ZIP 02919 - 860Z200US02919 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 02919, located in Rhode Island, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of nearly 30,000 and a robust housing market, this ZIP code presents unique opportunities and challenges for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you make informed decisions about living or working in 02919.

Population & Households

The total population of ZIP 02919 stands at 29,473, spread across 11,295 households. This indicates a community of moderate size with a strong residential base. The number of households suggests a mix of family and individual living arrangements, which could appeal to a variety of homebuyers or renters looking for a stable, established area. For businesses, this population size offers a sizable local customer base, particularly for services catering to families or homeowners.

Income & Housing Costs

Financially, ZIP 02919 shows strength with a median household income of $87,811. This figure points to a relatively affluent community, which could translate to higher purchasing power for local businesses and a capacity to afford quality housing. Speaking of housing, the median house value in 02919 is $326,100, reflecting a competitive yet accessible real estate market for buyers and investors. For renters, the median rent is $1,259 per month, which aligns with the income levels and suggests a balanced rental market for those not ready to buy.

For investors and agents, these numbers indicate potential for steady appreciation in property values, while homebuyers can take confidence in the area’s economic stability. Small-business owners might find the income levels supportive of retail or service-based ventures targeting middle- to upper-middle-class consumers.

Race & Ethnicity

The demographic makeup of ZIP 02919 is predominantly White, accounting for 74.66% of the population. Hispanic residents make up 17.29%, while Black and Asian populations are smaller at 3.29% and 0.75%, respectively. This composition reflects a community with a majority White population but a notable Hispanic presence, which could influence cultural offerings, local businesses, and community dynamics. For businesses, understanding this diversity can help tailor products or marketing to resonate with different groups. For homebuyers, it offers insight into the cultural fabric of neighborhoods within 02919.

Key Facts

• Total population: 29,473 residents in ZIP 02919 as of 2023.
• Total households: 11,295, indicating a strong residential community.
• Total housing units: 11,993, showing a slight surplus over occupied households.
• Median household income: $87,811, suggesting solid economic stability.
• Median house value: $326,100, a competitive price point for the region.
• Median rent: $1,259, aligning with local income levels.
• Racial composition: 74.66% White, 17.29% Hispanic, 3.29% Black, 0.75% Asian.

What This Means for You

For homebuyers, ZIP 02919 offers a stable housing market with median home values at $326,100, which, paired with a median income of $87,811, suggests affordability for many. The slight surplus of housing units (11,993 total) over households (11,295) may mean some availability, though competition could still be present in desirable neighborhoods.

For investors and real estate agents, the data points to a market with potential for growth, given the solid income levels and reasonable home values. The rental market, with a median rent of $1,259, could also provide opportunities for buy-to-rent strategies, especially for properties near community hubs.

For small-business owners, the population of nearly 30,000 and the income levels indicate a viable customer base with disposable income. Consider businesses that cater to a diverse yet predominantly White and Hispanic demographic, such as family-oriented services or culturally specific offerings.

For analysts, these metrics provide a baseline for deeper studies into housing trends, economic shifts, or demographic changes in 02919, helping to predict future market movements or community needs.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 02919? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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