ZIP 01854 - 860Z200US01854 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 01854, located in the Lowell area of Massachusetts, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of nearly 29,000 and a diverse cultural makeup, this area presents unique opportunities and challenges for homebuyers, real estate investors, small-business owners, and analysts. Drawing from the latest data, this article breaks down key metrics on population, income, housing costs, and racial composition to help you make informed decisions.

Population & Households

ZIP 01854 is home to 28,808 residents, making it a moderately sized community with a vibrant local presence. These individuals are distributed across 10,376 households, reflecting a mix of family structures and living arrangements. The total number of housing units stands at 10,960, indicating a slight surplus of available homes compared to occupied households. This gap could signal opportunities for buyers or investors looking to enter the market, as well as potential rental demand for landlords.

Income & Housing Costs

The median household income in ZIP 01854 is $70,397, which provides a solid economic foundation for many residents. This income level supports a housing market where the median home value is $360,500—a figure that reflects a competitive yet accessible market for buyers with moderate to high budgets. For renters, the median monthly rent is $1,477, which aligns with the income levels but may pose affordability challenges for lower-earning households. These numbers suggest a community where homeownership is attainable for many, though careful financial planning is essential for both buyers and renters.

Race & Ethnicity

ZIP 01854 stands out for its diverse population, which enriches the cultural fabric of the area. The racial composition includes 49.62% White, 11.61% Black, 12.68% Asian, and 21.56% Hispanic residents. This diversity creates a dynamic community environment, appealing to those who value multicultural neighborhoods. For businesses, this mix offers a broad customer base with varied needs and preferences, while homebuyers may find a welcoming, inclusive atmosphere that suits a range of lifestyles.

Key Facts

• Total population: 28,808 residents in 2023, indicating a sizable community.
• Total households: 10,376, with a mix of family and individual living arrangements.
• Total housing units: 10,960, suggesting some availability for new occupants.
• Median household income: $70,397, supporting a stable local economy.
• Median home value: $360,500, reflecting a competitive housing market.
• Median rent: $1,477 per month, a key consideration for renters and landlords.
• Diverse demographics: 49.62% White, 21.56% Hispanic, 12.68% Asian, and 11.61% Black.

What This Means for You

For homebuyers, ZIP 01854 offers a balanced market with a median home value of $360,500, which is within reach for those earning around or above the median household income of $70,397. The slight surplus of housing units (10,960 total versus 10,376 households) could mean less competition in certain segments, though you’ll want to act quickly on desirable properties. Investors and real estate agents should note the rental market’s potential, with a median rent of $1,477 indicating steady demand—especially in a diverse community where rental needs vary widely. Small-business owners can leverage the area’s cultural diversity (with significant Hispanic, Asian, and Black populations) to tailor products or services to a broad audience, while the solid income levels suggest reasonable purchasing power among residents. Analysts will find this data useful for tracking trends in housing affordability and demographic shifts, particularly in how diversity shapes local demand.

Run This Study Yourself

• Curious about other ZIP codes or deeper insights into ZIP 01854? Start by visiting ZipcodeGPT to access powerful demographic and housing analysis tools.
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