ZIP 03062 - 860Z200US03062 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 03062, located in Nashua, New Hampshire, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 28,000 and a robust median household income, this ZIP code presents a stable and diverse community. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these metrics provide valuable insights to guide your decisions. Let’s break down the key data points to help you understand what makes ZIP 03062 unique.

Population & Households

ZIP 03062 is home to 28,713 residents, making it a moderately sized community with a strong residential base. This population is distributed across 11,657 households, indicating an average household size of roughly 2.5 people. For families or individuals looking to settle here, this suggests a balanced community with a mix of family units and smaller households. The total number of housing units stands at 12,042, which means there’s a slight surplus of available homes compared to occupied households, potentially offering opportunities for buyers or renters seeking options.

Income & Housing Costs

One of the standout metrics for ZIP 03062 is its median household income of $102,849. This figure points to a financially stable community, which can be a strong draw for businesses looking to tap into a market with disposable income. On the housing front, the median home value is $398,100, reflecting a competitive real estate market that could appeal to investors seeking appreciation potential. For renters, the median rent is $1,864 per month, which aligns with the area’s higher income levels but may require careful budgeting for those relocating. These numbers highlight ZIP 03062 as a place where both owning and renting come with a significant cost, balanced by strong earning potential.

Race & Ethnicity

The demographic makeup of ZIP 03062 showcases a diverse yet predominantly white population. Approximately 73.56% of residents identify as white, while 14.97% are Asian, 5.34% are Hispanic, and 2.44% are Black. This diversity can be a significant asset for businesses aiming to cater to varied cultural preferences or for families seeking an inclusive environment. Understanding this composition helps stakeholders anticipate community needs, from educational programs to retail offerings, ensuring alignment with local demographics.

Key Facts

• Total population in ZIP 03062: 28,713 residents in 2023.
• Total households: 11,657, with an average size of about 2.5 people.
• Total housing units: 12,042, indicating a small surplus of available homes.
• Median household income: $102,849, suggesting strong economic stability.
• Median home value: $398,100, reflecting a competitive housing market.
• Median rent: $1,864 per month, aligning with higher income levels.
• Racial composition: 73.56% white, 14.97% Asian, 5.34% Hispanic, 2.44% Black.

What This Means for You

For homebuyers, ZIP 03062 offers a stable community with a median home value of nearly $400,000, which could indicate long-term value growth, though it requires a substantial investment upfront. Renters should note the median rent of $1,864, planning finances accordingly, but the area’s high median income suggests a quality of life that may justify the cost. Real estate investors and agents will find potential in the slight surplus of housing units (12,042 vs. 11,657 households), which could mean opportunities for flipping or renting properties in a market with strong demand. Small-business owners can leverage the area’s $102,849 median income and diverse population to target products or services that resonate with a financially secure and culturally varied customer base. Analysts can use these metrics to benchmark ZIP 03062 against neighboring areas for deeper market studies.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 03062? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
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• Use the insights to make informed decisions, whether you’re buying, investing, or launching a business in a new area.