ZIP Code 19116 — Demographics & Housing Data 2023

Overview

If you’re considering ZIP code 19116 for a home purchase, investment opportunity, or business venture, understanding the area’s demographic and housing landscape is essential. Located in Philadelphia, Pennsylvania, this ZIP code offers a diverse community with a mix of housing options and income levels. This snapshot, based on 2023 data, provides a clear picture of population trends, household dynamics, housing costs, and racial composition. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights can guide your next steps in ZIP 19116.

Population & Households

ZIP 19116 is home to a population of 33,421 residents, making it a moderately sized community within the Philadelphia area. This population is distributed across 13,589 households, reflecting a mix of family and individual living arrangements. With 14,166 total housing units in the area, there’s a slight surplus of units over households, which could indicate some availability for new residents or investors looking to enter the market. These numbers suggest a stable community with potential for growth or rental opportunities.

Income & Housing Costs

The median household income in ZIP 19116 stands at $67,558, positioning it as a middle-income area with reasonable earning power for residents. This income level supports a housing market where the median house value is $321,400—a figure that reflects a solid investment potential for buyers or real estate professionals. For renters, the median rent is $1,214 per month, which is relatively affordable compared to many urban markets, offering opportunities for both tenants and landlords. These financial metrics highlight ZIP 19116 as a balanced market for various economic activities.

Race & Ethnicity

The demographic makeup of ZIP 19116 showcases a diverse yet predominantly white community, with 66.34% of residents identifying as white. The Asian population is significant at 18.03%, adding cultural richness to the area. Black residents account for 5.87%, and Hispanic or Latino individuals make up 5.04% of the population. This diversity can be a draw for businesses seeking varied customer bases or for families looking for an inclusive environment. Understanding this composition helps stakeholders anticipate community needs and preferences.

Key Facts

• Total population in ZIP 19116: 33,421 residents.
• Total households: 13,589, indicating a mix of family and solo living.
• Total housing units: 14,166, suggesting some availability for new occupants.
• Median household income: $67,558, reflecting a middle-income community.
• Median house value: $321,400, a competitive price for the region.
• Median rent: $1,214, offering affordability for renters.
• Racial composition: 66.34% white, 18.03% Asian, 5.87% Black, 5.04% Hispanic.

What This Means for You

For homebuyers, ZIP 19116 offers a promising market with median home values at $321,400, which could represent a sound long-term investment given the area’s stable population of over 33,000. The slight surplus of housing units (14,166 versus 13,589 households) might provide some negotiating room. Investors and real estate agents can leverage the rental market, where a median rent of $1,214 aligns with the median household income of $67,558, suggesting a sustainable tenant base. Small-business owners will find value in the diverse demographic profile—particularly the significant Asian population at 18.03%—which could translate into niche market opportunities or culturally tailored services. Analysts can use these metrics to benchmark ZIP 19116 against neighboring areas, identifying trends in housing demand or economic growth. Across all groups, the data points to a community with balanced opportunities for personal and professional growth.

Run This Study Yourself

Want to dive deeper into ZIP 19116 or explore another area’s demographics and housing trends? Follow these steps to get tailored insights:

• Visit ZipcodeGPT to access a powerful tool for ZIP code analysis.
• Enter any ZIP code to retrieve up-to-date population, income, and housing data.
• Use the insights to inform your homebuying, investment, or business decisions with confidence.