ZIP Code 07206 — Demographics & Housing Data 2023

Overview

If you're considering ZIP code 07206 for a home purchase, real estate investment, or business opportunity, understanding the local demographics and housing landscape is essential. Located in a dynamic area, this ZIP code offers a diverse population and a range of housing options. In this detailed snapshot based on 2023 data, we break down key metrics like population, income, housing costs, and racial composition to help you make informed decisions. Whether you're a homebuyer, investor, small-business owner, or analyst, these insights will guide your next steps in ZIP 07206.

Population & Households

ZIP 07206 is home to a substantial population of 31,120 residents as of 2023. This sizable community is distributed across 9,141 households, reflecting a vibrant and active area. With 9,712 total housing units, the region shows a slight surplus of available homes compared to occupied households, which could indicate opportunities for buyers or renters looking to move in. The average household size can be inferred as roughly 3.4 people, suggesting a mix of families and multi-person households that contribute to the area’s lively atmosphere.

Income & Housing Costs

Financial metrics are critical when evaluating any area, and ZIP 07206 presents a median household income of $60,992. This figure offers a glimpse into the economic stability of the community, providing a benchmark for affordability and spending power. On the housing front, the median house value stands at $339,200, which positions this area as a potentially accessible market for first-time buyers or investors seeking value. Meanwhile, the median rent of $1,543 per month reflects a rental market that may appeal to those not yet ready to buy but looking for a place to settle in ZIP 07206.

Race & Ethnicity

The cultural fabric of ZIP 07206 is notably diverse, with a racial and ethnic composition that shapes its unique character. The largest demographic group is Hispanic, comprising 69.35% of the population, followed by Black residents at 16.73%. White residents make up 8.15% of the population, while Asian residents account for 0.99%. This diversity fosters a rich community environment, offering a blend of perspectives and traditions that can be a draw for those seeking an inclusive place to live or do business.

Key Facts

• Total population in ZIP 07206: 31,120 residents.
• Total households: 9,141, with an average size of approximately 3.4 people.
• Total housing units: 9,712, indicating a small surplus of available homes.
• Median household income: $60,992, reflecting moderate economic stability.
• Median house value: $339,200, potentially attractive for buyers and investors.
• Median rent: $1,543 per month, relevant for renters assessing affordability.
• Dominant demographic: Hispanic at 69.35%, contributing to a diverse community.

What This Means for You

For homebuyers, ZIP 07206 offers a promising market with a median house value of $339,200, which could be within reach for many, especially first-time buyers. The slight surplus of housing units (9,712 total versus 9,141 households) suggests there may be room to negotiate or find a property that fits your needs. Investors and real estate agents will find value in the area’s diversity and population size of 31,120, which supports demand for both rental and purchase properties—note the median rent of $1,543 as a benchmark for potential returns. Small-business owners can leverage the cultural richness and sizable community to tailor offerings, especially to the predominant Hispanic demographic (69.35%), while the median household income of $60,992 indicates reasonable local purchasing power. Analysts can use these metrics to track trends or compare ZIP 07206 against neighboring areas for deeper market insights.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 07206? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your needs.
• Use the insights to make informed decisions, whether you're buying a home, investing, or planning a business venture.