ZIP Code 02072 — Demographics & Housing Data 2023

Overview

If you’re considering a move, investment, or business opportunity in ZIP 02072, understanding the local demographics and housing landscape is essential. Located in a dynamic area, this ZIP code offers a blend of suburban appeal and economic opportunity. With a population of over 29,000 and a median household income above $100,000, it’s a community worth exploring for homebuyers, real estate investors, small-business owners, and analysts alike. This snapshot, based on 2023 data, breaks down key metrics to help you make informed decisions.

Population & Households

ZIP 02072 is home to a population of 29,074 residents, making it a moderately sized community with a strong residential base. These individuals are distributed across 10,861 households, reflecting a mix of family and individual living arrangements. The total number of housing units stands at 11,346, indicating a slight surplus of available homes relative to occupied households. This could signal opportunities for buyers or renters looking to settle in the area, as well as for investors eyeing potential rental properties.

Income & Housing Costs

Financially, ZIP 02072 stands out with a median household income of $104,164, suggesting a relatively affluent community with strong purchasing power. This income level supports a robust housing market, where the median house value is $496,700—a significant investment but reflective of the area’s desirability. For renters, the median rent is $1,993 per month, which aligns with the higher cost of living and indicates a competitive rental market. These figures are crucial for homebuyers assessing affordability and for investors calculating potential returns on property investments.

Race & Ethnicity

The demographic makeup of ZIP 02072 is diverse, offering a multicultural environment that can appeal to a wide range of residents and businesses. The racial composition includes 59.91% White, 17.53% Black, 5.71% Asian, and 4.51% Hispanic residents. This diversity fosters a vibrant community culture, which can be a draw for families seeking inclusive neighborhoods and for businesses aiming to serve varied customer bases. Understanding this mix helps stakeholders anticipate community needs and tailor their strategies accordingly.

Key Facts

• Total population: 29,074 residents, providing a substantial local market.
• Total households: 10,861, indicating a strong residential foundation.
• Total housing units: 11,346, suggesting some availability for new occupants.
• Median household income: $104,164, reflecting economic stability.
• Median house value: $496,700, a marker of a high-value real estate market.
• Median rent: $1,993, pointing to a premium rental landscape.
• Diverse population: 59.91% White, 17.53% Black, 5.71% Asian, 4.51% Hispanic.

What This Means for You

For homebuyers, ZIP 02072 offers a stable, affluent community with a median home value of nearly $500,000, ideal for those seeking long-term value in a diverse and vibrant area. The slight surplus of housing units (11,346 total versus 10,861 households) may provide some negotiating room, though the high median rent of $1,993 suggests renting could be a costly alternative. Investors and real estate agents will find a promising market here, with strong household incomes supporting both sales and rental opportunities—consider focusing on properties that cater to families or professionals drawn to the area’s economic strength. Small-business owners can leverage the population of over 29,000 and the cultural diversity to target a broad customer base; retail or service-based businesses could thrive by addressing the needs of this mixed demographic. Analysts can use these metrics to benchmark ZIP 02072 against neighboring areas, identifying trends in income growth or housing demand for deeper market studies.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 02072? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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