ZIP 18062 - 860Z200US18062 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 18062 for your next home, investment, or business venture, understanding the local demographics and housing landscape is essential. Located in a dynamic area, this ZIP code offers a blend of suburban appeal and economic opportunity. With a population of over 26,000 and a median household income surpassing $107,000, ZIP 18062 presents a robust community profile for homebuyers, real estate investors, small-business owners, and data analysts. This article breaks down the key 2023 metrics to help you make informed decisions.

Population & Households

ZIP 18062 is home to a population of 26,633 individuals, making it a moderately sized community with a strong residential base. These residents are distributed across 10,059 households, reflecting a mix of family and individual living arrangements. The total number of housing units stands at 10,353, indicating a slight surplus of available homes compared to occupied households. This balance suggests potential opportunities for buyers or renters looking to settle in the area, as well as for investors eyeing vacant properties.

Income & Housing Costs

One of the standout features of ZIP 18062 is its economic strength, with a median household income of $107,245. This figure points to a relatively affluent community, where residents likely have disposable income for local businesses and services. On the housing front, the median home value is $364,300, positioning this area as a higher-end market compared to national averages. For renters, the median monthly rent is $1,828, which aligns with the upscale nature of the housing stock. These numbers suggest that while entry costs are significant, the potential for long-term value appreciation could be appealing to investors and buyers alike.

Race & Ethnicity

The demographic makeup of ZIP 18062 reflects a diverse yet predominantly white community. Approximately 76.61% of residents identify as white, while 10.15% are Hispanic, 5.11% are Asian, and 3.19% are Black. This diversity adds cultural richness to the area, which can be a draw for families seeking inclusive environments and for businesses aiming to cater to varied customer bases. Understanding this composition can help stakeholders anticipate community needs, from educational programs to retail offerings.

Key Facts

• Population: 26,633 residents, offering a sizable community for engagement.
• Households: 10,059, indicating a strong base of local consumers.
• Housing Units: 10,353, with a small surplus of available properties.
• Median Household Income: $107,245, reflecting economic stability.
• Median Home Value: $364,300, suggesting a premium real estate market.
• Median Rent: $1,828 per month, aligning with higher housing costs.
• Racial Composition: 76.61% white, 10.15% Hispanic, 5.11% Asian, 3.19% Black.

What This Means for You

For homebuyers, ZIP 18062 offers a stable, affluent community with homes valued at a median of $364,300. The slight surplus of housing units (10,353 total vs. 10,059 households) could mean less competition for available properties, though the price point requires financial readiness. Investors and real estate agents might find value in the potential for appreciation given the high median income and home values, as well as opportunities in the rental market with median rents at $1,828. The area’s diversity and population size also suggest a steady demand for housing. Small-business owners can leverage the community’s $107,245 median income to target premium products or services, while the diverse demographic profile offers a chance to tailor offerings to varied cultural preferences. Analysts can use these metrics to benchmark ZIP 18062 against neighboring areas or national trends, identifying growth patterns or investment risks.

Run This Study Yourself

• Curious about other ZIP codes or deeper insights into ZIP 18062? Start by visiting ZipcodeGPT to access powerful demographic and housing data tools.
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