ZIP 01905 - 860Z200US01905 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 01905 for a home purchase, investment opportunity, or business location, understanding the local demographics and housing landscape is essential. Located in a dynamic area, this ZIP code offers a diverse population and a mix of housing options. This snapshot, based on 2023 data, provides a clear picture of the community’s makeup, income levels, and real estate metrics. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights can help you make informed decisions about opportunities in 01905.

Population & Households

ZIP code 01905 is home to a population of 27,188 residents as of 2023. This sizable community is distributed across 9,055 households, reflecting a vibrant and active area. The total number of housing units stands at 9,583, indicating a slight surplus of available properties compared to occupied households. This could suggest opportunities for prospective buyers or renters looking to move into the area, as well as potential for investors eyeing vacant units.

Income & Housing Costs

The median household income in ZIP 01905 is $84,341, which points to a relatively strong economic base for the area. This income level supports a housing market where the median house value is $443,200, reflecting a competitive yet accessible real estate environment for buyers with moderate to high budgets. For renters, the median rent is $1,749 per month, which aligns with the income levels but may require careful budgeting for some households. These figures provide a balanced view of affordability and investment potential in 01905, catering to a range of financial situations.

Race & Ethnicity

The demographic composition of ZIP 01905 is notably diverse, offering a multicultural environment that can appeal to a wide array of residents and businesses. The population identifies as 35.21% White, 11.38% Black, 7.04% Asian, and 40.31% Hispanic. This diversity shapes the cultural fabric of the community, influencing local businesses, schools, and social dynamics. For business owners, this mix presents opportunities to cater to varied customer preferences, while homebuyers may appreciate the inclusive atmosphere of the neighborhood.

Key Facts

• Total population in ZIP 01905: 27,188 residents.
• Total households: 9,055, with 9,583 total housing units available.
• Median household income: $84,341, supporting a stable local economy.
• Median house value: $443,200, indicating a competitive housing market.
• Median rent: $1,749 per month, reflecting rental demand.
• Diverse population: 40.31% Hispanic, 35.21% White, 11.38% Black, and 7.04% Asian.

What This Means for You

For homebuyers, ZIP 01905 offers a diverse community with housing values around $443,200, which may suit those with a solid budget looking for a culturally rich area. The slight surplus of housing units (9,583 vs. 9,055 households) could mean less competition for available properties, potentially easing the buying process. Investors and real estate agents might find value in the rental market, where a median rent of $1,749 suggests steady demand, especially given the area’s population size and income levels. The diversity and population density also indicate potential for long-term growth in property values. For small-business owners, the multicultural demographic (with a significant Hispanic population at 40.31%) offers a chance to tailor products or services to a varied customer base, while the median income of $84,341 suggests reasonable purchasing power in the community. Analysts can use these metrics to benchmark 01905 against nearby ZIP codes for deeper market studies or trend analysis.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 01905? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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