ZIP 02127 - 860Z200US02127 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 02127, located in the heart of South Boston, Massachusetts, this demographic and housing snapshot offers a clear picture of the area in 2023. With a robust population, high median income, and competitive housing market, this ZIP code presents unique opportunities and challenges for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the latest data to help you make informed decisions about living, working, or investing here.

Population & Households

ZIP 02127 is home to 36,646 residents, making it a vibrant and densely populated urban area. This population supports a diverse community with a strong local economy. The area comprises 17,895 households, reflecting a mix of families, professionals, and individuals drawn to the dynamic lifestyle South Boston offers. With 19,495 total housing units, there’s a slight surplus of homes compared to households, which could indicate some availability for new residents or investors looking to enter the market.

Income & Housing Costs

One of the standout metrics for ZIP 02127 is its median household income of $156,373, which signals a high-earning community with significant purchasing power. This income level positions the area as an attractive spot for businesses catering to affluent customers. On the housing front, the median house value stands at $858,600, reflecting a premium real estate market that demands substantial investment. For renters, the median rent is $2,435 per month, indicating a costly rental landscape that aligns with the area’s upscale profile. These figures underscore the financial commitment required to live or invest in this ZIP code.

Race & Ethnicity

The demographic makeup of ZIP 02127 offers insight into its cultural fabric. The population is predominantly White at 77.53%, with smaller but notable representation from other groups: Hispanic residents make up 10.0%, Asian residents account for 6.74%, and Black residents comprise 2.95%. This diversity, while not as pronounced as in some urban areas, still contributes to a varied community that can appeal to a range of residents and businesses seeking inclusive environments.

Key Facts

• Total population: 36,646 residents in 2023, indicating a sizable urban community.
• Total households: 17,895, supporting a mix of family and individual living arrangements.
• Total housing units: 19,495, suggesting some potential availability for new occupants.
• Median household income: $156,373, reflecting a high-earning demographic.
• Median house value: $858,600, positioning this as a premium real estate market.
• Median rent: $2,435 per month, indicative of a competitive rental market.
• Racial composition: 77.53% White, 10.0% Hispanic, 6.74% Asian, 2.95% Black, showing moderate diversity.

What This Means for You

For homebuyers, ZIP 02127 offers a prestigious address with high-quality housing, but the median home value of $858,600 means you’ll need significant financial resources or a strong mortgage plan. The high median rent of $2,435 also suggests that renting could be a costly alternative while you save for a purchase. Real estate investors and agents will find a lucrative market here, given the high property values and income levels, though the limited surplus of housing units (19,495 total units versus 17,895 households) means competition for available properties could be fierce. Focus on properties with unique appeal or potential for appreciation. For small-business owners, the affluent demographic with a median income of $156,373 presents an opportunity to target premium products or services, especially in retail, dining, or professional sectors. Finally, analysts can use this data to benchmark ZIP 02127 against neighboring areas, identifying trends in income growth or housing demand that could shape future market predictions.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 02127? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your specific interests.
• Use the insights to make data-driven decisions, whether you’re buying a home, investing in property, or planning a business venture.