ZIP 19140 - 860Z200US19140 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 19140, located in Philadelphia, Pennsylvania, understanding the area’s demographic and housing landscape is essential. This snapshot, based on 2023 data, provides a clear picture of the community’s population, income levels, housing market, and cultural diversity. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights can guide your next steps in this dynamic urban area.

Population & Households

ZIP 19140 is home to a substantial population of 54,196 residents, making it a densely populated urban zone with a vibrant community feel. The area comprises 20,557 households, reflecting a mix of family and individual living arrangements. With 23,104 total housing units, there’s a notable presence of both occupied and vacant properties, which could signal opportunities for investors or buyers looking to enter the market. This population size and household distribution suggest a bustling area with potential for community engagement and local business growth.

Income & Housing Costs

The median household income in ZIP 19140 stands at $33,149, which is relatively modest compared to national averages. This figure indicates that affordability is a key consideration for residents and potential newcomers. On the housing front, the median home value is $101,100, offering a lower entry point for buyers compared to many other urban markets. For renters, the median rent is $1,085 per month, which aligns with the area’s income levels but may still pose challenges for some households. These metrics highlight ZIP 19140 as a potentially accessible market for first-time buyers or investors seeking value-driven opportunities.

Race & Ethnicity

ZIP 19140 boasts a richly diverse population, with a racial and ethnic composition that reflects a multicultural community. The largest demographic group is Black or African American at 53.2%, followed by Hispanic or Latino residents at 39.98%. White residents make up 2.96% of the population, while Asian individuals account for 1.7%. This diversity shapes the cultural fabric of the area, offering a unique blend of traditions, cuisines, and community events. For businesses and investors, this mix presents opportunities to cater to varied consumer needs and preferences.

Key Facts

• Total population: 54,196 residents, indicating a sizable urban community.
• Total households: 20,557, reflecting a mix of family and solo living.
• Total housing units: 23,104, with potential for both occupancy and investment.
• Median household income: $33,149, suggesting affordability challenges.
• Median home value: $101,100, a relatively accessible price point.
• Median rent: $1,085 per month, aligning with local income levels.
• Diverse demographics: 53.2% Black, 39.98% Hispanic, 2.96% White, 1.7% Asian.

What This Means for You

For homebuyers, ZIP 19140 offers an affordable entry into homeownership with a median home value of $101,100. This could be ideal for first-time buyers or those seeking budget-friendly options in an urban setting. However, consider the median income of $33,149 when planning your finances, as affordability may require careful budgeting.

For investors and real estate agents, the presence of 23,104 housing units, including vacant properties, suggests room for renovation or rental opportunities. The median rent of $1,085 indicates a steady demand for rental properties, especially given the area’s population size.

For small-business owners, the diverse population of 54,196 and cultural mix (over 53% Black and nearly 40% Hispanic) provide a chance to serve a wide range of customer needs. Tailoring products or services to reflect this diversity could build strong community ties and loyalty.

For analysts, these metrics offer a foundation for deeper studies on urban affordability, housing trends, and demographic shifts in ZIP 19140, supporting data-driven decision-making.

Run This Study Yourself

• Visit ZipcodeGPT to access a powerful tool for analyzing ZIP code data across the U.S.
• Enter any ZIP code, like 19140, to uncover detailed demographic, housing, and economic insights tailored to your needs.
• Use the results to inform your homebuying, investment, or business strategy with confidence.