ZIP 02184 - 860Z200US02184 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 02184, located in the heart of Massachusetts, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of nearly 39,000 and a robust median household income, this ZIP code presents a blend of residential stability and economic potential. Whether you're a homebuyer, real estate investor, small-business owner, or data analyst, these insights will help you make informed decisions about living, working, or investing in 02184.

Population & Households

ZIP 02184 is home to 38,762 residents, making it a moderately sized community with a strong residential base. These individuals are distributed across 14,339 households, reflecting a vibrant and active population. The total number of housing units stands at 15,032, indicating a slight surplus of available homes compared to occupied households. This balance suggests opportunities for potential buyers or renters looking to settle in the area, as well as for investors eyeing vacant properties.

Income & Housing Costs

Economically, ZIP 02184 stands out with a median household income of $125,305, pointing to a relatively affluent community. This income level supports a strong local economy, which can be a draw for businesses seeking a customer base with disposable income. On the housing front, the median home value is $623,200, reflecting a high-demand real estate market. For renters, the median rent is $1,925 per month, which aligns with the area’s elevated property values. These figures highlight 02184 as a premium location, ideal for those who can afford the cost of entry and are seeking long-term value in their housing investments.

Race & Ethnicity

The demographic makeup of ZIP 02184 is diverse, with a racial composition that includes 69.41% White, 21.21% Asian, 2.52% Black, and 3.09% Hispanic residents. This mix indicates a multicultural environment, which can enrich community life and offer unique opportunities for businesses catering to varied cultural preferences. For families and individuals, this diversity may translate into a welcoming atmosphere with access to a range of cultural experiences and networks within the 02184 area.

Key Facts

• Total population in ZIP 02184: 38,762 residents.
• Total households: 14,339, supporting a strong community base.
• Total housing units: 15,032, with some availability for new occupants.
• Median household income: $125,305, indicating economic strength.
• Median home value: $623,200, reflecting a premium real estate market.
• Median rent: $1,925 per month, consistent with high property values.
• Racial diversity: 69.41% White, 21.21% Asian, 2.52% Black, 3.09% Hispanic.

What This Means for You

For homebuyers, ZIP 02184 offers a stable, affluent community with high home values that suggest strong appreciation potential over time. The median home price of $623,200 means you'll need significant financial readiness, but the investment could pay off in a market like this. For investors and real estate agents, the slight gap between housing units and households (15,032 vs. 14,339) hints at opportunities for rental properties or flips, especially given the high median rent of $1,925. Keep an eye on market trends to time your investments wisely.

For small-business owners, the high median household income of $125,305 signals a customer base with purchasing power, ideal for premium products or services. The diverse population also means you can tailor offerings to a multicultural audience, potentially increasing your market reach in 02184. Lastly, for analysts, these metrics provide a solid foundation for deeper studies into economic trends, housing demand, or demographic shifts in this ZIP code.

Run This Study Yourself

• Curious about another ZIP code or want to dive deeper into 02184? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
• Enter any ZIP code to access up-to-date demographic, housing, and economic data tailored to your needs.
• Use the insights to guide your next home purchase, investment decision, or business strategy with confidence.