ZIP 04038

What ZIP 04038 actually tells you, and what it doesn't

The 04038 ZIP Code Tabulation Area has a population of 17,999 and a median household income of $103,152. Against the other tabulation areas in this dataset, it places as follows.

The median home is priced at about 3.8 times median household income, above the midpoint for reporting areas. A gap of this size usually means demand is being set by buyers whose income is not counted in this ZCTA -- commuters, second-home buyers, or investors.

At the median, rent consumes roughly 15% of a median household's income -- below the midpoint for reporting areas, and well under the 30% line commonly used to define a cost burden.

Half the residents are under 36.5, young enough to place 04038 in the youngest quarter of the 32,853 areas reporting an age. Campuses, barracks, and dense rental districts dominate this end of the range, and where that is the cause the income and poverty figures describe students rather than settled households.

ZCTAs approximate USPS ZIP codes rather than matching them, and these are 5-year ACS estimates, so they trail current conditions.