ZIP 19702 - 860Z200US19702 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 19702 for your next home, investment, or business venture, understanding the area’s demographic and housing landscape is essential. Located in Delaware, this ZIP code offers a vibrant community with a mix of economic opportunities and diverse residents. This snapshot, based on 2023 data, breaks down key metrics like population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into what makes ZIP 19702 unique and how it can align with your goals.

Population & Households

ZIP 19702 is home to a substantial population of 56,049 individuals, reflecting a thriving and active community. This area supports 21,551 households, indicating a strong base of families and individuals who contribute to the local economy and culture. With 22,149 total housing units, there’s a slight surplus of homes compared to occupied households, which could signal availability for new residents or investors looking to enter the market. This balance suggests a stable residential environment with room for growth, making it an area worth watching for those planning a move or business expansion.

Income & Housing Costs

Economic stability is a key factor when evaluating any area, and ZIP 19702 stands out with a median household income of $92,304. This figure points to a relatively affluent community with disposable income to support local businesses and sustain a comfortable lifestyle. On the housing front, the median home value is $331,200, which aligns with the income levels and suggests a market that’s accessible to middle- and upper-middle-class buyers. For renters, the median rent of $1,549 reflects a competitive rental market, offering options for those not ready to buy. These numbers highlight ZIP 19702 as a financially sound area for potential homeowners and investors seeking value and growth potential.

Race & Ethnicity

Diversity is a defining characteristic of ZIP 19702, with a racial and ethnic composition that enriches the community’s cultural fabric. The population breaks down as follows: 38.31% White, 30.6% Black, 12.03% Asian, and 13.75% Hispanic. This mix fosters a dynamic environment where different perspectives and traditions coexist, benefiting businesses that cater to varied customer bases and families seeking inclusive neighborhoods. For investors and entrepreneurs, this diversity can translate into opportunities to serve niche markets or build community-focused ventures.

Key Facts

• Total population in ZIP 19702: 56,049 residents, indicating a sizable and active community.
• Total households: 21,551, supporting a strong residential base.
• Total housing units: 22,149, with a small surplus suggesting potential availability.
• Median household income: $92,304, reflecting economic stability.
• Median home value: $331,200, appealing to a range of buyers.
• Median rent: $1,549, competitive for the area’s income levels.
• Diverse population: 38.31% White, 30.6% Black, 12.03% Asian, 13.75% Hispanic.

What This Means for You

For homebuyers, ZIP 19702 offers a promising blend of affordability and quality of life, with median home values at $331,200 and a median income of $92,304 supporting a stable market. The slight surplus of housing units could mean less competition when finding your ideal property. Real estate investors and agents will find value in the area’s diversity and economic strength, which can drive demand for both rentals and purchases—especially with a median rent of $1,549 attracting a steady tenant pool. Small-business owners can leverage the diverse population of 56,049 and their spending power to tap into varied customer needs, from cultural products to everyday services. Analysts studying market trends will appreciate the balanced demographics and housing metrics as indicators of long-term growth potential in ZIP 19702. Whether you’re settling down, investing, or launching a venture, this area provides a solid foundation to build on.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 19702? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access up-to-date population, income, and housing insights tailored to your needs.
• Use the detailed reports to make data-driven decisions for your home search, investment strategy, or business plan.