ZIP 19002 - 860Z200US19002 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 19002 for your next home, investment, or business venture, this demographic and housing snapshot offers a clear picture of what to expect. Located in a vibrant area, 19002 is home to over 31,000 residents and features a robust housing market with high median incomes and property values. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights from 2023 data will help you make informed decisions about this community.

Population & Households

ZIP code 19002 has a total population of 31,681, making it a moderately sized community with a mix of families, professionals, and individuals. This population is distributed across 11,907 households, reflecting a strong residential base. With 12,607 total housing units in the area, there’s a slight surplus of homes compared to households, which could indicate some availability for new residents or investors looking to enter the market. These numbers suggest a stable, established community with potential for growth or turnover in housing occupancy.

Income & Housing Costs

One of the standout metrics for ZIP 19002 is its median household income of $140,070, which points to a relatively affluent population. This high earning capacity supports a strong housing market, evidenced by a median house value of $558,800. For renters, the median rent stands at $1,605 per month, which is notable but aligns with the area’s income levels and property values. These figures suggest that 19002 is a premium location, appealing to those with the financial means to invest in or reside in a high-value area. For businesses, this income level indicates a customer base with significant purchasing power.

Race & Ethnicity

The demographic makeup of ZIP 19002 reflects a diverse yet predominantly white population. Approximately 76.97% of residents identify as white, followed by 11.81% Asian, 4.53% Black, and 3.53% Hispanic. This composition highlights a community with a strong cultural mix, particularly with a notable Asian presence, which could influence local businesses, schools, and community events. For investors and business owners, understanding this diversity can help tailor offerings or marketing strategies to resonate with the area’s residents.

Key Facts

• Total population: 31,681 residents, indicating a sizable community for residential and commercial opportunities.
• Total households: 11,907, showing a strong base of family and individual units.
• Total housing units: 12,607, suggesting some availability for new occupants or investment properties.
• Median household income: $140,070, reflecting an affluent area with high earning potential.
• Median house value: $558,800, positioning 19002 as a premium real estate market.
• Median rent: $1,605, indicating a competitive rental market aligned with income levels.
• Racial composition: 76.97% white, 11.81% Asian, 4.53% Black, 3.53% Hispanic, showcasing diversity.

What This Means for You

For homebuyers, ZIP 19002 offers a high-quality living environment with a median home value of $558,800, ideal for those seeking a long-term investment in a prosperous area. However, the price point and median rent of $1,605 suggest you’ll need a solid budget to enter this market. Real estate investors and agents can find opportunities in the slight surplus of housing units (12,607 vs. 11,907 households), which may indicate potential for flipping or renting properties, especially given the affluent demographic with a median income of $140,070. Small-business owners should note the diverse population and high disposable income, making 19002 a promising location for retail, dining, or services tailored to a wealthier and culturally varied clientele. Analysts can use these metrics to benchmark 19002 against nearby ZIP codes for deeper market studies or trend analysis.

Run This Study Yourself

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