ZIP 19147 - 860Z200US19147 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 19147, located in the heart of Philadelphia, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of nearly 39,000 and a robust median household income, this ZIP code presents a dynamic urban environment. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, understanding these metrics can help you make informed decisions about living, working, or investing here.

Population & Households

ZIP 19147 is home to 38,747 residents, making it a densely populated urban area with a vibrant community feel. These residents are distributed across 19,329 households, reflecting a mix of family units, singles, and shared living arrangements. The total number of housing units stands at 20,735, indicating a slight surplus of available properties over occupied households. This balance suggests potential opportunities for homebuyers or renters looking to settle in a well-established neighborhood with access to urban amenities.

Income & Housing Costs

Financially, ZIP 19147 stands out with a median household income of $104,190, signaling a relatively affluent community compared to national averages. This income level supports a strong local economy, which can be a draw for businesses and investors. On the housing front, the median home value is $524,900, reflecting a competitive real estate market that may appeal to those seeking long-term value appreciation. For renters, the median rent is $1,679 per month, which aligns with the area’s higher cost of living but also indicates a steady demand for rental properties. These figures highlight ZIP 19147 as a premium location for both owning and renting.

Race & Ethnicity

The demographic makeup of ZIP 19147 showcases a diverse yet predominantly white population. Approximately 68.54% of residents identify as white, while 7.92% are Black, 9.4% are Asian, and 6.39% identify as Hispanic. This mix contributes to a culturally rich environment, offering a blend of perspectives and traditions. For businesses, this diversity can translate into a broad customer base with varied needs and preferences, while homebuyers may appreciate the inclusive community atmosphere.

Key Facts

• Total population: 38,747 residents, indicating a sizable urban community.
• Total households: 19,329, reflecting a mix of living arrangements.
• Total housing units: 20,735, suggesting some availability for new residents or investors.
• Median household income: $104,190, pointing to strong earning potential.
• Median home value: $524,900, indicative of a high-value real estate market.
• Median rent: $1,679, aligning with the area’s upscale urban character.
• Racial composition: 68.54% white, 7.92% Black, 9.4% Asian, 6.39% Hispanic, showcasing diversity.

What This Means for You

For homebuyers, ZIP 19147 offers a premium market with median home values at $524,900, ideal for those seeking a long-term investment in a thriving urban area. The slight surplus of housing units over households (20,735 vs. 19,329) could mean opportunities to find a property, though competition may be stiff given the area’s desirability. Real estate investors and agents will find value in the high median income of $104,190, which supports a stable tenant base for rental properties at a median rent of $1,679. The diversity of the population also suggests a resilient market with broad appeal.

Small-business owners can leverage the sizable population of 38,747 and the diverse demographic profile to target a wide range of customers. The strong median income indicates disposable income for goods and services, making this an attractive spot for retail, dining, or professional services. Analysts studying urban trends will appreciate the balanced mix of affluence, diversity, and housing dynamics in ZIP 19147, providing a microcosm of broader metropolitan patterns.

Run This Study Yourself

• Curious about other ZIP codes or deeper insights into ZIP 19147? Start by visiting ZipcodeGPT to access powerful demographic and housing data tools.
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• Use the analysis to inform your decisions, whether you’re buying a home, investing, or planning a business venture.