ZIP 02050 - 860Z200US02050 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 02050, understanding the local demographics and housing landscape is essential. Located in a vibrant area, this ZIP code offers a snapshot of a community with a population of over 25,000 and a strong economic foundation. In this detailed breakdown, we’ll explore key metrics from 2023, including population, income, housing costs, and racial composition, to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions.

Population & Households

ZIP 02050 is home to a population of 25,903 residents as of 2023. This sizable community is distributed across 10,260 households, reflecting a mix of family and individual living arrangements. With 11,697 total housing units in the area, there’s a notable presence of both occupied and vacant properties, which could signal opportunities for buyers or investors looking to enter the market. The ratio of households to population suggests an average household size of about 2.5, indicating a balanced mix of smaller and larger family units.

Income & Housing Costs

One of the standout metrics for ZIP 02050 is its median household income of $125,436, which points to a relatively affluent community. This income level supports a robust housing market, with a median house value of $622,600. For those renting, the median rent stands at $1,620 per month, reflecting the premium cost of living in this area. These figures suggest that ZIP 02050 is a desirable location for those with higher earning potential, but they also highlight the need for careful financial planning for prospective buyers or renters.

Race & Ethnicity

The demographic makeup of ZIP 02050 shows a predominantly white population at 94.8%. Other racial and ethnic groups include Black residents at 0.61%, Asian residents at 0.66%, and Hispanic individuals at 2.16%. This composition indicates a largely homogeneous community, which may influence cultural dynamics, local businesses, and community services. For business owners or investors, understanding this demographic profile can help tailor offerings or marketing strategies to align with the area’s predominant population.

Key Facts

• Total population in ZIP 02050: 25,903 residents as of 2023.
• Total households: 10,260, with an average household size of approximately 2.5.
• Total housing units: 11,697, including both occupied and vacant properties.
• Median household income: $125,436, indicating a strong economic base.
• Median house value: $622,600, reflecting a high-value real estate market.
• Median rent: $1,620 per month, aligning with the area’s premium cost of living.
• Racial composition: 94.8% white, with small percentages of Black, Asian, and Hispanic residents.

What This Means for You

For homebuyers, ZIP 02050 offers a stable, affluent community with high property values. The median house value of $622,600 suggests a competitive market, so be prepared for significant investment and consider working with a local agent to find the best deals. The median rent of $1,620 also indicates that renting could be a viable short-term option while you explore ownership opportunities.

For real estate investors and agents, the presence of 11,697 housing units, with some likely vacant, could point to potential for flips, rentals, or new listings. The high median income of $125,436 suggests residents have the purchasing power to support premium properties or developments, making this ZIP code a promising area for investment.

For small-business owners, the demographic profile and income levels indicate a customer base with disposable income. Tailoring products or services to a predominantly white, higher-income demographic could yield strong returns. Additionally, the population size of 25,903 ensures a sizable local market to tap into.

For analysts, these metrics provide a clear picture of a prosperous, stable community. The data can be used to benchmark against nearby ZIP codes or to assess long-term growth potential in housing and economic trends.

Run This Study Yourself

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