ZIP 02478 - 860Z200US02478 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 02478, located in Belmont, Massachusetts, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 26,000 and a median household income exceeding $177,000, this ZIP code reflects a prosperous and diverse community. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights can guide your next steps with data-driven clarity.

Population & Households

ZIP 02478 is home to 26,966 residents, making it a moderately sized community with a strong residential presence. These individuals are distributed across 10,336 households, indicating an average household size of roughly 2.6 people. The area also has 10,811 total housing units, suggesting a small buffer of vacant or seasonal properties. For families and individuals seeking a stable, community-oriented environment, this balance of population and housing availability is a key consideration.

Income & Housing Costs

One of the standout metrics for ZIP 02478 is its median household income of $177,790, which points to a high-earning population with significant purchasing power. This affluence is mirrored in the housing market, where the median home value stands at an impressive $1,108,800. For renters, the median monthly rent is $2,382, reflecting a premium rental market. These figures suggest that while living in this area comes with a high cost of entry, it also offers access to a financially secure and well-resourced community.

Race & Ethnicity

The demographic makeup of ZIP 02478 showcases a diverse yet predominantly white population. Approximately 68.37% of residents identify as white, followed by 20.41% Asian, 4.72% Hispanic, and 1.49% Black. This diversity, particularly the significant Asian population, contributes to a culturally rich environment. For businesses and investors, this mix can inform marketing strategies or community engagement efforts, while homebuyers may appreciate the inclusive atmosphere.

Key Facts

• Total population: 26,966 residents in 2023, offering a vibrant community.
• Total households: 10,336, with an average size of about 2.6 people.
• Total housing units: 10,811, indicating slight availability beyond occupied homes.
• Median household income: $177,790, reflecting strong economic stability.
• Median home value: $1,108,800, positioning this as a high-value real estate market.
• Median rent: $2,382 per month, aligning with the area’s premium housing costs.
• Racial composition: 68.37% white, 20.41% Asian, 4.72% Hispanic, 1.49% Black.

What This Means for You

For homebuyers, ZIP 02478 offers a high-quality living environment with access to a wealthy and diverse community, though the median home value of over $1.1 million requires substantial financial readiness. The slightly higher number of housing units compared to households suggests some availability, but competition may still be fierce given the area’s desirability.

For real estate investors and agents, the high median home values and rents indicate strong potential for returns, especially in a market with such affluent residents. The data suggests a stable demand for both ownership and rental properties, making this ZIP code a compelling target for long-term investments.

For small-business owners, the high median household income of $177,790 signals a customer base with disposable income, ideal for premium products or services. The cultural diversity, particularly the significant Asian population, also opens opportunities for niche markets or tailored offerings that resonate with varied backgrounds.

For analysts, these metrics provide a foundation for deeper studies into economic trends, housing demand, or demographic shifts in ZIP 02478. The balance of income, housing costs, and diversity offers a robust dataset for forecasting or comparative analysis.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 02478? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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