ZIP 02780 - 860Z200US02780 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 02780, located in the 860Z200US02780 area, this demographic and housing snapshot offers a clear, data-driven look at the community. With a population of over 52,000 and a robust housing market, this area presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Drawing from the latest 2023 data, we’ll break down key metrics on population, income, housing costs, and diversity to help you make informed decisions.

Population & Households

ZIP 02780 is home to a sizable population of 52,530 residents, making it a vibrant and active community. These individuals are spread across 21,340 households, reflecting a mix of family structures and living arrangements. The total number of housing units stands at 22,454, indicating a slight surplus of available properties compared to occupied households. This could suggest opportunities for buyers or renters looking to settle in the area, as well as potential inventory for investors to consider.

Income & Housing Costs

The median household income in ZIP 02780 is $75,054, which points to a relatively stable economic base for residents. This income level supports a housing market where the median home value is $377,800—a figure that reflects a competitive yet accessible market for many prospective buyers. For renters, the median monthly rent is $1,257, which aligns with the income levels and offers a viable alternative to homeownership. These figures provide a balanced perspective for anyone evaluating affordability and investment potential in this ZIP code.

Race & Ethnicity

The demographic makeup of ZIP 02780 showcases a diverse community with a majority White population at 70.32%. Other significant groups include Hispanic residents at 10.15%, Black residents at 6.86%, and Asian residents at 1.53%. This diversity contributes to a rich cultural fabric, which can be a draw for families seeking an inclusive environment or businesses aiming to serve a varied customer base. Understanding this composition helps stakeholders anticipate community needs and preferences.

Key Facts

• Total population: 52,530 residents, indicating a substantial community size.
• Total households: 21,340, reflecting a mix of family and individual living arrangements.
• Total housing units: 22,454, suggesting some availability for new occupants or investors.
• Median household income: $75,054, supporting a stable economic environment.
• Median home value: $377,800, positioning the area as a competitive housing market.
• Median rent: $1,257 per month, offering a reasonable option for non-buyers.
• Diverse population: 70.32% White, 10.15% Hispanic, 6.86% Black, and 1.53% Asian.

What This Means for You

For homebuyers, ZIP 02780 offers a promising market with a median home value of $377,800, which, paired with a median income of $75,054, suggests affordability for many middle-income families. The slight surplus of housing units (22,454 total units versus 21,340 households) could mean less competition in certain segments of the market. Investors and real estate agents might find value in the potential for rental properties, given the median rent of $1,257 and the area’s population size, which supports steady demand. Small-business owners can benefit from the diverse demographic profile—over 52,000 residents with varied backgrounds—offering a broad customer base for tailored products or services. Finally, analysts can use these metrics to benchmark ZIP 02780 against neighboring areas, identifying trends in income, housing, and diversity that inform broader market studies.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 02780? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access detailed reports on population, housing, income, and more, customized to your needs.
• Use the insights to make data-driven decisions for your next home purchase, investment, or business venture.