ZIP 02908 - 860Z200US02908 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 02908 for your next home, investment, or business venture, understanding the local demographics and housing landscape is essential. Located in Providence, Rhode Island, this area offers a diverse community and a range of housing opportunities. This snapshot, based on 2023 data, provides a clear picture of population trends, income levels, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will guide your next steps in ZIP 02908.

Population & Households

ZIP 02908 is home to a sizable population of 39,661 residents, making it a vibrant and active community. These individuals are distributed across 14,682 households, reflecting a mix of family sizes and living arrangements. With 17,160 total housing units in the area, there’s a notable supply of homes, though not all are occupied. This balance between population and housing suggests a community with room for growth, which could appeal to those looking to settle or invest in an area with potential for future demand.

Income & Housing Costs

The median household income in ZIP 02908 stands at $74,341, indicating a moderate earning capacity for many residents. This income level supports a housing market where the median house value is $293,800—a figure that positions the area as relatively affordable compared to other parts of Rhode Island or nearby urban centers. For renters, the median rent is $1,381 per month, which aligns with the income levels but may require careful budgeting for some households. These metrics suggest that ZIP 02908 offers a balanced cost of living, making it a practical choice for buyers and renters alike.

Race & Ethnicity

ZIP 02908 boasts a richly diverse population, with a racial and ethnic composition that reflects a multicultural community. Hispanic residents make up the largest group at 43.26%, followed by White residents at 33.43%. Black or African American individuals account for 14.97% of the population, while Asian residents represent 3.76%. This diversity creates a dynamic cultural environment, which can be a significant draw for families, businesses, and investors seeking an inclusive and varied community to engage with or serve.

Key Facts

• Total population in ZIP 02908: 39,661 residents.
• Total households: 14,682, indicating a mix of family and individual living arrangements.
• Total housing units: 17,160, with some vacancy suggesting growth potential.
• Median household income: $74,341, supporting a moderate lifestyle.
• Median house value: $293,800, offering relative affordability.
• Median rent: $1,381, reflecting reasonable rental costs.
• Diverse population: 43.26% Hispanic, 33.43% White, 14.97% Black, 3.76% Asian.

What This Means for You

For homebuyers, ZIP 02908 presents an opportunity to purchase at a median value of $293,800, which could be a smart entry point in a market with room for appreciation, given the available housing units. Investors and real estate agents will note the vacancy in housing units (17,160 total vs. 14,682 households), signaling potential for rental properties or flips, especially with a median rent of $1,381 that aligns with local incomes. Small-business owners can benefit from the diverse population of nearly 40,000, tailoring products or services to a multicultural customer base with a median income of $74,341 that supports discretionary spending. Analysts can use these metrics to track trends in affordability and demographic shifts, positioning ZIP 02908 as a case study for urban-suburban dynamics. Whatever your goal, these insights provide a foundation for strategic planning in this area.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 02908? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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