ZIP 02038 - 860Z200US02038 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 02038, understanding the local demographics and housing landscape is essential. Located in a vibrant community, this area offers a mix of suburban charm and economic strength. With data from 2023, this snapshot provides a clear picture of the population, income levels, housing costs, and cultural diversity in ZIP 02038. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about this region.

Population & Households

ZIP 02038 is home to a population of 33,067 residents, making it a moderately sized community with a strong residential base. These individuals are distributed across 12,339 households, reflecting a stable and established area. The total number of housing units stands at 12,889, indicating a slight surplus of available homes compared 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 features of ZIP 02038 is its robust economic profile. The median household income here is $142,788, pointing to a high-earning community with significant purchasing power. This income level supports a strong housing market, where the median home value is $567,100. For renters, the median monthly rent is $1,856, which aligns with the area’s higher cost of living but also reflects access to quality housing and amenities. These figures suggest that ZIP 02038 is a desirable location for those who can afford the premium associated with living in an affluent area.

Race & Ethnicity

The demographic makeup of ZIP 02038 is predominantly White, with 83.76% of the population identifying as such. Other racial and ethnic groups contribute to the area’s diversity, including Asian residents at 6.08%, Hispanic or Latino individuals at 4.99%, and Black residents at 2.0%. This composition indicates a primarily homogeneous community with growing multicultural influences. For businesses and investors, this mix offers a chance to cater to a largely stable demographic while also considering niche markets within smaller, diverse segments of the population.

Key Facts

• Total population in ZIP 02038: 33,067 residents.
• Total households: 12,339, with 12,889 total housing units available.
• Median household income: $142,788, reflecting strong economic stability.
• Median home value: $567,100, indicative of a premium housing market.
• Median monthly rent: $1,856, consistent with the area’s higher living costs.
• Racial composition: 83.76% White, 6.08% Asian, 4.99% Hispanic, 2.0% Black.

What This Means for You

For homebuyers, ZIP 02038 offers a high-quality living environment backed by a median household income of $142,788 and home values averaging $567,100. This suggests a stable, upscale market where properties are likely to retain or grow in value over time. However, the cost of entry—whether buying or renting at $1,856 per month—requires careful financial planning.

Real estate investors and agents will find opportunities in the slight surplus of housing units (12,889 total vs. 12,339 households), which could mean available properties for flipping, renting, or holding as long-term assets. The affluent demographic also supports demand for premium listings and services.

Small-business owners can leverage the area’s strong income levels and population of over 33,000 to target a consumer base with disposable income. Whether opening a retail store, service-based business, or restaurant, the diversity (albeit limited) offers room for specialized offerings that cater to smaller ethnic or cultural groups.

Analysts can use this data as a benchmark to compare ZIP 02038 with neighboring areas, focusing on income disparities, housing trends, or demographic shifts to inform broader market studies or policy recommendations.

Run This Study Yourself

• Curious about another ZIP code or want to dive deeper into ZIP 02038? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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• Use the insights to make data-driven decisions, whether you're buying a home, investing, or planning a business venture.