ZIP 07201 - 860Z200US07201 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 07201 for your next home, investment, or business venture, this demographic and housing snapshot offers a clear picture of the area. Located in a dynamic urban setting, ZIP 07201 is home to a diverse population of 27,725 residents. With detailed 2023 data on households, income, housing costs, and racial composition, this analysis equips homebuyers, real estate investors, small-business owners, and analysts with actionable insights. Let’s break down the numbers to help you make informed decisions about living, investing, or operating in this community.

Population & Households

ZIP 07201 has a total population of 27,725, spread across 9,512 households. This translates to an average household size of roughly 2.9 people, suggesting a mix of families and smaller living arrangements. The area also has 10,404 total housing units, indicating a slight surplus of available homes compared to occupied households. For homebuyers or investors, this could point to potential opportunities in a market with moderate availability, while businesses might see a sizable local customer base to tap into.

Income & Housing Costs

The median household income in ZIP 07201 stands at $62,026, reflecting a moderate earning capacity for the area. This income level can help homebuyers gauge affordability and guide businesses in pricing products or services. On the housing front, the median home value is $413,000, which positions ZIP 07201 as a relatively high-value market for its income bracket. For renters, the median rent is $1,476 per month, indicating a significant portion of income may go toward housing costs. Investors and agents can use these figures to assess rental yield potential or property appreciation, while buyers can weigh affordability against their budgets.

Race & Ethnicity

ZIP 07201 is a notably diverse community, with a racial and ethnic composition that reflects a vibrant cultural mix. The population identifies as 64.57% Hispanic, making it the dominant demographic group, followed by 17.22% Black, 12.08% White, and 1.37% Asian. This diversity can be a draw for businesses looking to cater to varied cultural preferences or for families seeking an inclusive environment. For investors and analysts, understanding this breakdown helps in tailoring marketing strategies or community engagement efforts to resonate with the local population.

Key Facts

• Total population in ZIP 07201: 27,725 residents.
• Total households: 9,512, with an average size of about 2.9 people.
• Total housing units: 10,404, suggesting some availability for new occupants.
• Median household income: $62,026, indicating moderate earning power.
• Median home value: $413,000, reflecting a higher-value housing market.
• Median rent: $1,476 per month, a notable cost for renters.
• Dominant demographic: 64.57% Hispanic, showcasing significant cultural diversity.

What This Means for You

For homebuyers, ZIP 07201 offers a diverse community with a median home value of $413,000, which may require careful financial planning given the median income of $62,026. The slight surplus of housing units (10,404 total vs. 9,512 households) could mean less competition for available properties, potentially easing the buying process. Real estate investors and agents might find opportunities in both rental and sales markets, as the $1,476 median rent suggests steady demand from renters, while the home value indicates room for appreciation in a culturally rich area. Small-business owners can leverage the population of 27,725 and the area’s diversity—especially the 64.57% Hispanic demographic—to offer targeted products or services that meet local needs. Analysts can use these metrics to benchmark ZIP 07201 against neighboring areas for deeper market studies.

Run This Study Yourself

• Want to dive deeper into ZIP 07201 or compare it with another area? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
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• Use the insights to make informed decisions for buying, investing, or launching a business with confidence.