ZIP 02745 - 860Z200US02745 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 02745, located in the 860Z200US02745 area, understanding the local demographics and housing landscape is essential. This snapshot provides a clear, data-driven look at the population, income levels, housing costs, and cultural composition of this community based on the latest 2023 figures. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, these insights can help you make informed decisions tailored to your goals.

Population & Households

ZIP 02745 is home to a population of 25,013 individuals, making it a moderately sized community with a diverse range of residents. These individuals are distributed across 10,160 households, reflecting a mix of family structures and living arrangements. With 10,649 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could indicate availability for new residents or investors looking for opportunities. This balance between population and housing suggests a stable community with room for growth or turnover.

Income & Housing Costs

The median household income in ZIP 02745 stands at $73,154, positioning it as a community with a solid economic foundation. This income level supports a range of lifestyles and offers purchasing power for local businesses and services. On the housing front, the median home value is $339,600, which reflects a competitive yet accessible real estate market for buyers with moderate to high budgets. For renters, the median monthly rent is $1,104, providing a more affordable option compared to purchasing in this area. These figures highlight a balanced housing market that caters to both owners and renters.

Race & Ethnicity

The demographic makeup of ZIP 02745 offers a glimpse into its cultural diversity. The population is predominantly White at 71.41%, with smaller but notable representation from other groups: Hispanic or Latino residents make up 16.34%, while Black and Asian communities account for 1.11% and 1.33%, respectively. This composition suggests a primarily White community with a significant Hispanic presence, fostering a blend of cultural influences that could appeal to residents and businesses seeking a diverse yet cohesive environment.

Key Facts

• Total population: 25,013 residents, indicating a mid-sized community.
• Total households: 10,160, reflecting varied family and living arrangements.
• Total housing units: 10,649, suggesting potential availability for new occupants.
• Median household income: $73,154, supporting a stable economic base.
• Median home value: $339,600, competitive for moderate to high-budget buyers.
• Median rent: $1,104 per month, offering affordable rental options.
• Racial composition: 71.41% White, 16.34% Hispanic, with smaller Black (1.11%) and Asian (1.33%) populations.

What This Means for You

For homebuyers, ZIP 02745 offers a promising mix of affordability and value. With a median home price of $339,600 and a median income of $73,154, purchasing a home here aligns well with the earning potential of many households. The slight surplus of housing units (10,649 vs. 10,160 households) may also mean less competition for available properties. Investors and real estate agents can find opportunities in this stable market, where rental demand appears steady with a median rent of $1,104—potentially attractive for tenants unable to buy. The diversity in housing options could support varied investment strategies, from single-family homes to rental properties.

For small-business owners, the population of 25,013 and a median income above $73,000 suggest a customer base with disposable income for goods and services. The cultural diversity, particularly the significant Hispanic community (16.34%), offers a chance to tailor offerings to specific demographic needs, enhancing market fit. Analysts can use these metrics to benchmark ZIP 02745 against neighboring areas, identifying trends in housing availability, income growth, or demographic shifts that influence long-term planning.

Run This Study Yourself

• Curious about diving deeper into ZIP 02745 or comparing it with another area? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Input any ZIP code to access detailed population, housing, and income insights tailored to your needs.
• Use the generated reports to inform your homebuying, investment, or business decisions with confidence.