ZIP 04103 - 860Z200US04103 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 04103, located in the Portland, Maine area, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of over 31,000 and a robust housing market, this area presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Drawing from the latest data, this article breaks down key metrics like income, housing costs, and racial composition to help you make informed decisions about living or working in ZIP 04103.

Population & Households

ZIP 04103 is home to 31,705 residents, making it a moderately sized community with a vibrant local presence. These individuals are distributed across 13,364 households, reflecting a mix of family structures and living arrangements. The total number of housing units stands at 14,336, indicating a slight surplus of available homes compared to occupied households. This balance suggests potential opportunities for buyers or renters looking to settle in the area, as well as for investors eyeing vacant properties.

Income & Housing Costs

The median household income in ZIP 04103 is $90,682, positioning this area as a relatively affluent community compared to national averages. This income level supports a strong local economy, which can be a draw for businesses seeking a stable customer base. On the housing front, the median home value is $421,800, reflecting a competitive real estate market that may appeal to investors looking for appreciating assets. For renters, the median monthly rent is $1,571, which aligns with the area’s higher income and property values. These figures highlight the financial commitment required to live in ZIP 04103, but also underscore the potential for long-term value in homeownership or rental investments.

Race & Ethnicity

The demographic makeup of ZIP 04103 offers insight into the community’s diversity. The population is predominantly White, accounting for 80.4% of residents. Black or African American individuals make up 8.88%, while Asian residents comprise 4.11%. Hispanic or Latino individuals represent 1.8% of the population. This composition suggests a primarily White community with notable representation from other racial and ethnic groups, creating a moderately diverse environment. For businesses and investors, understanding this mix can help tailor services or marketing strategies to meet the needs of different segments of the population.

Key Facts

• Total population: 31,705 residents in ZIP 04103 as of 2023.
• Total households: 13,364, indicating a mix of family and individual living arrangements.
• Total housing units: 14,336, with some availability for new occupants.
• Median household income: $90,682, reflecting a strong local economy.
• Median home value: $421,800, suggesting a competitive real estate market.
• Median rent: $1,571 per month, aligned with the area’s income and property values.
• Racial composition: 80.4% White, 8.88% Black, 4.11% Asian, and 1.8% Hispanic.

What This Means for You

For homebuyers, ZIP 04103 offers a stable, higher-income community with median home values around $421,800. While the cost of entry is significant, the area’s income levels suggest a financially secure environment, ideal for families or individuals seeking long-term residency. Real estate investors and agents should note the slight surplus of housing units (14,336 total units versus 13,364 households), which could indicate opportunities for flipping properties or securing rental income at a median rent of $1,571. Small-business owners can leverage the area’s $90,682 median household income to target a customer base with disposable income, particularly in sectors like retail or services. Analysts studying demographic trends will find the racial and ethnic composition useful for understanding community dynamics and planning outreach or development initiatives. Across all groups, ZIP 04103 presents a balanced mix of opportunity and challenge, grounded in its economic and housing strengths.

Run This Study Yourself

• Curious about diving deeper into ZIP 04103 or exploring another area? Start by visiting ZipcodeGPT to access powerful demographic and housing analysis tools.
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• Use the insights to make data-driven decisions, just like the ones provided in this snapshot, and uncover hidden opportunities in any community.