultural fabric of the community. The racial composition breaks down as follows: 40.43% Asian, 30.81% White, 14.27% Hispanic, and 9.1% Black, with the remainder identifying as other or multiracial. This diversity can be a significant draw for businesses aiming to serve varied customer bases and for families seeking inclusive environments. It also signals a community open to different perspectives and backgrounds, a valuable asset in today’s interconnected world.

Key Facts

• Total population: 32,308 residents, offering a robust local market.
• Total households: 11,321, indicating a mix of family and individual living arrangements.
• Total housing units: 11,759, suggesting some availability for new occupants.
• Median household income: $87,962, reflecting solid earning potential.
• Median home value: $432,100, a competitive price point in the region.
• Median rent: $1,686 per month, aligning with the area’s cost of living.
• Diverse demographics: 40.43% Asian, 30.81% White, 14.27% Hispanic, 9.1% Black.

What This Means for You

For homebuyers, ZIP 01851 offers a diverse and dynamic community with a median home value of $432,100, which may appeal to those seeking a stable investment in a culturally rich area. The slight surplus of housing units could mean less competition for available properties, though the median rent of $1,686 suggests renting is also a viable option for flexibility.

For investors and real estate agents, the combination of a solid median income ($87,962) and a diverse population points to strong demand for both rental and purchase properties. The rental market, with a median rent of $1,686, could provide consistent returns, while the home value indicates room for appreciation in a growing area.

For small-business owners, the population of over 32,000 and the cultural diversity offer a broad customer base. The income levels suggest residents have disposable income to spend on goods and services, making this ZIP code a promising spot for retail, dining, or service-based ventures.

For analysts, these metrics provide a foundation for deeper market studies, whether you’re exploring housing trends, economic stability, or demographic shifts. The data highlights a balanced community with growth potential.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 01851? Visit ZipcodeGPT to access powerful demographic and housing analysis tools tailored to your needs.
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