ZIP 02131 - 860Z200US02131 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 02131, located in the heart of Boston's Roslindale neighborhood, 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 community. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, these insights can help you make informed decisions about living, working, or investing in ZIP 02131.

Population & Households

ZIP 02131 is home to a population of 31,564 residents, making it a moderately sized urban community. These individuals are distributed across 12,449 households, reflecting a mix of family and individual living arrangements. With 13,264 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could indicate some availability for new residents or investors looking for properties. This balance between population and housing suggests a stable community with room for growth or turnover, depending on market conditions.

Income & Housing Costs

The median household income in ZIP 02131 stands at a robust $109,237, positioning this area as a relatively affluent part of the Boston metro region. This income level supports a strong local economy, which can be a draw for businesses and investors seeking a financially stable customer base. On the housing front, the median house value is $634,200, reflecting the high demand for real estate in this desirable neighborhood. For renters, the median rent is $1,999 per month, indicating a competitive rental market that aligns with the area’s overall cost of living. These figures suggest that while ZIP 02131 offers economic opportunity, it also comes with a significant cost for housing, whether buying or renting.

Race & Ethnicity

ZIP 02131 is a culturally diverse community, with a racial and ethnic composition that reflects a rich tapestry of backgrounds. White residents make up 50.14% of the population, followed by Black residents at 21.48%, and Hispanic or Latino residents at 19.91%. Asian residents account for 2.88% of the population. This diversity contributes to a dynamic local culture, offering a blend of perspectives, traditions, and community events that can enrich life for residents and provide unique opportunities for businesses catering to varied demographics.

Key Facts

• Total population: 31,564 residents in ZIP 02131.
• Total households: 12,449, with a mix of family and individual units.
• Total housing units: 13,264, suggesting some availability for new occupants.
• Median household income: $109,237, indicating a strong local economy.
• Median house value: $634,200, reflecting a high-demand real estate market.
• Median rent: $1,999 per month, competitive for the Boston area.
• Diverse population: 50.14% White, 21.48% Black, 19.91% Hispanic, 2.88% Asian.

What This Means for You

For homebuyers, ZIP 02131 offers a vibrant, diverse community with a strong economic base, but be prepared for higher housing costs—both for purchasing (median value $634,200) and renting (median $1,999). The slight surplus of housing units could mean opportunities to find a home, though competition remains stiff in this desirable area. Investors and real estate agents will find a lucrative market here, with high property values and income levels suggesting good returns on investment, especially for rental properties catering to a financially stable demographic. Small-business owners can benefit from the area’s diversity and solid median income, which supports a customer base with disposable income for goods and services—consider tailoring offerings to the cultural mix of the community. Analysts can use these metrics to benchmark ZIP 02131 against other Boston-area ZIP codes, identifying trends in housing demand or demographic shifts that could influence future market dynamics.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 02131? Start by visiting ZipcodeGPT for a user-friendly way to access detailed demographic and housing data.
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• Use the insights to make informed decisions, whether you're buying a home, investing, or planning a business venture.