ZIP 02151 - 860Z200US02151 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 02151 for your next home, investment property, or business location, understanding the area’s demographic and housing landscape is essential. Located in Massachusetts, this ZIP code offers a diverse community and a robust housing market. With data from 2023, this snapshot provides a clear picture of population trends, income levels, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will guide your next steps in ZIP 02151.

Population & Households

ZIP 02151 is home to a substantial population of 59,949 residents, making it a vibrant and active community. This area supports 21,528 households, reflecting a strong base of families and individuals. With 23,461 total housing units, there’s a mix of occupied and available properties, which could signal opportunities for buyers or investors looking to enter the market. The density of households and population suggests a lively area with potential for community engagement and business growth.

Income & Housing Costs

The median household income in ZIP 02151 stands at $80,948, indicating a solid economic foundation for many residents. This income level supports a housing market where the median house value is $566,200—a significant investment but reflective of the area’s appeal and potential for appreciation. For renters, the median rent is $1,964 per month, which aligns with the higher cost of living in this region. These figures suggest that while affordability may be a consideration for some, the area offers value for those seeking long-term stability or rental income opportunities.

Race & Ethnicity

ZIP 02151 boasts a diverse population, with a racial and ethnic composition that enriches the community’s cultural fabric. White residents make up 47.94% of the population, while Hispanic or Latino individuals represent a significant 38.64%, highlighting a strong multicultural presence. Black or African American residents account for 4.33%, and Asian residents comprise 4.09%. This diversity can be a draw for businesses aiming to serve varied customer bases and for families seeking inclusive environments.

Key Facts

• Total population in ZIP 02151: 59,949 residents, indicating a sizable community.
• Total households: 21,528, supporting a strong residential base.
• Total housing units: 23,461, offering a mix of occupied and potential vacant properties.
• Median household income: $80,948, reflecting economic stability for many residents.
• Median house value: $566,200, suggesting a valuable real estate market.
• Median rent: $1,964, indicative of the area’s rental demand and cost of living.
• Racial diversity: 47.94% White, 38.64% Hispanic, 4.33% Black, and 4.09% Asian.

What This Means for You

For homebuyers, ZIP 02151 offers a diverse and dynamic community with a median house value of $566,200, which could be a worthwhile investment given the area’s population size and cultural richness. The median income of $80,948 suggests that many residents have the financial stability to maintain property values over time.

For investors and real estate agents, the presence of 23,461 housing units, with some potentially vacant, points to opportunities for flipping, renting, or developing properties. The median rent of $1,964 indicates a strong rental market, ideal for generating consistent cash flow.

For small-business owners, the population of nearly 60,000 and diverse demographic makeup provide a broad customer base. Whether you’re opening a retail store, restaurant, or service-based business, the cultural diversity and household density in ZIP 02151 can support varied business models.

For analysts, these metrics offer a foundation for deeper research into economic trends, housing demand, and community needs in this Massachusetts ZIP code. The data reflects a balanced area with growth potential across multiple sectors.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 02151? 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 needs.
• Use the insights to make informed decisions for buying, investing, or launching a business in any area of interest.