ZIP 02721 - 860Z200US02721 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 02721, located in Fall River, Massachusetts, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 25,000 and a mix of housing options, this ZIP code presents unique opportunities and challenges for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you make informed decisions about living, investing, or operating in 02721.

Population & Households

ZIP 02721 is home to 25,922 residents, making it a moderately sized community with a diverse population base. This area supports 11,288 households, reflecting a strong residential presence. Whether you're a homebuyer looking for a vibrant neighborhood or a business owner assessing your potential customer base, the population size suggests a stable market with room for engagement. The total number of housing units stands at 12,358, indicating some vacancy or availability that could appeal to investors or renters seeking options.

Income & Housing Costs

The median household income in ZIP 02721 is $50,666, which provides insight into the economic capacity of residents. For small-business owners, this figure suggests a community with moderate purchasing power, ideal for essential services or value-driven offerings. On the housing front, the median home value is $362,800, positioning 02721 as a market with significant investment potential, especially for real estate agents and buyers looking for appreciating assets. Meanwhile, the median rent of $1,010 per month offers a more accessible entry point for renters or investors eyeing rental properties. These figures highlight a balanced housing market that caters to a range of financial situations.

Race & Ethnicity

The demographic makeup of ZIP 02721 reflects a diverse community, which can be a draw for businesses and residents seeking inclusivity. The racial composition includes 67.81% White, 3.87% Black, 3.69% Asian, and 12.06% Hispanic residents. This diversity can benefit small-business owners by offering a broad customer base with varied needs and cultural preferences. For homebuyers and investors, it signals a neighborhood with a mix of perspectives and potential for community growth. Understanding this breakdown helps tailor marketing strategies or community engagement efforts to resonate with local residents.

Key Facts

• Total population in ZIP 02721: 25,922 residents.
• Total households: 11,288, supporting a strong residential base.
• Total housing units: 12,358, with potential availability for new occupants.
• Median household income: $50,666, indicating moderate economic capacity.
• Median home value: $362,800, suggesting a valuable real estate market.
• Median rent: $1,010, offering affordable rental options.
• Racial diversity: 67.81% White, 12.06% Hispanic, with smaller Black and Asian populations.

What This Means for You

For homebuyers, ZIP 02721 offers a mix of affordability and value with a median home price of $362,800 and reasonable rental costs at $1,010 monthly. This could be an ideal spot if you're looking for a diverse, mid-sized community to call home. Real estate investors and agents will find opportunity in the gap between total housing units and occupied households, suggesting potential for flipping properties or catering to renters. The median home value also indicates room for appreciation in a growing market. Small-business owners can leverage the moderate median income and diverse population to offer targeted products or services that meet local needs, from everyday essentials to culturally specific offerings. Finally, analysts can use these metrics to benchmark 02721 against neighboring ZIP codes or assess economic trends in Fall River. This data provides a solid foundation for strategic planning across various goals.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 02721? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your specific interests.
• Use the insights to make informed decisions, whether you're buying a home, investing in property, or planning a business venture in your chosen area.