ZIP 02904 - 860Z200US02904 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 02904 for your next home, investment property, or business location, understanding the area’s demographic and housing landscape is essential. Located in Rhode Island, this ZIP code offers a diverse community with a mix of housing options and income levels. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, this snapshot of 2023 data provides a clear picture of what makes 02904 unique. Let’s dive into the numbers to help you make informed decisions about living, investing, or operating in this area.

Population & Households

ZIP 02904 is home to a population of 32,462 residents as of 2023, making it a moderately sized community with a vibrant local presence. These residents are distributed across 13,635 households, reflecting a mix of family structures and living arrangements. With 14,483 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, depending on market conditions.

Income & Housing Costs

The median household income in ZIP 02904 stands at $64,637, positioning it as a middle-income area where residents enjoy a reasonable standard of living. For homebuyers and investors, the median house value of $302,200 offers a glimpse into the local real estate market—affordable for some, yet reflective of Rhode Island’s generally higher property values. Renters, on the other hand, face a median rent of $1,217 per month, which aligns with the income levels and suggests a balanced rental market. These figures provide a solid baseline for assessing affordability, whether you’re planning to buy, rent, or invest in property here.

Race & Ethnicity

The demographic makeup of ZIP 02904 highlights a diverse community, which can be a draw for those seeking an inclusive environment. The racial and ethnic composition includes 50.52% White, 27.11% Hispanic, 7.74% Black, and 5.26% Asian residents, among others. This diversity shapes the cultural fabric of the area, influencing everything from local businesses to community events. For business owners, this mix presents opportunities to cater to varied customer needs, while homebuyers may appreciate the multicultural atmosphere as a factor in their decision to settle here.

Key Facts

• Total population: 32,462 residents in 2023, indicating a moderately sized community.
• Total households: 13,635, reflecting diverse living arrangements.
• Total housing units: 14,483, suggesting potential availability for new occupants.
• Median household income: $64,637, indicative of a middle-income area.
• Median house value: $302,200, offering insight into real estate affordability.
• Median rent: $1,217 per month, aligning with local income levels.
• Diverse demographics: 50.52% White, 27.11% Hispanic, 7.74% Black, and 5.26% Asian.

What This Means for You

For homebuyers, ZIP 02904 presents a balanced market with a median home value of $302,200, which may be within reach for middle-income earners or those relocating from higher-cost areas. The slight surplus of housing units could mean less competition in certain segments, though working with a local agent to identify the best deals is wise. Investors and real estate agents might find opportunities in the rental market, where a median rent of $1,217 suggests steady demand, especially given the area’s diverse population and household count. The income level of $64,637 supports a stable tenant base for long-term investments. Small-business owners can leverage the cultural diversity and population size of 32,462 to target niche markets or offer inclusive services, while the income data indicates moderate purchasing power among residents. Analysts can use these metrics as a foundation for deeper studies into housing trends or economic potential in 02904, especially when paired with historical data or neighboring ZIP code comparisons.

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