ZIP 02150 - 860Z200US02150 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 02150, located in Chelsea, Massachusetts, this demographic and housing snapshot offers a clear picture of the area based on 2023 data. With a population of nearly 40,000 and a diverse community, this ZIP code presents unique opportunities and challenges for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you make informed decisions about living, working, or investing here.

Population & Households

ZIP 02150 is home to 39,444 residents, making it a densely populated urban area with a vibrant community. These individuals are distributed across 13,522 households, reflecting a mix of family structures and living arrangements. The total number of housing units stands at 14,162, indicating a slight surplus of available homes compared to occupied households. This could suggest opportunities for buyers or renters, though demand and pricing remain critical factors to consider.

Income & Housing Costs

The median household income in ZIP 02150 is $72,122, which provides a solid economic foundation for many residents. However, housing costs are notably high, with a median home value of $476,500. This figure positions the area as a significant investment for potential buyers, reflecting the competitive real estate market in and around the Greater Boston area. For renters, the median monthly rent is $1,861, which may strain budgets for some households despite the median income level. Understanding these costs is essential for assessing affordability and long-term financial planning in this ZIP code.

Race & Ethnicity

ZIP 02150 stands out for its cultural diversity, with a population composition that includes 65.0% Hispanic residents, making it the predominant demographic group. White residents account for 19.55% of the population, while Black and Asian communities represent 6.23% and 2.85%, respectively. This rich mix of backgrounds contributes to a dynamic local culture, which can influence community events, business offerings, and social networks. For businesses and investors, this diversity offers a chance to cater to varied needs and preferences.

Key Facts

• Total population: 39,444 residents, indicating a sizable urban community.
• Total households: 13,522, reflecting a range of family and individual living situations.
• Total housing units: 14,162, suggesting a small buffer of available properties.
• Median household income: $72,122, supporting a moderate-to-strong local economy.
• Median home value: $476,500, highlighting a high barrier to entry for homeownership.
• Median rent: $1,861 per month, a significant cost for renters in the area.
• Dominant demographic: 65.0% Hispanic, shaping the cultural landscape of ZIP 02150.

What This Means for You

For homebuyers, ZIP 02150 offers a chance to join a diverse and lively community, but the median home value of $476,500 signals a competitive market. Be prepared for a significant investment and consider working with local agents to find properties that match your budget. Renters should note the high median rent of $1,861 and plan accordingly, exploring options for shared housing or nearby areas if costs are prohibitive.

For real estate investors and agents, the slight surplus of housing units (14,162 total versus 13,522 households) may indicate opportunities for rentals or flips, though high property values require careful financial analysis. The area’s diversity and population density suggest strong demand for housing, particularly for units that cater to varied cultural needs.

For small-business owners, the demographic makeup—especially the large Hispanic population—presents a chance to tailor products and services to a specific audience. The median income of $72,122 suggests reasonable purchasing power, but high housing costs might limit discretionary spending for some residents. Focus on essential or culturally relevant offerings to build a loyal customer base.

For analysts, the data points to a densely populated, diverse urban area with economic strengths and housing challenges. Use these metrics as a baseline for deeper studies into local trends, migration patterns, or economic shifts.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 02150? 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, and more, tailored to your needs.
• Use the insights to inform your decisions, whether you’re buying a home, investing, or planning a business venture.