ZIP 02169 - 860Z200US02169 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 02169, located in Quincy, Massachusetts, this demographic and housing snapshot offers a clear picture of the area. With data from 2023, we’ve compiled key metrics on population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into what makes ZIP 02169 unique and how its characteristics can align with your goals.

Population & Households

ZIP 02169 is home to a substantial population of 60,928 residents, making it a vibrant and active community. This area supports 28,674 households, reflecting a strong residential base. With 30,198 total housing units, there’s a slight surplus of homes compared to occupied households, which could indicate some availability for new residents or investors looking for rental opportunities. The population density suggests a bustling yet manageable environment, ideal for those seeking a balance between urban energy and suburban comfort.

Income & Housing Costs

The median household income in ZIP 02169 stands at $92,080, pointing to a relatively affluent community with solid earning potential. This income level supports a robust local economy, which can be a draw for small businesses and service providers. On the housing front, the median home value is $552,200, reflecting a competitive real estate market that may appeal to investors seeking long-term appreciation. For renters, the median rent is $1,975 per month, indicating a significant cost for housing that aligns with the area’s higher income and property values. These figures suggest that while entry into the housing market may require substantial investment, the economic stability of the area could justify the cost for many.

Race & Ethnicity

ZIP 02169 boasts a diverse population, with a racial and ethnic composition that enriches the community’s cultural fabric. The breakdown shows 54.58% of residents identifying as White, 24.01% as Asian, 8.02% as Black, and 7.21% as Hispanic. This diversity can be a significant asset for businesses aiming to cater to varied customer bases or for families seeking an inclusive environment. The strong representation of multiple ethnic groups also suggests opportunities for cultural exchange and community engagement, which can enhance the quality of life in the area.

Key Facts

• Total population: 60,928 residents, indicating a sizable community.
• Total households: 28,674, supporting a strong residential presence.
• Total housing units: 30,198, with some potential vacancy for new occupants.
• Median household income: $92,080, reflecting economic stability.
• Median home value: $552,200, signaling a high-value real estate market.
• Median rent: $1,975, aligning with the area’s income and property costs.
• Diverse demographics: 54.58% White, 24.01% Asian, 8.02% Black, 7.21% Hispanic.

What This Means for You

For homebuyers, ZIP 02169 offers a dynamic community with a higher median home value of $552,200, which may require careful financial planning but could yield strong returns over time given the area’s economic strength. The diversity and population size also mean access to varied amenities and a lively social scene. Investors and real estate agents will find the slight surplus of housing units (30,198 total units versus 28,674 households) intriguing, as it hints at potential rental or flip opportunities in a market with solid income levels. The high median rent of $1,975 further supports the case for rental investments. For small-business owners, the $92,080 median household income and diverse demographic mix provide a promising customer base with disposable income and varied needs, ideal for tailored products or services. Analysts can use these metrics to benchmark ZIP 02169 against neighboring areas, identifying trends in housing demand or economic growth.

Run This Study Yourself

• Curious about diving deeper into ZIP 02169 or comparing it with another area? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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