ZIP 17602 - 860Z200US17602 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 17602, located in Lancaster County, Pennsylvania, this demographic and housing snapshot offers a clear picture of the area in 2023. With a sizable population, diverse community, and solid economic indicators, this ZIP code presents unique opportunities for homebuyers, real estate investors, agents, small-business owners, and analysts. Let’s break down the latest data to help you make informed decisions about living, working, or investing here.

Population & Households

ZIP 17602 is home to 51,461 residents, making it a vibrant and densely populated area within Lancaster County. This population size suggests a robust local market with potential for both residential and commercial growth. The area comprises 18,699 households, reflecting a community with a strong residential base. Whether you’re a homebuyer looking for a lively neighborhood or a business owner seeking a customer-rich environment, the population density in 17602 offers a promising foundation.

Income & Housing Costs

The median household income in ZIP 17602 stands at $71,752, indicating a stable economic environment for many residents. This income level suggests that a significant portion of the population has disposable income, which can be a key factor for small businesses or investors assessing market potential. On the housing front, the median home value is $250,600, positioning 17602 as a moderately priced area for homeownership compared to national averages. For renters, the median rent is $1,272 per month, reflecting a competitive rental market. These figures provide a balanced view for potential buyers and investors weighing affordability against value appreciation.

Total housing units in the area number 19,472, with a slight gap between units and households, suggesting some vacancy or seasonal properties. This could signal opportunities for investors looking to acquire rental properties or flip homes in a market with steady demand.

Race & Ethnicity

ZIP 17602 boasts a diverse community, which adds to its cultural richness and appeal for a wide range of residents and businesses. The racial and ethnic composition is as follows: 51.96% White, 11.34% Black, 1.94% Asian, and 32.38% Hispanic. This diversity can be a significant draw for businesses aiming to cater to varied customer preferences or for families seeking an inclusive environment. For investors and agents, understanding this demographic mix is crucial for targeting marketing efforts or identifying niche opportunities in real estate.

Key Facts

• Total population: 51,461 residents, indicating a substantial local market.
• Total households: 18,699, reflecting a strong residential community.
• Median household income: $71,752, suggesting economic stability for many families.
• Median home value: $250,600, offering a moderate entry point for homebuyers.
• Median rent: $1,272, pointing to a competitive rental market.
• Diversity: 32.38% Hispanic, 51.96% White, with smaller Black and Asian populations.
• Total housing units: 19,472, with potential for investment in vacant or seasonal properties.

What This Means for You

For homebuyers, ZIP 17602 offers a diverse and active community with housing prices that are accessible for many, given the median home value of $250,600. The area’s cultural mix and population size mean you’ll likely find a neighborhood that suits your lifestyle, whether you prioritize schools, amenities, or community events.

For investors and real estate agents, the slight surplus of housing units over households hints at opportunities for rental properties or fixer-uppers. The median income of $71,752 suggests tenants and buyers in this area have the financial capacity to support steady demand, while the rental market at $1,272 median rent indicates potential for solid returns.

For small-business owners, the large population and diverse demographic profile of 17602 provide a broad customer base. The income levels suggest spending power for goods and services, making this an attractive spot for retail, dining, or service-based businesses tailored to varied cultural needs.

For analysts, these metrics offer a baseline for deeper research into market trends, housing demand, or economic growth potential in Lancaster County’s 17602 area.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 17602’s trends? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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