ZIP 02360 - 860Z200US02360 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 02360, understanding the area’s demographic and housing landscape is essential. Located in a vibrant part of Massachusetts, this ZIP code offers a mix of suburban charm and economic potential. With a population of over 62,000 and a median household income above the national average, ZIP 02360 presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. This snapshot, based on 2023 data, breaks down key metrics to help you make informed decisions about living, working, or investing here.

Population & Households

ZIP 02360 is home to a substantial population of 62,405 residents, making it a sizable community with a diverse range of needs and opportunities. These individuals are distributed across 25,822 households, reflecting a strong residential base. Whether you’re a homebuyer looking for a family-friendly area or a business owner seeking a robust customer pool, the sheer size of this population indicates a dynamic local market. Additionally, the total number of housing units stands at 28,598, suggesting availability for new residents or investors, though occupancy rates and market competition should be further explored.

Income & Housing Costs

One of the standout features of ZIP 02360 is its strong economic profile, with a median household income of $111,975. This figure points to a relatively affluent community, which can translate into higher purchasing power for businesses and a stable environment for real estate investments. On the housing front, the median home value is $494,700, indicating a premium market that may appeal to buyers seeking long-term value or investors looking for appreciation potential. For renters, the median rent is $1,831 per month, which aligns with the area’s higher cost of living but also suggests demand for rental properties among those who may not be ready to buy.

Race & Ethnicity

The demographic makeup of ZIP 02360 is predominantly White, with 88.27% of the population identifying as such. Other racial and ethnic groups include Black (1.14%), Asian (1.07%), and Hispanic or Latino (3.48%). This composition reflects a largely homogeneous community, which may influence cultural dynamics, local businesses, and community services. For small-business owners or investors, understanding this breakdown can help tailor offerings or marketing strategies to resonate with the majority demographic while also identifying niche opportunities to serve smaller groups.

Key Facts

• Total population: 62,405 residents, offering a sizable market for businesses and services.
• Total households: 25,822, indicating a strong residential foundation.
• Total housing units: 28,598, suggesting potential availability for new occupants or investors.
• Median household income: $111,975, reflecting above-average economic stability.
• Median home value: $494,700, pointing to a high-value real estate market.
• Median rent: $1,831, indicative of a competitive rental landscape.
• Racial composition: 88.27% White, with smaller percentages of Black, Asian, and Hispanic residents.

What This Means for You

For homebuyers, ZIP 02360 offers a prosperous community with a median home value of nearly $500,000, suggesting a market where properties hold strong value over time. The high median income also indicates neighbors with financial stability, often correlating with well-maintained neighborhoods and quality schools. Real estate investors and agents will find opportunity in the area’s 28,598 housing units and affluent demographic, though the premium pricing means careful analysis of rental yields or flipping potential is necessary. Small-business owners can tap into a population of over 62,000 with significant disposable income, ideal for retail, dining, or service-based ventures—especially those catering to a predominantly White, middle-to-upper-income clientele. Analysts can use these metrics as a baseline to track trends in housing demand, income growth, or demographic shifts, providing valuable insights for clients or stakeholders.

Run This Study Yourself

• Curious about diving deeper into ZIP 02360 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 stats tailored to your needs.
• Use the insights to make data-driven decisions for your next home purchase, investment, or business strategy.