ZIP 10029 - 860Z200US10029 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 10029, located in the heart of New York City, this demographic and housing snapshot offers a clear picture of the area in 2023. Covering key metrics like population, income, housing values, and racial composition, this analysis equips homebuyers, real estate investors, agents, small-business owners, and analysts with actionable insights. Whether you’re evaluating affordability, market potential, or community dynamics, understanding ZIP 10029 starts here.

Population & Households

ZIP 10029 is home to a vibrant community of 74,848 residents as of 2023. This sizable population supports a diverse and active local economy, making it a noteworthy area for businesses and investors. The area comprises 33,098 households, reflecting a mix of family units, singles, and shared living arrangements. With 36,955 total housing units, there’s a slight gap between available homes and occupied households, suggesting some vacancy or secondary property ownership—potentially an opportunity for real estate stakeholders.

Income & Housing Costs

The median household income in ZIP 10029 stands at $38,308, which is relatively modest compared to broader metropolitan benchmarks. This figure signals affordability challenges for some residents, particularly when paired with housing costs. The median house value is a striking $818,100, indicating a high barrier to entry for prospective homebuyers. Meanwhile, the median rent of $1,183 per month offers a more accessible option for those not ready to purchase. These numbers highlight a market where renting may be the dominant choice for many, while property ownership could appeal to investors seeking long-term appreciation.

Race & Ethnicity

ZIP 10029 boasts a rich cultural tapestry, with a racial and ethnic composition that reflects significant diversity. Hispanic residents make up the largest group at 41.96%, followed by Black residents at 27.77%. White residents account for 14.02%, and Asian residents comprise 11.87%. This blend of backgrounds creates a dynamic community, offering unique opportunities for businesses catering to varied cultural needs and preferences. For investors and agents, this diversity can inform marketing strategies and property development tailored to specific demographic segments.

Key Facts

• Total population: 74,848 residents, supporting a robust local market.
• Total households: 33,098, indicating a mix of living arrangements.
• Total housing units: 36,955, with some potential vacancy or investment properties.
• Median household income: $38,308, reflecting affordability constraints for some.
• Median house value: $818,100, a significant investment threshold.
• Median rent: $1,183, a more accessible housing option.
• Racial diversity: Hispanic (41.96%), Black (27.77%), White (14.02%), Asian (11.87%).

What This Means for You

For homebuyers, ZIP 10029 presents a challenging but potentially rewarding market. The high median house value of $818,100 means you’ll need substantial financial readiness, but the area’s diversity and population density suggest a lively, connected community. Renting at a median of $1,183 could be a smart interim step while saving for a purchase. Investors and agents should note the gap between housing units and households, which may point to rental or flip opportunities, especially given the area’s cultural richness and steady demand. The high property values also suggest potential for long-term gains, though the lower median income could temper rental yields. For small-business owners, the diverse population of 74,848 offers a broad customer base—think niche markets catering to Hispanic, Black, or Asian communities. However, be mindful of income levels when pricing products or services. Analysts can use these metrics to benchmark ZIP 10029 against neighboring areas, identifying trends in housing affordability or demographic shifts.

Run This Study Yourself

• Curious about other ZIP codes or deeper insights into ZIP 10029? Start by visiting ZipcodeGPT to access powerful demographic and housing analysis tools.
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