ZIP 03102 - 860Z200US03102 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 03102 for your next home, investment, or business venture, understanding the local demographics and housing landscape is essential. Located in a dynamic area, this ZIP code offers a blend of residential appeal and economic opportunity. With a population of over 33,000 and a diverse community, 03102 provides a snapshot of modern living with accessible housing and income levels that cater to a range of needs. This article breaks down the latest 2023 data to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions about this area.

Population & Households

As of 2023, ZIP code 03102 is home to 33,755 residents, making it a moderately sized community with a vibrant local presence. This population is distributed across 14,530 households, reflecting a mix of family units, singles, and shared living arrangements. The total number of housing units stands at 15,264, indicating a slight surplus of available properties relative to occupied households. This balance suggests potential opportunities for those looking to move in or invest in rental properties in the area.

Income & Housing Costs

Financially, ZIP 03102 offers a stable economic foundation for residents and investors alike. The median household income is $69,927, which supports a comfortable lifestyle for many and aligns with the cost of living in the region. Housing costs are another critical factor: the median home value is $309,400, positioning 03102 as a reasonably accessible market for homebuyers compared to higher-priced neighboring areas. For renters, the median monthly rent is $1,533, reflecting a competitive rental market that caters to a range of budgets. These figures provide a clear picture for anyone evaluating affordability and potential returns on investment in this ZIP code.

Race & Ethnicity

The demographic makeup of ZIP 03102 highlights a diverse community with a variety of cultural backgrounds. The racial composition includes 75.37% White, 5.75% Black, 5.13% Asian, and 8.58% Hispanic residents. This diversity enriches the local culture, offering a welcoming environment for newcomers and businesses aiming to serve a broad customer base. Understanding this mix is valuable for small-business owners looking to tailor their offerings and for families seeking a community with varied perspectives and experiences.

Key Facts

• Total population in ZIP 03102: 33,755 residents as of 2023.
• Total households: 14,530, indicating a strong residential base.
• Total housing units: 15,264, with some availability for new occupants.
• Median household income: $69,927, supporting a stable local economy.
• Median home value: $309,400, accessible for many prospective buyers.
• Median rent: $1,533 per month, reflecting a competitive rental market.
• Diverse community: 75.37% White, 5.75% Black, 5.13% Asian, 8.58% Hispanic.

What This Means for You

For homebuyers, ZIP 03102 presents an attractive opportunity with a median home value of $309,400, which is within reach for many looking to settle in a community with solid income levels and diversity. The slight surplus of housing units (15,264 total versus 14,530 households) suggests there may be room to negotiate or find a property that fits your needs. Real estate investors and agents can leverage the balanced housing market and competitive rental rates of $1,533 per month to target both long-term tenants and potential buyers. Small-business owners will find value in the diverse population of 33,755, which offers a wide customer base for tailored products and services. Analysts can use these metrics to benchmark 03102 against other ZIP codes, identifying trends in housing affordability and demographic shifts. Whether you’re buying, investing, or building a business, these insights provide a foundation for strategic planning in this area.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 03102? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
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• Use the insights to compare markets, identify opportunities, and make data-driven decisions for your next move or investment.