ZIP 01906 - 860Z200US01906 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 01906, located in Saugus, Massachusetts, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of nearly 28,600 and a robust housing market, this ZIP code presents unique opportunities and challenges for homebuyers, real estate investors, small-business owners, and analysts. Let’s dive into the data to help you make informed decisions about living, investing, or operating in this community.

Population & Households

ZIP 01906 is home to 28,599 residents, making it a moderately sized community with a diverse mix of families, professionals, and retirees. The area supports 10,701 households, reflecting a strong residential base. With 11,259 total housing units, there’s a slight surplus of homes compared to occupied households, which could indicate some availability for new residents or investors looking for rental properties. This balance suggests a stable community with room for growth, ideal for those seeking a suburban feel with access to nearby urban centers like Boston.

Income & Housing Costs

The median household income in ZIP 01906 stands at $100,819, signaling a relatively affluent area where many residents enjoy a comfortable standard of living. This income level supports a strong local economy, which can be a draw for small businesses catering to middle- and upper-middle-class consumers. On the housing front, the median home value is $589,500, reflecting a competitive real estate market that may appeal to investors seeking long-term appreciation. For renters, the median rent is $1,982 per month, indicating a premium rental market that could be profitable for landlords but may pose affordability challenges for some prospective tenants.

Race & Ethnicity

The demographic makeup of ZIP 01906 offers insight into the community’s cultural diversity. The population is predominantly White at 74.34%, with significant representation from Hispanic or Latino residents at 12.27%. Black or African American residents account for 4.78%, while Asian residents make up 2.88%. This diversity can enrich the community’s social fabric, offering a blend of perspectives and cultural influences that may appeal to families, businesses, and investors looking for an inclusive environment.

Key Facts

• Total population: 28,599 residents in 2023.
• Total households: 10,701, supporting a strong residential community.
• Total housing units: 11,259, suggesting some availability for new occupants.
• Median household income: $100,819, indicating a prosperous local economy.
• Median home value: $589,500, reflecting a high-demand housing market.
• Median rent: $1,982 per month, pointing to a premium rental market.
• Racial composition: 74.34% White, 12.27% Hispanic, 4.78% Black, 2.88% Asian.

What This Means for You

For homebuyers, ZIP 01906 offers a stable, affluent community with a median home value of $589,500. While the price point is on the higher side, the area’s strong median income suggests a financially secure neighborhood with good schools and amenities—perfect for families or professionals. Be prepared for a competitive market and consider working with a local agent to find the best opportunities.

For investors and real estate agents, the slight surplus of housing units (11,259 total vs. 10,701 households) hints at potential for rental properties or flips, especially given the high median rent of $1,982. The area’s appreciating home values also make it a candidate for long-term investment, though high entry costs may require careful financial planning.

For small-business owners, the median household income of $100,819 indicates a customer base with disposable income, ideal for retail, dining, or service-based businesses. The diverse population also means you can tailor offerings to a variety of cultural preferences, enhancing your market reach.

For analysts, the data points to a balanced, growing community with economic stability. Keep an eye on housing occupancy trends and income growth to predict future demand for housing or commercial spaces in ZIP 01906.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 01906? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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