ZIP Code 01923 — Demographics & Housing Data 2023

Overview

If you're considering a move, investment, or business opportunity in ZIP 01923, understanding the local demographics and housing landscape is essential. Located in a vibrant area, this ZIP code offers a mix of residential stability and economic potential. With data from 2023, this snapshot provides a clear picture of the population, income levels, housing costs, and cultural composition. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about ZIP 01923.

Population & Households

ZIP 01923 is home to a population of 27,778 residents, making it a moderately sized community with a strong residential base. These individuals are distributed across 11,041 households, reflecting a community with diverse living arrangements. The total number of housing units stands at 11,405, indicating a slight surplus of available homes relative to occupied households. This balance suggests potential opportunities for buyers or renters looking to settle in the area, as well as for investors eyeing vacant properties.

Income & Housing Costs

One of the standout metrics for ZIP 01923 is its median household income, which sits at an impressive $117,072. This figure points to a relatively affluent community with significant purchasing power, an attractive trait for businesses targeting higher-income consumers. On the housing front, the median home value is $611,200, reflecting a robust real estate market where properties hold substantial value. For renters, the median rent is $2,004 per month, indicating a premium rental market that aligns with the area’s income and property values. These numbers suggest that ZIP 01923 is a place where financial stability meets a high cost of living, a key consideration for anyone planning to relocate or invest.

Race & Ethnicity

The demographic makeup of ZIP 01923 offers a glimpse into the cultural fabric of the area. The population is predominantly White, accounting for 88.22% of residents. Other groups include Black residents at 2.54%, Asian residents at 1.86%, and Hispanic or Latino individuals at 4.82%. This composition indicates a largely homogeneous community with smaller, yet notable, diverse populations. For businesses and community planners, understanding this breakdown can help tailor services, marketing, or outreach to resonate with the majority while addressing the needs of minority groups.

Key Facts

• Total population: 27,778 residents in ZIP 01923.
• Total households: 11,041, with 11,405 total housing units available.
• Median household income: $117,072, indicating strong economic capacity.
• Median home value: $611,200, a sign of a high-value real estate market.
• Median rent: $2,004 per month, reflecting a premium rental environment.
• Racial composition: 88.22% White, 2.54% Black, 1.86% Asian, 4.82% Hispanic.

What This Means for You

For homebuyers, ZIP 01923 presents a stable, affluent community with high property values. The median home price of $611,200 means you’ll need to budget for a significant investment, but the area’s income levels suggest a financially secure environment with potential for long-term value appreciation. Real estate investors and agents should note the slight surplus of housing units (11,405 vs. 11,041 households), which could signal opportunities for flipping or renting properties, especially given the strong rental demand at $2,004 median rent. Small-business owners can leverage the high median income of $117,072 to target premium products or services, though high rents may impact operating costs. Finally, analysts can use this data to benchmark ZIP 01923 against neighboring areas, focusing on income and housing trends to predict future growth or shifts in demand.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 01923? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access up-to-date population, income, and housing metrics tailored to your needs.
• Use the insights to make data-driven decisions for your next home purchase, investment, or business venture.