ZIP 06040 - 860Z200US06040 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 06040, located in the 860Z200US06040 area, this demographic and housing snapshot offers a clear picture of the community. Based on the latest 2023 data, this analysis covers population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Whether you’re eyeing a family home, a rental property, or a storefront location, understanding ZIP 06040’s metrics can guide your next steps.

Population & Households

ZIP 06040 is home to a population of 36,171 residents, making it a moderately sized community with a mix of urban and suburban characteristics. This area supports 14,692 households, reflecting a strong base of families, singles, and professionals. With 15,550 total housing units, there’s a slight surplus of properties over occupied households, which could indicate availability for new residents or investors looking for opportunities in this market.

Income & Housing Costs

The median household income in ZIP 06040 stands at $84,741, suggesting a solid economic foundation for many residents. This income level positions the area as attractive for small businesses seeking a customer base with disposable income. On the housing front, the median home value is $238,900, which offers a relatively accessible entry point for homebuyers compared to pricier nearby markets. For renters, the median rent is $1,361 per month, reflecting a competitive rental market that could appeal to investors focused on steady cash flow.

Race & Ethnicity

ZIP 06040 boasts a diverse community, with a racial and ethnic composition that enriches its cultural fabric. The population identifies as 53.43% White, 14.63% Black, 8.69% Asian, and 17.88% Hispanic. This diversity can be a significant draw for businesses aiming to cater to varied customer preferences or for families seeking an inclusive environment. It also signals potential for cultural events, niche markets, and community engagement opportunities.

Key Facts

• Total population: 36,171 residents, offering a vibrant community for engagement.
• Total households: 14,692, indicating a strong residential base.
• Total housing units: 15,550, with some availability for new occupants or investors.
• Median household income: $84,741, reflecting economic stability.
• Median home value: $238,900, accessible for many prospective buyers.
• Median rent: $1,361, competitive for rental property investments.
• Diverse demographics: 53.43% White, 17.88% Hispanic, 14.63% Black, 8.69% Asian.

What This Means for You

For homebuyers, ZIP 06040 presents an opportunity to purchase at a median value of $238,900, which may be more affordable than neighboring areas, while enjoying a diverse and sizable community of over 36,000 people. The income level of $84,741 suggests neighbors with financial stability, often correlating with well-maintained surroundings.

For investors and real estate agents, the slight gap between housing units (15,550) and households (14,692) hints at potential vacancies or properties to flip or rent. With median rents at $1,361, rental properties could yield consistent returns, especially given the area’s economic strength.

For small-business owners, the population size and diversity in ZIP 06040 offer a broad customer base. The median income indicates purchasing power, while the cultural mix suggests demand for varied products and services—think ethnic foods, specialized retail, or community-focused services.

For analysts, these metrics provide a baseline for deeper market studies, whether you’re assessing housing trends, economic growth, or demographic shifts in this region.

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