ZIP 16602 - 860Z200US16602 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 16602 for your next home, investment, or business venture, understanding the local demographics and housing landscape is essential. Located in Pennsylvania, this area offers a mix of affordability and community stability that appeals to a variety of stakeholders. With a population of over 27,000 and a median household income of $53,097, ZIP 16602 presents opportunities for homebuyers seeking value, investors eyeing steady markets, and small-business owners looking for a supportive customer base. This snapshot, based on 2023 data, breaks down the key metrics to help you make informed decisions.

Population & Households

ZIP 16602 is home to 27,014 residents, making it a moderately sized community with a strong local presence. These individuals are distributed across 11,527 households, reflecting a balanced mix of family and individual living arrangements. With 13,171 total housing units in the area, there’s a notable supply of homes, though not all are occupied. This population size supports a vibrant local economy, providing a solid customer base for businesses while offering a sense of community for residents. For investors and agents, the household count signals potential demand for both rental and purchase properties.

Income & Housing Costs

The median household income in ZIP 16602 stands at $53,097, which reflects a working-class community with moderate earning power. This income level suggests that affordability is a key consideration for many residents when it comes to housing and discretionary spending. On the housing front, the median home value is $120,200, positioning this area as an accessible entry point for first-time homebuyers or investors seeking lower-cost properties with potential for appreciation. For renters, the median rent of $842 per month offers a budget-friendly alternative to homeownership, making the area attractive to a diverse range of residents. These figures highlight ZIP 16602 as a market where cost-conscious decisions drive housing choices.

Race & Ethnicity

The demographic makeup of ZIP 16602 is predominantly White, with 89.56% of the population identifying as such. Black residents account for 3.46% of the population, while Asian individuals make up 0.54%. Additionally, 1.71% of the population identifies as Hispanic. This relatively homogenous composition may influence community dynamics, cultural offerings, and business opportunities. For small-business owners, understanding this breakdown can help tailor products or services to the majority demographic while also identifying niche markets. For homebuyers and investors, it provides context about the cultural fabric of the area.

Key Facts

• Total population: 27,014 residents, offering a robust local community.
• Total households: 11,527, indicating a strong base for housing demand.
• Total housing units: 13,171, with some vacancy suggesting room for growth or investment.
• Median household income: $53,097, reflecting a moderate earning capacity.
• Median home value: $120,200, an affordable option for buyers and investors.
• Median rent: $842, appealing to cost-conscious renters.
• Racial composition: 89.56% White, 3.46% Black, 0.54% Asian, 1.71% Hispanic.

What This Means for You

For homebuyers, ZIP 16602 offers an affordable entry into homeownership with a median home value of $120,200—well below many national averages. The moderate median income suggests a community where neighbors value practicality, making it a stable choice for families or individuals seeking long-term residence. For investors and real estate agents, the combination of low home prices and a sizable population indicates potential for rental income or property flips, especially given the surplus of housing units (13,171 total units versus 11,527 households). Keep an eye on vacancy rates to gauge competition. For small-business owners, the population of 27,014 and predominantly White demographic provide a clear target audience, while the median income of $53,097 suggests focusing on value-driven products or services. Finally, analysts can use these metrics to benchmark ZIP 16602 against similar regions, identifying trends in affordability and demographic stability.

Run This Study Yourself

Want to dive deeper into ZIP 16602 or compare it with another area? Follow these steps to uncover detailed insights tailored to your needs:

• Visit ZipcodeGPT to access a powerful tool for demographic and housing analysis.
• Enter any ZIP code to generate a comprehensive report with the latest data.
• Use the insights to inform your homebuying, investment, or business strategy with confidence.