ZIP Code 03054 — Demographics & Housing Data 2023

Overview

If you’re considering a move, investment, or business opportunity in ZIP 03054, located in Merrimack, New Hampshire, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 27,000 and a strong median household income, this ZIP code presents a stable and affluent community. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about living or working in this area.

Population & Households

ZIP 03054 is home to 27,604 residents, making it a moderately sized community with a suburban feel. These individuals are distributed across 10,378 households, reflecting a mix of family and individual living arrangements. The total number of housing units stands at 10,581, indicating a slight surplus of available homes relative to occupied households. This balance suggests a stable housing market with potential opportunities for buyers or renters looking to settle in the area.

Income & Housing Costs

One of the standout features of ZIP 03054 is its robust economic profile. The median household income is an impressive $128,897, pointing to a community with significant purchasing power and financial stability. This figure is well above the national average, making the area attractive for businesses targeting higher-income consumers.

On the housing front, the median home value is $406,200, reflecting a competitive yet accessible real estate market for a region with such strong income metrics. For renters, the median monthly rent is $1,819, which aligns with the area’s higher cost of living but remains manageable for many households given the income levels. These numbers suggest that while housing costs are elevated, they are supported by the earning potential of residents.

Race & Ethnicity

The demographic composition of ZIP 03054 is predominantly White, with 85.73% of the population identifying as such. Hispanic or Latino residents make up 5.16% of the population, while Asian individuals account for 4.51%. Black or African American residents represent a smaller share at 0.79%. This diversity, though limited compared to urban centers, contributes to a community with varied cultural perspectives, which can be a draw for families and businesses seeking an inclusive environment.

Key Facts

• Total population: 27,604 residents in 2023.
• Total households: 10,378, with a mix of family and individual units.
• Total housing units: 10,581, showing a small surplus of available homes.
• Median household income: $128,897, indicating strong economic stability.
• Median home value: $406,200, reflecting a competitive housing market.
• Median rent: $1,819 per month, consistent with the area’s cost of living.
• Racial composition: 85.73% White, 5.16% Hispanic, 4.51% Asian, 0.79% Black.

What This Means for You

For homebuyers, ZIP 03054 offers a financially secure community with a median home value of $406,200, which is a reasonable investment given the high median income of $128,897. The slight surplus of housing units could mean less competition when searching for a property, though prices remain on the higher side.

For real estate investors and agents, the area’s strong income levels and stable population suggest a reliable market for both sales and rentals. With median rents at $1,819, rental properties could provide steady returns, especially for units catering to families or professionals relocating to the area.

For small-business owners, the high median income indicates a customer base with disposable income, ideal for retail, services, or dining establishments. The community’s suburban nature and diversity also suggest demand for family-oriented or culturally tailored offerings.

For analysts, the data points to a low-risk, high-opportunity area with economic strength and housing stability. These metrics can inform broader market studies or targeted investment strategies.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 03054? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your needs.
• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business venture.