02324 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Plymouth County
Centroid: Latitude 41.981, Longitude -70.974
Time Zone: Eastern Time Zone (UTC -5 hours)
Observes DST: Yes

ZIP Code 02324 has segments in 2 Counties (Norfolk, Plymouth).

Businesses Addresses: 749
PO Box Addresses: 198
Residential Addresses: 9,160

Multi-Family Addresses: 1,708
Single Family Addresses: 7,452

The ZIP Code maps and database are updated 4 times per year.
Database updated: October 1, 2020, Maps updated: November 4, 2020.

Bridgewater, MA 02324 Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	29,254 (100%)
Population in Households	24,670 (84.3%)
Population in Families	20,569 (70.3%)
Population in Group Quarters¹	4,584 (15.7%)
Population Density	1,036
Diversity Index²	31


INCOME
Median Household Income	$103,091
Average Household Income	$119,585
% of Income for Mortgage⁴	16%
Per Capita Income	$37,443
Wealth Index⁵	150

HOUSING
Total HU (Housing Units)	9,257 (100%)
Owner Occupied HU	6,673 (72.1%)
Renter Occupied HU	2,319 (25.1%)
Vacant Housing Units	265 ( 2.9%)
Median Home Value	$389,684
Average Home Value	$434,055
Housing Affordability Index³	143

HOUSEHOLDS
Total Households	8,992
Average Household Size	2.74
Family Households	6,393
Average Family Size	3

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Bridgewater, MA 02324 - Peer Comparisons by Rank and Percentile

The table below compares 02324 to the other 518 ZIP Codes in Massachusetts by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2010-2020	2020-2025
Population	0.82%	0.66%
Households	1.01%	0.75%
Families	0.92%	0.7%
Median Household Income		0.99%
Per Capita Income		2.06%
Owner Occupied HU		0.84%

Variable Description	Rank	Percentile
Total Population	# 64	88th
Population Density	# 222	57th
Median Household Income	# 147	72nd
Housing Affordability Index	# 396	76th
Per Capita Income	# 361	31st
Diversity Index	# 216	58th

Bridgewater, MA 02324 ZIP Code Profile

ZIP Code 02324: Basic Data & USPS Preferred City Name

Bridgewater, MA 02324 Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Bridgewater, MA 02324 - Peer Comparisons by Rank and Percentile

Popular Places Near ZIP Code 02324

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