ZIP 19143 - 860Z200US19143 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business venture in ZIP 19143, located in the heart of Philadelphia, Pennsylvania, understanding the local demographics and housing landscape is essential. This snapshot, based on 2023 data, offers a clear view of the population, income levels, housing costs, and racial composition in this vibrant area. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, these insights can guide your next steps with confidence.

Population & Households

ZIP 19143 is home to a substantial population of 62,503 residents, making it a densely populated urban area with a diverse community. These individuals are distributed across 27,135 households, reflecting a mix of family structures and living arrangements. With 31,391 total housing units in the area, there’s a notable presence of both occupied and vacant properties, which could signal opportunities for investors or buyers looking to enter the market.

Income & Housing Costs

The median household income in ZIP 19143 stands at $47,964, which is below the national average but reflective of the economic diversity in urban settings like Philadelphia. For homebuyers or renters, housing costs are a critical factor. The median house value here is $152,000, offering a relatively accessible entry point for first-time buyers or investors seeking properties with potential for appreciation. Meanwhile, the median rent is $1,235 per month, which aligns with the income levels in the area and suggests a rental market that caters to a wide range of budgets.

These figures highlight a balance between affordability and opportunity, particularly for those looking to invest in or settle into a community with room for growth. Understanding these costs can help you budget effectively, whether you're planning to buy, rent, or develop in ZIP 19143.

Race & Ethnicity

The racial and ethnic composition of ZIP 19143 paints a picture of a predominantly Black community, with 72.59% of residents identifying as Black or African American. White residents make up 14.56% of the population, while Asian residents account for 2.56%, and Hispanic or Latino individuals represent 4.06%. This diversity contributes to a rich cultural fabric, which can be a draw for businesses aiming to serve a varied customer base or for families seeking a dynamic, inclusive neighborhood.

Key Facts

• Total population: 62,503 residents, indicating a sizable urban community.
• Total households: 27,135, showcasing a mix of family and individual living arrangements.
• Total housing units: 31,391, with potential availability for new occupants or investors.
• Median household income: $47,964, reflecting the economic profile of the area.
• Median house value: $152,000, an accessible price point for many buyers.
• Median rent: $1,235, offering rental options for diverse income levels.
• Racial composition: Predominantly Black (72.59%), with smaller White (14.56%), Asian (2.56%), and Hispanic (4.06%) populations.

What This Means for You

For homebuyers, ZIP 19143 presents an opportunity to purchase at a median value of $152,000, which is relatively affordable compared to other urban markets. This could be ideal for first-time buyers or those looking to build equity in a growing area. Renters will find the median rent of $1,235 manageable, especially with a household income around $47,964, though budgeting will be key.

For real estate investors and agents, the gap between total housing units (31,391) and households (27,135) suggests potential vacancies or underutilized properties. This could translate into opportunities for renovation, rental income, or flipping, especially given the accessible median home value. Keeping an eye on local development trends will be crucial to maximizing returns.

For small-business owners, the diverse population of 62,503 and the cultural mix in ZIP 19143 offer a broad customer base. Tailoring products or services to the predominant demographic (72.59% Black) while embracing the area’s diversity can help establish a loyal clientele. Additionally, the income levels suggest a market for value-driven offerings.

For analysts, these metrics provide a foundation for deeper research into economic trends, housing demand, and community needs in ZIP 19143. Pairing this data with historical trends or neighboring ZIP code comparisons can uncover actionable insights.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 19143? Start by visiting ZipcodeGPT for a user-friendly way to access detailed demographic and housing data.
• Enter any ZIP code to generate a customized report tailored to your needs, whether you're buying, investing, or planning a business.
• Use the insights to make informed decisions, just like the ones provided in this snapshot, and stay ahead in your market.