ZIP 02472 - 860Z200US02472 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 02472, 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 opportunity. With a population of over 35,000 and a robust housing market, ZIP 02472 presents unique possibilities 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 02472 is home to 35,317 residents, making it a moderately sized community with a strong residential base. These individuals are distributed across 16,220 households, reflecting a mix of family units, singles, and shared living arrangements. The area also has 17,069 total housing units, indicating a slight surplus of available homes compared 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

Economically, ZIP 02472 stands out with a median household income of $123,383, signaling 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 $737,600, reflecting a high-demand real estate market. For renters, the median monthly rent is $2,356, which aligns with the area’s elevated property values. These figures suggest that while entry into the housing market may require significant investment, the potential for long-term value appreciation could be substantial.

Race & Ethnicity

The demographic makeup of ZIP 02472 is diverse, offering a multicultural environment that can appeal to a wide range of residents and business owners. The racial composition includes 69.72% White, 4.13% Black, 11.96% Asian, and 6.44% Hispanic residents. This diversity fosters a rich community fabric, which can be a significant asset for businesses aiming to cater to varied cultural preferences or for families seeking an inclusive place to call home.

Key Facts

• Total population: 35,317 residents, indicating a sizable community with a stable residential base.
• Total households: 16,220, reflecting a mix of family and individual living arrangements.
• Total housing units: 17,069, suggesting some availability for new occupants or investors.
• Median household income: $123,383, highlighting strong earning potential in the area.
• Median home value: $737,600, pointing to a premium real estate market.
• Median rent: $2,356 per month, consistent with high housing costs.
• Racial diversity: Predominantly White (69.72%), with notable Asian (11.96%) and Hispanic (6.44%) populations.

What This Means for You

For homebuyers, ZIP 02472 offers a high-quality living environment backed by a strong median income and diverse community. However, the median home value of $737,600 means you’ll need to plan for a significant investment, though the potential for property value growth could make it worthwhile. Real estate investors and agents should note the slight surplus of housing units (17,069 vs. 16,220 households), which may present opportunities for rentals or flips, especially given the high median rent of $2,356. Small-business owners can benefit from the area’s affluent population and cultural diversity, tailoring products or services to a well-earning, varied customer base. Finally, analysts can use these metrics to benchmark ZIP 02472 against neighboring areas, identifying trends in income, housing demand, or demographic shifts.

Run This Study Yourself

• Curious about diving deeper into ZIP 02472 or comparing it with another area? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access up-to-date population, income, and housing insights tailored to your needs.
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