ZIP 03104 - 860Z200US03104 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 03104, located in Manchester, New Hampshire, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 35,000 and a mix of housing options, this ZIP code presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s dive into the key metrics—population, income, housing costs, and diversity—to help you make informed decisions.

Population & Households

ZIP 03104 is home to 35,274 residents, making it a moderately sized community with a vibrant local presence. These individuals are distributed across 14,727 households, reflecting a mix of family and individual living arrangements. The area also has 15,715 total housing units, indicating a slight surplus of available homes compared to occupied households. This balance suggests potential opportunities for buyers or renters looking to settle in a community with established infrastructure and a sizable population base.

Income & Housing Costs

The median household income in ZIP 03104 stands at $84,513, pointing to a relatively strong economic foundation for many residents. This income level supports a housing market where the median home value is $364,200—a figure that reflects a competitive yet accessible market for buyers with stable finances. For renters, the median rent is $1,455 per month, which aligns with the income levels but may require careful budgeting for some households. These figures highlight a community where housing costs are significant but manageable for those earning around or above the median income.

Race & Ethnicity

The demographic makeup of ZIP 03104 offers insight into the cultural diversity of the area. The population is predominantly White at 78.75%, with smaller but notable representation from other groups: Black residents make up 3.72%, Asian residents account for 2.06%, and Hispanic or Latino individuals comprise 9.73%. This diversity, while not as pronounced as in larger urban centers, contributes to a community with varied perspectives and cultural influences, which can be a draw for businesses and families seeking an inclusive environment.

Key Facts

• Total population: 35,274 residents, offering a substantial local market for businesses and services.
• Total households: 14,727, indicating a strong base of potential customers or community members.
• Total housing units: 15,715, suggesting some availability for new residents or investors.
• Median household income: $84,513, reflecting a solid economic standing for many families.
• Median home value: $364,200, positioning the area as a competitive housing market.
• Median rent: $1,455, a notable cost for renters to consider in budgeting.
• Racial composition: 78.75% White, 9.73% Hispanic, 3.72% Black, and 2.06% Asian, showing moderate diversity.

What This Means for You

For homebuyers, ZIP 03104 offers a market where the median home value of $364,200 aligns with a median income of $84,513, suggesting that purchasing a home is feasible for those with steady earnings. The slight surplus of housing units (15,715 total vs. 14,727 households) could mean less competition in certain segments of the market. Investors and real estate agents might find value in the rental market, where a median rent of $1,455 indicates demand for leased properties, especially given the population size of over 35,000. Small-business owners can tap into a community with a sizable customer base and diverse demographics, ideal for tailored services or products. Finally, analysts can use these metrics to benchmark ZIP 03104 against nearby areas, focusing on income and housing trends to predict future growth or challenges.

Run This Study Yourself

Want to explore ZIP 03104 or any other area with the same depth of insight? Follow these steps to get started:

• Visit ZipcodeGPT to access a powerful tool for demographic and housing analysis.
• Enter the ZIP code of interest to pull up the latest data on population, income, and more.
• Use the insights to inform your decisions, whether you’re buying, investing, or planning a business venture.