ZIP 02186 - 860Z200US02186 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 02186, located in Milton, Massachusetts, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 28,000 and a strong economic profile, this ZIP code presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics—population, income, housing costs, and diversity—to help you make informed decisions about living or working in 02186.

Population & Households

ZIP 02186 is home to 28,716 residents, making it a moderately sized community with a suburban feel. These individuals are distributed across 9,184 households, reflecting a mix of family and individual living arrangements. The total number of housing units stands at 9,447, indicating a slight surplus of available homes relative to occupied households. This balance suggests potential opportunities for buyers or renters looking to settle in the area, as well as for investors eyeing vacant properties.

Income & Housing Costs

One of the standout features of ZIP 02186 is its robust economic profile. The median household income is an impressive $177,222, positioning this area as a high-income community. This financial strength is mirrored in the housing market, where the median home value reaches $896,500. For renters, the median monthly rent is $1,545, which, while significant, is more accessible compared to the cost of owning a home here. These figures highlight 02186 as a premium market, appealing to affluent buyers and investors seeking long-term value, as well as businesses targeting a well-off customer base.

Race & Ethnicity

The demographic makeup of ZIP 02186 reflects a diverse yet predominantly white community. Approximately 71.5% of residents identify as white, followed by 14.34% as Black, 5.86% as Asian, and 3.42% as Hispanic. This diversity, while not evenly distributed, contributes to a culturally rich environment that can appeal to a wide range of residents and business owners. Understanding this composition can help tailor community engagement, marketing strategies, or investment decisions to align with the area’s unique demographic blend.

Key Facts

• Total population in ZIP 02186: 28,716 residents.
• Total households: 9,184, with 9,447 total housing units available.
• Median household income: $177,222, indicating a high-earning community.
• Median home value: $896,500, reflecting a premium real estate market.
• Median monthly rent: $1,545, offering a more accessible housing option.
• Racial composition: 71.5% white, 14.34% Black, 5.86% Asian, 3.42% Hispanic.

What This Means for You

For homebuyers, ZIP 02186 offers a high-quality living environment backed by strong household incomes and valuable properties. However, the median home value of $896,500 means you’ll need substantial financial readiness or a strategic approach to financing. Renting at a median of $1,545 per month could be a viable stepping stone if buying isn’t immediately feasible.

For investors and real estate agents, the slight gap between housing units (9,447) and households (9,184) suggests potential for flipping properties or catering to incoming residents. The high median home value also points to strong appreciation potential, making 02186 a solid long-term investment target.

For small-business owners, the affluent demographic with a median income of $177,222 represents a customer base with significant purchasing power. Retail, services, or dining ventures that cater to upscale or family-oriented needs could thrive here, especially given the area’s diversity and community size.

For analysts, these metrics provide a foundation for deeper market studies, whether you’re evaluating real estate trends, consumer behavior, or community development opportunities in 02186.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 02186? 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 next move, investment, or business strategy with confidence.