ZIP 02368 - 860Z200US02368 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 02368, located in the heart of Massachusetts, understanding the local demographics and housing landscape is essential. This snapshot, based on 2023 data, offers a clear view of the population, income levels, housing costs, and cultural diversity in this area. Whether you're a homebuyer, real estate investor, agent, small-business owner, or analyst, these insights can guide your next steps with confidence.

Population & Households

ZIP 02368 is home to a vibrant community of 34,736 residents. This sizable population supports a dynamic local economy and offers a substantial customer base for businesses. The area comprises 12,659 households, reflecting a mix of family structures and living arrangements. With 13,091 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.

Income & Housing Costs

The median household income in ZIP 02368 stands at $103,321, signaling a relatively strong economic base. This income level suggests that many residents have disposable income, which can be a boon for local businesses offering goods and services. On the housing front, the median home value is $464,000, positioning this area as a mid-to-high range market. For renters, the median rent is $2,049 per month, which reflects a premium rental market. These figures highlight both opportunities and challenges for affordability, depending on your financial goals.

Race & Ethnicity

ZIP 02368 boasts a diverse population, which enriches the cultural fabric of the community. The racial composition breaks down as follows: 40.15% Black, 27.74% White, 13.14% Hispanic, and 12.91% Asian. This diversity can be a significant draw for businesses aiming to cater to varied tastes and preferences, as well as for families seeking an inclusive environment. It also offers a unique perspective for investors and agents looking to understand community dynamics.

Key Facts

• Total population: 34,736 residents, offering a robust local market.
• Total households: 12,659, indicating a mix of family and individual living arrangements.
• Total housing units: 13,091, suggesting some availability for new occupants.
• Median household income: $103,321, reflecting strong earning potential.
• Median home value: $464,000, positioning this as a competitive housing market.
• Median rent: $2,049, indicating a premium rental landscape.
• Diverse community: 40.15% Black, 27.74% White, 13.14% Hispanic, 12.91% Asian.

What This Means for You

For homebuyers, ZIP 02368 offers a diverse and vibrant community with a median home value of $464,000. While this price point may require careful budgeting, the area’s median income of $103,321 suggests a stable economic environment. If you’re renting, be prepared for a median rent of $2,049, which could impact monthly expenses.

For investors and agents, the slight surplus of housing units (13,091) compared to households (12,659) might indicate opportunities for property acquisition or leasing. The strong median income and diverse population also point to a market with varied demand, from starter homes to rental properties.

For small-business owners, the population of 34,736 and cultural diversity provide a broad customer base. The median income level suggests residents have spending power, making this an attractive spot for retail, dining, or service-based ventures tailored to a multicultural audience.

For analysts, these metrics offer a foundation for deeper research into economic trends, housing demand, and community needs in ZIP 02368. The data reflects a balanced yet competitive market worth exploring further.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 02368? Start by visiting ZipcodeGPT for a user-friendly platform to analyze demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing, and more, tailored to your specific interests.
• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business in the area.