ZIP 03053 - 860Z200US03053 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 03053 for your next home, investment, or business venture, this demographic and housing snapshot offers a clear picture of the area’s makeup. Located in a vibrant community, ZIP 03053 is home to over 25,000 residents and boasts strong income levels and housing values. Whether you’re a homebuyer, real estate investor, small-business owner, or data analyst, understanding these metrics can help you make informed decisions. Let’s dive into the latest 2023 data to uncover what makes this area unique and how it aligns with your goals.

Population & Households

ZIP 03053 has a total population of 25,930, making it a moderately sized community with a mix of families, professionals, and individuals. This population is distributed across 9,482 households, reflecting a stable residential base. With 9,751 total housing units in the area, there’s a slight surplus of homes compared to households, which could indicate some availability for new residents or investors looking to enter the market. These numbers suggest a community that’s neither overcrowded nor sparse, offering a balanced environment for living and working.

Income & Housing Costs

One of the standout features of ZIP 03053 is its robust economic profile. The median household income stands at $132,241, well above national averages, indicating a financially secure population with significant purchasing power. This income level supports a strong housing market, with a median house value of $464,100. For renters, the median rent is $1,837 per month, reflecting the premium cost of living in this desirable area. These figures point to a community where affordability may be a challenge for some, but the high property values and incomes suggest long-term stability and growth potential.

Race & Ethnicity

The demographic composition of ZIP 03053 is predominantly White, with 92.33% of residents identifying as such. Other racial and ethnic groups include Hispanic or Latino at 3.81%, Asian at 1.34%, and Black or African American at 0.64%. This relatively homogenous makeup may appeal to those seeking a community with a consistent cultural backdrop, though it also highlights limited diversity compared to more urban areas. Understanding this breakdown can help businesses and investors tailor their offerings to the predominant demographic while considering opportunities to serve smaller, underrepresented groups.

Key Facts

• Total population: 25,930 residents in ZIP 03053.
• Total households: 9,482, indicating a stable residential community.
• Total housing units: 9,751, with a small surplus over households.
• Median household income: $132,241, reflecting strong economic health.
• Median house value: $464,100, showcasing a high-value real estate market.
• Median rent: $1,837, aligning with the area’s premium cost of living.
• Racial composition: 92.33% White, 3.81% Hispanic, 1.34% Asian, 0.64% Black.

What This Means for You

For homebuyers, ZIP 03053 offers a high-quality living environment backed by strong incomes and property values. The median home price of $464,100 suggests you’ll need substantial financial resources, but the investment could pay off with long-term appreciation in this stable market. Renters should prepare for costs around $1,837 monthly, which may suit professionals or families with higher earnings.

For real estate investors and agents, the slight surplus of housing units (9,751 vs. 9,482 households) hints at potential opportunities to buy or list properties, though competition may be stiff given the high median values. The affluent demographic with a median income of $132,241 also suggests demand for premium properties or rental units catering to upscale tenants.

For small-business owners, the high-income population offers a customer base with disposable income, ideal for businesses offering premium goods or services. However, the predominantly White demographic (92.33%) may require targeted marketing to appeal to the majority while exploring niche opportunities for smaller ethnic groups.

For analysts, these metrics provide a foundation for deeper studies into economic trends, housing demand, or community needs in ZIP 03053, especially when paired with historical data or neighboring ZIP code comparisons.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 03053? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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