ZIP 19122 - 860Z200US19122 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 19122, located in Philadelphia, Pennsylvania, understanding the local demographics and housing landscape is essential. This snapshot, based on 2023 data, provides a clear picture of the community, from population and income to housing costs and diversity. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, these insights can help you make informed decisions about this dynamic area.

Population & Households

ZIP 19122 is home to a population of 24,740 residents, making it a moderately sized urban community. These individuals are distributed across 9,102 households, reflecting a mix of family and individual living arrangements. With 10,139 total housing units in the area, there’s a slight surplus of units over households, which could indicate some vacancy or availability for new residents or investors looking to enter the market. This balance between population and housing suggests a neighborhood with room for growth or transition, depending on local demand.

Income & Housing Costs

The median household income in ZIP 19122 stands at $57,785, which offers a glimpse into the economic profile of the area. This income level suggests a community with a mix of working-class and middle-income households, providing a stable base for local businesses and services. On the housing front, the median home value is $341,000, reflecting a competitive real estate market that may appeal to buyers seeking long-term value or investors eyeing appreciation potential. For renters, the median rent is $1,294 per month, indicating a significant cost for housing that businesses and property managers should note when assessing affordability for potential customers or tenants.

Race & Ethnicity

ZIP 19122 boasts a diverse population, which adds to the cultural richness of the area. The racial and ethnic composition breaks down as follows: 37.35% White, 30.07% Black, 9.29% Asian, and 19.15% Hispanic. This diversity creates a vibrant community atmosphere, offering opportunities for businesses to cater to varied cultural preferences and for residents to engage in a multicultural environment. For investors and small-business owners, this mix can translate into a broad customer base with unique needs and interests.

Key Facts

• Total population: 24,740 residents in ZIP 19122 as of 2023.
• Total households: 9,102, indicating a mix of family and solo living.
• Total housing units: 10,139, suggesting some availability or vacancy.
• Median household income: $57,785, reflecting a stable economic base.
• Median home value: $341,000, pointing to a competitive housing market.
• Median rent: $1,294, a notable cost for renters in the area.
• Diverse demographics: 37.35% White, 30.07% Black, 9.29% Asian, 19.15% Hispanic.

What This Means for You

For homebuyers, ZIP 19122 offers a chance to join a diverse, urban community with a median home value of $341,000. This price point may suit those looking for a long-term investment in a growing area, though it’s wise to factor in the median rent of $1,294 if considering a rental property purchase. Investors and real estate agents will find potential in the slight surplus of housing units (10,139 units versus 9,102 households), which could signal opportunities for flipping, renting, or development, especially given the area’s cultural diversity and solid median income of $57,785. Small-business owners can leverage the diverse population of 24,740 to offer tailored products or services, while the income levels suggest a customer base with moderate purchasing power. Finally, analysts can use these metrics to track trends in urban demographics, housing affordability, and economic stability in Philadelphia’s evolving landscape.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 19122? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date insights on population, income, housing costs, and more, tailored to your needs.
• Use the detailed reports to inform your next move, investment, or business strategy with confidence.