ZIP 10027 - 860Z200US10027 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 10027 for a home purchase, real estate investment, or business venture, understanding the local demographics and housing landscape is essential. Located in the heart of New York City, this area offers a vibrant, diverse community with unique opportunities and challenges. This snapshot, based on 2023 data, breaks down key population, income, and housing metrics to help homebuyers, investors, agents, small-business owners, and analysts make informed decisions. Let’s dive into the numbers and uncover what makes ZIP 10027 stand out.

Population & Households

ZIP 10027 is home to a substantial population of 65,068 residents, making it a densely populated urban hub. This figure reflects a community with significant activity and potential for both residential and commercial engagement. The area comprises 24,509 households, indicating a mix of family units, singles, and shared living arrangements typical of a metropolitan setting. With 28,038 total housing units, there’s a notable supply of homes, though availability and affordability remain key considerations for prospective buyers or renters.

Income & Housing Costs

The median household income in ZIP 10027 stands at $64,220, which suggests a moderate earning capacity among residents. This income level can influence purchasing power, rental affordability, and the types of businesses that thrive here. On the housing front, the median home value is a striking $915,000, pointing to a high-demand real estate market where property ownership may require significant financial resources. For renters, the median rent is $1,609 per month, reflecting the premium cost of living in this urban locale. These figures highlight the importance of financial planning for anyone looking to settle or invest in this area.

Race & Ethnicity

ZIP 10027 boasts a richly diverse population, a hallmark of many New York City neighborhoods. The racial and ethnic composition includes 33.39% Black or African American, 27.08% White, 23.78% Hispanic or Latino, and 10.22% Asian residents, among other groups. This diversity fosters a culturally dynamic environment, offering unique perspectives and opportunities for community engagement. For businesses, this mix can translate into a broad customer base with varied needs and preferences, while homebuyers may appreciate the inclusive, multifaceted vibe of the neighborhood.

Key Facts

• Total population: 65,068 residents, indicating a bustling urban community.
• Total households: 24,509, reflecting a mix of living arrangements.
• Total housing units: 28,038, showing a significant housing stock.
• Median household income: $64,220, a moderate earning level for the area.
• Median home value: $915,000, signaling a premium real estate market.
• Median rent: $1,609, highlighting the cost of renting in this ZIP code.
• Diverse demographics: 33.39% Black, 27.08% White, 23.78% Hispanic, 10.22% Asian.

What This Means for You

For homebuyers, ZIP 10027 presents a high-value market with a median home price of $915,000. This suggests that entering the market may require substantial savings or financing, but the area’s diversity and urban energy could make it a rewarding long-term investment. Be prepared for competitive bidding and consider working with a local agent familiar with the nuances of this ZIP code.

For investors and real estate agents, the high median home value and sizable population of 65,068 indicate strong demand and potential for appreciation. However, with 28,038 housing units and a median rent of $1,609, rental properties could also offer steady income streams. Focus on properties that cater to the diverse demographic mix to maximize appeal.

For small-business owners, the diverse population and moderate median income of $64,220 suggest a market with varied consumer needs. Tailoring products or services to cultural preferences or offering affordable options could help you tap into this community of over 65,000 potential customers. Location near high-traffic areas will be key to visibility.

For analysts, these metrics provide a clear picture of ZIP 10027’s socioeconomic fabric. The data points to a competitive housing market and a culturally rich population, offering ample material for deeper studies on urban trends or investment viability.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 10027? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code of interest to access up-to-date metrics tailored to your needs, whether for buying, investing, or business planning.
• Use the insights to compare areas, identify trends, and make data-driven decisions with confidence.