ZIP 19124 - 860Z200US19124 — Demographic Snapshot (2023)

Overview

If you're considering ZIP code 19124 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 and opportunity. With a population of over 70,000 and a median household income of $46,100, ZIP 19124 presents a dynamic community with accessible housing options. In this detailed snapshot, we’ll break down the key metrics for 2023, including population, income, housing costs, and racial composition, to help homebuyers, investors, small-business owners, and analysts make informed decisions.

Population & Households

ZIP 19124 is home to a substantial population of 70,763 residents, making it a bustling and vibrant area. These individuals are distributed across 24,760 households, reflecting a community with a strong residential presence. The total number of housing units stands at 27,014, indicating a slight surplus of available properties compared to occupied households. This could suggest opportunities for potential buyers or renters looking to settle in the area, as well as for investors eyeing vacant units for development or leasing.

Income & Housing Costs

The median household income in ZIP 19124 is $46,100, which provides insight into the economic profile of the area. This income level suggests a working-class community where affordability is a key consideration for many residents. On the housing front, the median home value is $155,000, positioning this ZIP code as a relatively accessible entry point for homebuyers in the Philadelphia region. For renters, the median monthly rent is $1,063, offering a more budget-friendly alternative to homeownership. These figures are critical for understanding the financial landscape and planning budgets, whether you're buying, investing, or starting a business.

Race & Ethnicity

ZIP 19124 stands out for its rich cultural diversity, with a racial and ethnic composition that reflects a true melting pot. The largest demographic group is Hispanic, accounting for 44.27% of the population, followed by Black residents at 33.7%. White residents make up 14.5% of the population, while Asian individuals represent 4.51%. This diversity shapes the community’s identity, influencing local businesses, cultural events, and social dynamics. For business owners and investors, this mix presents opportunities to cater to a wide range of cultural preferences and needs.

Key Facts

• Total population: 70,763 residents, indicating a sizable and active community.
• Total households: 24,760, showing a strong base of family and individual units.
• Total housing units: 27,014, with potential availability for new residents or investors.
• Median household income: $46,100, reflecting a working-class economic profile.
• Median home value: $155,000, an accessible price point for many buyers.
• Median rent: $1,063 per month, offering affordable rental options.
• Racial diversity: Hispanic (44.27%), Black (33.7%), White (14.5%), Asian (4.51%).

What This Means for You

For homebuyers, ZIP 19124 offers a chance to enter the housing market at a median value of $155,000, which is relatively affordable compared to other parts of Philadelphia. The slight surplus of housing units (27,014 total versus 24,760 households) may provide negotiating leverage or more options to choose from. Investors and real estate agents can explore opportunities in both rental and purchase markets, given the median rent of $1,063 and the potential for unoccupied units to be repurposed or leased. Small-business owners will find a diverse customer base of over 70,000 residents, with a cultural mix that supports niche markets, from ethnic foods to specialized services. Analysts can use these metrics to benchmark ZIP 19124 against neighboring areas, identifying trends in income, housing costs, and demographic shifts. Whether your goal is to live, invest, or grow a business, these insights provide a solid foundation for decision-making.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 19124? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing, and more, tailored to your specific needs.
• Use the insights to compare areas, identify opportunities, and make data-driven decisions for your home, investment, or business plans.