ZIP 02864 - 860Z200US02864 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 02864, understanding the area’s demographic and housing landscape is essential. Located in a vibrant community, this ZIP code offers a blend of suburban appeal and economic strength. With data sourced from 2023, this snapshot provides a clear picture of population trends, income levels, housing costs, and cultural diversity. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about living or working in 02864.

Population & Households

ZIP 02864 is home to a population of 36,383 residents, making it a moderately sized community with a strong residential base. This population is distributed across 14,102 households, reflecting a mix of family and individual living arrangements. The total number of housing units stands at 14,735, indicating a slight surplus of available homes compared to occupied households. This balance suggests potential opportunities for buyers or renters looking to settle in the area, as well as for investors eyeing vacant properties.

Income & Housing Costs

One of the standout metrics for ZIP 02864 is its robust median household income of $118,737. This figure points to a financially stable community, which can be a draw for businesses seeking a customer base with disposable income or for families prioritizing economic security. On the housing front, the median home value is $394,800, reflecting a competitive yet accessible real estate market for a region with such strong income levels. For renters, the median rent is $1,251 per month, offering a more affordable alternative to homeownership while still aligning with the area’s overall cost of living. These numbers provide a solid foundation for understanding affordability and investment potential in 02864.

Race & Ethnicity

The demographic makeup of ZIP 02864 showcases a predominantly white population at 83.29%, with smaller but significant representation from other groups. Black residents account for 2.79% of the population, Asian residents make up 3.57%, and Hispanic or Latino individuals represent 5.66%. This diversity, while not as pronounced as in urban centers, adds a layer of cultural richness to the community. For businesses, this mix can inform marketing strategies or product offerings, while families may appreciate the opportunity to engage with a variety of cultural perspectives in a primarily suburban setting.

Key Facts

• Total population: 36,383 residents in ZIP 02864.
• Total households: 14,102, indicating a strong residential presence.
• Total housing units: 14,735, with a small surplus of available properties.
• Median household income: $118,737, reflecting economic stability.
• Median home value: $394,800, competitive for the income bracket.
• Median rent: $1,251, offering a viable renting option.
• Racial composition: 83.29% white, 5.66% Hispanic, 3.57% Asian, 2.79% Black.

What This Means for You

For homebuyers, ZIP 02864 presents a promising opportunity with a median home value of $394,800 and a slight surplus of housing units. This could mean less competition for properties compared to tighter markets, paired with the benefit of a high median household income suggesting a stable neighborhood. Real estate investors and agents will find value in the area’s economic strength and potential for rental income, given the $1,251 median rent and available units. Small-business owners can leverage the community’s $118,737 median income to target a clientele with purchasing power, while the area’s diversity offers a chance to cater to varied customer needs. Analysts studying regional trends will appreciate the balanced demographics and housing metrics as indicators of a sustainable suburban market. Whether your goal is to settle down, invest, or grow a business, 02864 offers a compelling mix of affordability and opportunity.

Run This Study Yourself

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