ZIP Code 01886 — Demographics & Housing Data 2023

Overview

If you're considering ZIP code 01886 for your next home, investment, or business venture, this demographic and housing snapshot offers a clear picture of what to expect. Located in a vibrant community, this area boasts a population of over 24,000 and a strong economic profile. Whether you're a homebuyer, real estate investor, small-business owner, or data analyst, understanding the makeup of 01886 can help you make informed decisions. Let’s dive into the key metrics for 2023, focusing on population, income, housing, and diversity.

Population & Households

ZIP code 01886 is home to 24,584 residents, making it a moderately sized community with a mix of families, professionals, and individuals. These residents are distributed across 8,814 households, reflecting a stable and established area. With 9,181 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. This balance suggests a community that’s neither overcrowded nor underpopulated, offering a comfortable density for various lifestyles.

Income & Housing Costs

One of the standout features of ZIP 01886 is its robust economic profile. The median household income stands at an impressive $181,523, indicating a high-earning population with significant purchasing power. This level of income supports a strong housing market, where the median home value is $689,400. For renters, the median monthly rent is $2,068, reflecting the premium nature of living in this area. These figures suggest that 01886 is a desirable location for those who can afford its higher cost of living, potentially offering stability and long-term value for homeowners and investors alike.

Race & Ethnicity

The demographic composition of ZIP 01886 reveals a diverse yet predominantly white community, with 70.35% of residents identifying as white. The Asian population is notably significant at 23.25%, contributing to the area’s cultural richness. Hispanic residents make up 2.6% of the population, while Black residents account for just 0.09%. This mix indicates a community with a strong multicultural presence, particularly among Asian households, which could influence local businesses, schools, and community events. For those prioritizing diversity in their living or business environment, 01886 offers a blend of perspectives while maintaining a majority demographic.

Key Facts

• Total population: 24,584 residents in ZIP 01886.
• Total households: 8,814, with an average household size implied by population distribution.
• Total housing units: 9,181, suggesting some availability for new occupants.
• Median household income: $181,523, reflecting a high-earning community.
• Median home value: $689,400, indicative of a premium real estate market.
• Median rent: $2,068 per month, aligning with the area’s upscale housing costs.
• Racial composition: 70.35% white, 23.25% Asian, 2.6% Hispanic, 0.09% Black.

What This Means for You

For homebuyers, ZIP 01886 presents an opportunity to invest in a high-value area with a median home price of $689,400, backed by a community of high earners. The slight surplus of housing units could mean less competition for available properties, though the price point requires financial readiness. Real estate investors and agents will find a stable market here, with strong income levels suggesting reliable demand for both sales and rentals—especially at a median rent of $2,068. Small-business owners can tap into a wealthy and diverse customer base, particularly by catering to the significant Asian population or offering premium services that match the area’s income profile. Analysts will appreciate the clear economic and demographic trends in 01886, which point to a low-risk, high-reward environment for various ventures.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 01886? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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