ZIP 03051 - 860Z200US03051 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 03051 for your next home, investment, or business venture, understanding the local demographics and housing landscape is essential. Located in a vibrant community, this area offers a blend of opportunity and stability for homebuyers, real estate investors, small-business owners, and analysts. Using the latest 2023 data, this snapshot provides a clear picture of population trends, income levels, housing costs, and cultural diversity in 03051. Let’s dive into the numbers to help you make informed decisions.

Population & Households

ZIP code 03051 is home to a population of 25,476 residents, making it a moderately sized community with a strong residential base. This population is distributed across 9,752 households, reflecting a mix of family and individual living arrangements. With 10,080 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 to enter the market. These figures suggest a stable community with room for growth, appealing to those seeking a balance between suburban calm and access to amenities.

Income & Housing Costs

One of the standout metrics for ZIP 03051 is its median household income of $124,973, which points to a relatively affluent community. This income level supports a robust local economy, making it an attractive spot for businesses catering to middle- and upper-income households. On the housing front, the median home value stands at $407,100, reflecting a strong real estate market with properties that hold significant value. For renters, the median rent is $1,615 per month, which aligns with the area’s higher income bracket but may pose affordability challenges for some. These numbers highlight 03051 as a premium location for those with the financial capacity to invest or settle here.

Race & Ethnicity

The demographic makeup of ZIP 03051 offers insight into the community’s cultural fabric. The population is predominantly White at 88.41%, with smaller but notable representation from other groups: Black residents make up 1.94%, Asian residents account for 2.49%, and Hispanic or Latino individuals comprise 2.9%. This composition suggests a largely homogeneous community with emerging diversity, which could influence local culture, business opportunities, and community dynamics. For businesses and investors, understanding this mix can help tailor services or marketing strategies to the area’s primary demographic while remaining inclusive of smaller groups.

Key Facts

• Total population in ZIP 03051: 25,476 residents.
• Total households: 9,752, indicating a strong residential base.
• Total housing units: 10,080, with some availability for new occupants.
• Median household income: $124,973, reflecting economic strength.
• Median home value: $407,100, signaling a high-value real estate market.
• Median rent: $1,615, consistent with the area’s income levels.
• Racial composition: 88.41% White, 2.9% Hispanic, 2.49% Asian, 1.94% Black.

What This Means for You

For homebuyers, ZIP 03051 offers a prosperous community with high home values and a stable population, ideal if you’re looking for long-term value appreciation. However, the median home price of $407,100 means you’ll need a solid budget or financing plan. Real estate investors and agents can find opportunity in the slight surplus of housing units (10,080 total vs. 9,752 households), which may suggest potential for rentals or flips, especially given the strong median income of residents. Keep an eye on rental demand, as the $1,615 median rent indicates a viable market for tenants with disposable income. Small-business owners should note the affluent demographic—household incomes averaging $124,973 provide purchasing power for premium goods and services, though competition may be stiff in such a well-off area. Finally, analysts can use this data to benchmark 03051 against neighboring ZIP codes for deeper market or demographic studies, especially considering the area’s racial composition and growth potential.

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