ZIP 03038 - 860Z200US03038 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 03038, located in southern New Hampshire, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 34,000 and a strong median household income, this ZIP code presents a stable and potentially lucrative market for homebuyers, real estate investors, small-business owners, and analysts. Let’s dive into the data to uncover what makes this area unique and how it can align with your goals.

Population & Households

ZIP 03038 is home to a population of 34,622 residents, making it a moderately sized community with a mix of families, professionals, and individuals. These residents are spread across 13,179 households, reflecting a diverse range of living arrangements. The total number of housing units stands at 14,207, indicating a slight surplus of available homes compared to occupied households. This could suggest opportunities for buyers or investors looking to enter the market, as well as potential rental demand for property owners.

Income & Housing Costs

One of the standout metrics for ZIP 03038 is its median household income of $104,306, which points to a financially stable community with significant purchasing power. This income level supports a robust housing market, where the median home value is $381,700—a figure that reflects a competitive yet accessible market for buyers with above-average budgets. For renters, the median monthly rent is $1,473, which aligns with the area’s income levels and suggests a viable rental market for investors or small-business owners catering to tenants.

These numbers indicate that ZIP 03038 offers a balance of affordability and value, particularly for those who can leverage the area’s economic strength. Whether you’re buying a home, investing in property, or starting a business, the income and housing cost data suggest a community with room for growth and stability.

Race & Ethnicity

The demographic makeup of ZIP 03038 is predominantly White, with 90.82% of the population identifying as such. Other racial and ethnic groups include Hispanic or Latino at 4.28%, Asian at 1.23%, and Black or African American at 0.84%. This composition reflects a relatively homogenous community, which may influence cultural dynamics, business opportunities, and community engagement. For businesses, understanding this demographic profile can help tailor services or products to the majority population while also identifying niche markets among smaller demographic groups.

Key Facts

• Total population: 34,622 residents in 2023.
• Total households: 13,179, indicating a mix of family and individual living arrangements.
• Total housing units: 14,207, suggesting some availability for new occupants or investors.
• Median household income: $104,306, reflecting strong economic stability.
• Median home value: $381,700, competitive for buyers with solid budgets.
• Median rent: $1,473 per month, supporting a healthy rental market.
• Racial composition: 90.82% White, 4.28% Hispanic, 1.23% Asian, 0.84% Black.

What This Means for You

For homebuyers, ZIP 03038 offers a promising market with a median home value of $381,700, which is attainable for those with incomes near or above the area’s median of $104,306. The slight surplus of housing units could mean less competition in certain segments of the market, giving you room to negotiate.

For investors and real estate agents, the combination of a stable population, strong income levels, and a median rent of $1,473 signals potential for rental income or property appreciation. The data suggests a market that can support both short-term leasing and long-term investment strategies.

For small-business owners, the high median income and predominantly White demographic profile indicate a customer base with disposable income and specific cultural preferences. This could be an ideal location for businesses offering mid-to-high-end goods or services, as well as niche offerings for smaller demographic groups.

For analysts, these metrics provide a foundation for deeper market studies, whether you’re assessing housing trends, economic growth, or community needs. The data points to a stable, middle-to-upper-income area with opportunities for targeted development.

Run This Study Yourself

Want to dive deeper into ZIP 03038 or explore another area? Here’s how you can get started with your own analysis:

• Visit ZipcodeGPT to access powerful demographic and housing data tools tailored to your needs.
• Enter any ZIP code to uncover detailed insights on population, income, housing, and more.
• Use the results to inform your decisions as a buyer, investor, or business owner with confidence.