ZIP 19119 - 860Z200US19119 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 19119 for your next home, investment, or business venture, understanding the local demographics and housing landscape is essential. Located in Philadelphia, Pennsylvania, this area offers a unique blend of diversity, affordability, and opportunity. This snapshot, based on 2023 data, breaks down key metrics like population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into what makes ZIP 19119 stand out.

Population & Households

ZIP 19119 is home to a population of 28,566 residents, making it a moderately sized community within the Philadelphia region. These individuals are distributed across 13,024 households, reflecting a mix of family structures and living arrangements. With 13,909 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. This balance suggests a stable residential base, ideal for those seeking a settled yet dynamic neighborhood.

Income & Housing Costs

The median household income in ZIP 19119 stands at $81,609, positioning it as a relatively affluent area compared to national averages. This income level supports a comfortable lifestyle for many residents and signals purchasing power for local businesses. On the housing front, the median home value is $326,600, offering a range of opportunities for buyers and investors looking for properties with solid value. For renters, the median rent is $1,291 per month, which is reasonable given the income levels and may appeal to those not yet ready to buy. These figures highlight ZIP 19119 as a market with accessible entry points for various budgets.

Race & Ethnicity

ZIP 19119 boasts a diverse community, with a racial composition that reflects a rich cultural tapestry. The largest demographic group is Black or African American at 54.45%, followed by White residents at 34.85%. Hispanic or Latino individuals make up 4.21% of the population, while Asian residents account for 1.17%. This diversity fosters a vibrant neighborhood atmosphere, appealing to those who value inclusivity and varied perspectives. For businesses, this mix presents opportunities to cater to a wide range of cultural preferences and needs.

Key Facts

• Total population: 28,566 residents, offering a robust community base.
• Total households: 13,024, indicating a mix of family and individual living arrangements.
• Total housing units: 13,909, suggesting some availability for new occupants.
• Median household income: $81,609, reflecting strong local earning potential.
• Median home value: $326,600, a competitive price point for the region.
• Median rent: $1,291, providing affordable options for renters.
• Racial diversity: Predominantly Black (54.45%) and White (34.85%), with smaller Hispanic (4.21%) and Asian (1.17%) populations.

What This Means for You

For homebuyers, ZIP 19119 offers a promising mix of affordability and value with a median home price of $326,600. The slight surplus of housing units could mean less competition in certain segments of the market, giving you room to negotiate. Real estate investors and agents will find potential in both rental and purchase markets, as the median rent of $1,291 and household income of $81,609 suggest steady demand from financially stable residents. The diversity of the area also means properties can appeal to a broad tenant or buyer base.

For small-business owners, the population of 28,566 and strong median income indicate a customer base with disposable income. The cultural diversity of ZIP 19119 allows for niche offerings, whether you’re in retail, food, or services, tailored to varied community needs. Analysts can use these metrics to benchmark against other ZIP codes or predict trends in housing and economic growth, leveraging the area’s balanced demographics as a case study for urban diversity and stability.

Run This Study Yourself

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