ZIP 02155 - 860Z200US02155 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 02155, located in the heart of Massachusetts, this demographic and housing snapshot offers a clear picture of the area. With data from 2023, we’ll break down key metrics like population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Whether you’re eyeing a family home, a rental property, or a commercial space, understanding ZIP 02155’s profile is your first step.

Population & Households

ZIP 02155 is home to a substantial population of 61,276 residents, making it a vibrant and active community. This area supports 24,586 households, reflecting a mix of family units, singles, and shared living arrangements. With 25,893 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. This balance suggests a stable community with room for growth, ideal for those seeking a dynamic yet manageable place to live or work.

Income & Housing Costs

Financially, ZIP 02155 stands out with a median household income of $118,403, pointing to a relatively affluent population. This income level supports a strong local economy, which can be a draw for businesses and investors. On the housing front, the median home value is $715,500, reflecting a high-demand real estate market. For renters, the median rent is $2,483 per month, indicating that leasing in this area comes at a premium. These figures suggest that while ZIP 02155 offers economic opportunity, it also requires significant financial readiness for housing costs, whether buying or renting.

Race & Ethnicity

The demographic makeup of ZIP 02155 showcases a diverse community, which can enrich cultural experiences and business opportunities. The racial composition includes 66.62% White, 6.26% Black, 12.32% Asian, and 8.88% Hispanic residents. This mix indicates a multicultural environment that could appeal to families and businesses aiming to connect with varied customer bases or build inclusive communities. Understanding this diversity can help tailor real estate offerings or marketing strategies to resonate with the local population.

Key Facts

• Total population: 61,276 residents, indicating a sizable and active community.
• Total households: 24,586, reflecting a strong base of local families and individuals.
• Total housing units: 25,893, suggesting some availability for new occupants or investors.
• Median household income: $118,403, highlighting economic strength in the area.
• Median home value: $715,500, pointing to a competitive real estate market.
• Median rent: $2,483, indicating high rental costs for prospective tenants.
• Racial diversity: 66.62% White, 12.32% Asian, 8.88% Hispanic, 6.26% Black, fostering a multicultural vibe.

What This Means for You

For homebuyers, ZIP 02155 offers a thriving community with a high median income and diverse population, but be prepared for steep housing costs, with median home values at $715,500. This could mean a solid long-term investment, though it requires substantial upfront capital. Real estate investors and agents will find opportunity in the slight surplus of housing units (25,893 vs. 24,586 households), which may allow for rental or flip properties, especially given the high median rent of $2,483. Small-business owners can leverage the area’s affluence and diversity to target a wide customer base, particularly in sectors like retail, dining, or services that cater to varied cultural preferences. Analysts can use these metrics to identify trends in housing demand or economic growth, positioning ZIP 02155 as a potential hotspot for future development.

Run This Study Yourself

• Curious about diving deeper into ZIP 02155 or comparing it with another area? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Input any ZIP code to access up-to-date population, income, and housing insights tailored to your needs.
• Use the detailed reports to make data-driven decisions for your home purchase, investment, or business strategy.