ZIP 03820 - 860Z200US03820 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 03820, understanding the local demographics and housing landscape is essential. Located in a vibrant area, this ZIP code offers a mix of residential stability and economic potential. With data from 2023, this snapshot provides a clear view of population trends, income levels, housing costs, and cultural diversity. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about this community.

Population & Households

ZIP 03820 is home to a population of 33,150 individuals, making it a moderately sized community with a strong residential base. This area supports 15,021 households, reflecting a robust demand for housing and local services. With 15,460 total housing units, there’s a slight surplus of homes compared to households, which could indicate opportunities for buyers or investors looking for available properties. This balance suggests a stable market with room for growth, particularly for those eyeing long-term residency or rental prospects.

Income & Housing Costs

The median household income in ZIP 03820 stands at $92,793, pointing to a relatively affluent community with solid earning power. This income level supports a healthy local economy, making it an attractive spot for businesses catering to middle- and upper-middle-class consumers. On the housing front, the median home value is $397,900, reflecting a competitive real estate market where properties hold significant value. For renters, the median rent is $1,540 per month, indicating a strong rental market that could appeal to investors seeking steady cash flow. These figures highlight ZIP 03820 as a location where both homeownership and renting are viable, depending on your financial goals.

Race & Ethnicity

The demographic makeup of ZIP 03820 offers a glimpse into its cultural fabric. The population is predominantly White at 85.79%, with smaller but notable representation from other groups: Black residents make up 1.15%, Asian residents account for 3.32%, and Hispanic or Latino individuals comprise 3.71%. This composition suggests a community with a strong majority but enough diversity to foster a varied cultural environment. For businesses, this mix could influence marketing strategies or product offerings, while homebuyers might appreciate the blend of perspectives in neighborhood dynamics.

Key Facts

• Total population: 33,150 residents in 2023, indicating a sizable community.
• Total households: 15,021, showing strong demand for local housing.
• Total housing units: 15,460, with a small surplus over households.
• Median household income: $92,793, reflecting economic stability.
• Median home value: $397,900, a competitive price point for buyers.
• Median rent: $1,540, appealing for rental property investors.
• Racial composition: 85.79% White, 3.71% Hispanic, 3.32% Asian, 1.15% Black.

What This Means for You

For homebuyers, ZIP 03820 offers a stable market with a median home value of $397,900, ideal for those seeking a long-term investment in a community with strong income levels. The slight surplus of housing units over households could mean less competition for available properties, potentially easing the buying process. Real estate investors and agents will find the rental market promising, with a median rent of $1,540 suggesting good returns on investment properties, especially given the area’s population size and income stability. Small-business owners can leverage the $92,793 median household income to target a consumer base with disposable income, while the area’s diversity offers opportunities to cater to varied tastes and needs. Analysts can use these metrics to benchmark ZIP 03820 against neighboring areas, identifying trends in housing demand or economic growth. Across all groups, this ZIP code presents a balanced opportunity for personal and professional growth.

Run This Study Yourself

• Curious about diving deeper into ZIP 03820 or comparing it with other areas? Start by visiting ZipcodeGPT for a user-friendly platform to explore detailed demographic data.
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