ZIP 02474 - 860Z200US02474 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 02474, located in the heart of Middlesex County, Massachusetts, understanding the local demographics and housing landscape is essential. This snapshot provides a detailed look at the 2023 data for this vibrant area, often associated with Arlington. 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 this community.

Population & Households

ZIP 02474 is home to a population of 28,283 residents as of 2023. This sizable community is distributed across 12,049 households, reflecting a mix of families, singles, and professionals. With 12,541 total housing units in the area, there’s a slight surplus of properties compared to occupied households, which could indicate availability for new residents or investors looking to enter the market. This balance suggests a stable yet dynamic residential environment, ideal for those seeking a well-established neighborhood with room for growth.

Income & Housing Costs

The financial profile of ZIP 02474 is notably strong, with a median household income of $139,199. This figure points to a relatively affluent community, likely attracting professionals and families with higher earning potential. Housing costs align with this income level, as the median house value stands at an impressive $887,000. For renters, the median monthly rent is $2,157, reflecting the premium nature of the local real estate market. These numbers underscore the area’s appeal to those who can afford a higher cost of living in exchange for access to quality amenities, schools, and proximity to urban centers like Boston.

Race & Ethnicity

The demographic makeup of ZIP 02474 showcases a diverse yet predominantly white population. As of 2023, 74.25% of residents identify as white, while 12.47% are Asian, 5.53% are Hispanic, and 2.44% are Black. This mix indicates a community with cultural variety, particularly with a significant Asian presence, which may influence local businesses, cuisine, and community events. For newcomers or business owners, this diversity offers opportunities to engage with a range of perspectives and customer bases, enriching the social and economic fabric of the area.

Key Facts

• Total population: 28,283 residents, offering a robust community for engagement.
• Total households: 12,049, indicating a strong residential base.
• Total housing units: 12,541, with potential availability for new occupants or investors.
• Median household income: $139,199, reflecting a high-earning population.
• Median house value: $887,000, signaling a premium real estate market.
• Median rent: $2,157 per month, consistent with the area’s upscale housing costs.
• Racial composition: 74.25% white, 12.47% Asian, 5.53% Hispanic, 2.44% Black, showcasing diversity.

What This Means for You

For homebuyers, ZIP 02474 offers a high-quality living environment with a median home value of $887,000, ideal for those seeking long-term value in a prosperous area. Be prepared for competitive pricing and consider the strong median income as a sign of neighborhood stability. For investors and real estate agents, the slight gap between housing units and households (12,541 vs. 12,049) hints at opportunities for rentals or flips, though the high median rent of $2,157 suggests a discerning tenant pool. Small-business owners can tap into a diverse, affluent customer base of 28,283 residents, with cultural variety offering niches for specialized products or services. Finally, analysts will find this data a valuable benchmark for tracking trends in income, housing, and demographic shifts in a well-to-do suburban area near Boston.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 02474? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business venture in any area.