ZIP 02118 - 860Z200US02118 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 02118, located in the heart of Boston, Massachusetts, understanding the area’s demographic and housing landscape is essential. This snapshot, based on 2023 data, provides a clear picture of the population, income levels, housing costs, and cultural diversity in this vibrant urban area. Whether you’re a homebuyer, real estate investor, small-business owner, or data analyst, these insights can help you make informed decisions tailored to your goals.

Population & Households

ZIP 02118 is home to a population of 28,522 residents, reflecting a dynamic and densely populated urban community. This area supports 14,185 households, indicating a mix of family units, singles, and shared living arrangements typical of city environments. With 15,554 total housing units, there’s a slight surplus of properties over occupied households, which could signal opportunities for buyers or renters, though availability may still be competitive given the urban setting.

Income & Housing Costs

The median household income in ZIP 02118 stands at $90,142, suggesting a relatively affluent community compared to national averages. This income level supports a robust local economy, which can be a draw for businesses and investors. However, housing costs reflect the premium nature of this area. The median house value is a striking $1,029,100, pointing to a high barrier to entry for homeownership. For renters, the median rent is $1,748 per month, which, while significant, may be more accessible for those not ready to buy. These figures highlight the importance of financial planning for anyone eyeing this ZIP code.

Race & Ethnicity

ZIP 02118 boasts a diverse cultural fabric, which adds to its appeal as a place to live or do business. The racial composition includes 47.88% White, 14.26% Black, 16.62% Asian, and 15.89% Hispanic residents. This mix fosters a multicultural environment, offering a variety of perspectives, cuisines, and community events. For businesses, this diversity can translate into a broad customer base, while for residents, it enriches the social experience of living in the area.

Key Facts

• Total population: 28,522 residents, indicative of a bustling urban hub.
• Total households: 14,185, showing a strong residential base.
• Total housing units: 15,554, suggesting some availability despite high demand.
• Median household income: $90,142, reflecting economic strength.
• Median house value: $1,029,100, a premium price point for buyers.
• Median rent: $1,748, a significant but potentially manageable cost for renters.
• Diverse demographics: Nearly half White (47.88%), with significant Asian (16.62%), Hispanic (15.89%), and Black (14.26%) populations.

What This Means for You

For homebuyers, ZIP 02118 offers a vibrant, diverse community but comes with a steep price tag. With median home values over $1 million, you’ll need substantial savings or financing to enter this market. Renting might be a more feasible short-term option at $1,748 monthly, allowing you to experience the area before committing to a purchase.

For investors and real estate agents, the high property values and slight surplus of housing units (15,554 vs. 14,185 households) suggest potential for rental income or flipping properties, though competition and upfront costs are significant hurdles. The strong median income of residents also indicates a market capable of supporting premium pricing.

For small-business owners, the diverse population and solid income levels present a promising customer base. Whether you’re opening a restaurant, retail shop, or service-based business, the cultural mix and economic stability of ZIP 02118 could drive demand for tailored offerings.

For analysts, these metrics provide a foundation for deeper research into urban trends, housing affordability, and demographic shifts, helping to predict future growth or challenges in this area.

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