ZIP 19120 - 860Z200US19120 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 19120 for your next home, investment, or business venture, understanding the area’s demographics and housing landscape is essential. Located in Philadelphia, Pennsylvania, this ZIP code offers a unique blend of diversity, affordability, and opportunity. With a population of over 68,000 and a median household income of $51,993, this area reflects a vibrant, working-class community. In this detailed snapshot based on 2023 data, we’ll break down key metrics on population, income, housing costs, and racial composition to help you make informed decisions.

Population & Households

ZIP 19120 is home to a substantial population of 68,078 residents, making it a densely populated urban area with a strong community presence. These individuals are distributed across 24,208 households, indicating an average household size of roughly 2.8 people. This suggests a mix of families and smaller living arrangements, which could appeal to a variety of homebuyers or renters looking for a lively yet manageable neighborhood. Additionally, the total number of housing units stands at 25,730, pointing to a slight surplus of available homes compared to occupied households, which may offer opportunities for buyers or investors.

Income & Housing Costs

The median household income in ZIP 19120 is $51,993, reflecting a moderate earning level that aligns with many working-class communities. For homebuyers and investors, this income level suggests affordability is a key characteristic of the area. The median house value is $143,500, which is relatively accessible compared to broader metropolitan averages, making this ZIP code an attractive option for first-time buyers or those seeking value-driven investments. Meanwhile, the median rent is $1,186 per month, offering a reasonable cost for renters and a potential income stream for landlords. These figures highlight a balance between affordability and opportunity in the local housing market.

Race & Ethnicity

ZIP 19120 stands out for its rich cultural diversity, which shapes the community’s character and appeal. The racial composition includes 44.13% Black or African American, 31.82% Hispanic or Latino, 13.48% Asian, and 4.75% White residents, with the remainder comprising other or mixed-race groups. This diversity fosters a multicultural environment that can be a draw for families, businesses, and investors looking to engage with a wide range of perspectives and customer bases. For small-business owners, this demographic mix offers a chance to cater to varied needs and preferences, while homebuyers may appreciate the inclusive community vibe.

Key Facts

• Total population: 68,078 residents, indicating a sizable urban community.
• Total households: 24,208, with an average household size of about 2.8 people.
• Total housing units: 25,730, suggesting some availability for new occupants.
• Median household income: $51,993, reflecting a moderate earning base.
• Median house value: $143,500, an affordable entry point for buyers.
• Median rent: $1,186, a reasonable cost for tenants and potential landlord income.
• Racial diversity: Predominantly Black (44.13%) and Hispanic (31.82%), with significant Asian (13.48%) representation.

What This Means for You

For homebuyers, ZIP 19120 offers an affordable entry into homeownership with a median house value of $143,500, well-suited for first-time buyers or those on a budget. The area’s diversity and population density create a dynamic community atmosphere, ideal for families or individuals seeking connection. Investors and real estate agents will find potential in the slight surplus of housing units (25,730 total) compared to households (24,208), alongside a median rent of $1,186 that supports rental income opportunities. Small-business owners can leverage the multicultural population of 68,078 to target niche markets or offer inclusive services, capitalizing on the area’s varied demographic needs. Analysts can use these metrics to assess growth potential or community trends, grounding strategies in solid data.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 19120? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
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