ZIP 10032 - 860Z200US10032 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 10032 for a home purchase, investment opportunity, or business venture, understanding the local demographics and housing landscape is essential. Located in a vibrant part of New York City, this area offers a unique blend of diversity and urban energy. This snapshot, based on 2023 data, provides a clear picture of population, income, housing costs, and cultural composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will guide your next steps in ZIP 10032.

Population & Households

ZIP 10032 is home to a substantial population of 55,579 residents, making it a densely populated urban hub. This area supports 21,359 households, reflecting a community with a strong residential presence. With 23,178 total housing units, there’s a slight surplus of units over households, which could indicate some availability for new residents or investors looking to enter the market. This balance suggests a dynamic neighborhood with opportunities for growth and engagement, particularly for those seeking a lively, connected community.

Income & Housing Costs

The median household income in ZIP 10032 stands at $56,588, which provides a moderate economic base for residents. Housing costs, however, reflect the premium nature of urban living in this area. The median house value is $545,500, indicating a significant investment for potential homebuyers or real estate investors. For renters, the median rent is $1,546 per month, which aligns with the higher cost of living typical of New York City neighborhoods. These figures suggest that while income levels are moderate, housing expenses require careful financial planning for both residents and investors.

Race & Ethnicity

ZIP 10032 boasts a richly diverse population, with a cultural mosaic that shapes the community’s character. The racial and ethnic composition includes 62.41% Hispanic residents, making this the predominant demographic group. White residents account for 16.55%, while Black residents make up 12.07%, and Asian residents represent 5.0%. This diversity creates a vibrant, multicultural environment that can appeal to a wide range of individuals and businesses looking to connect with varied customer bases or communities.

Key Facts

• Total population: 55,579 residents, indicating a bustling urban area.
• Total households: 21,359, supporting a strong residential community.
• Total housing units: 23,178, suggesting some availability for new occupants.
• Median household income: $56,588, reflecting moderate earning capacity.
• Median house value: $545,500, a significant investment in this market.
• Median rent: $1,546, consistent with urban rental costs.
• Dominant demographic: 62.41% Hispanic, highlighting a culturally rich community.

What This Means for You

For homebuyers, ZIP 10032 offers a chance to join a diverse, energetic community, though the median home value of $545,500 means you’ll need a solid financial plan to enter this market. The slight surplus of housing units could provide some negotiation leverage if inventory remains available. Investors and real estate agents will find potential in the area’s density and diversity, with opportunities for rental properties given the $1,546 median rent—ideal for targeting a steady tenant base. However, high property values require careful analysis of return on investment. Small-business owners can benefit from the large, varied population of 55,579, especially by catering to the predominant Hispanic demographic (62.41%) with culturally relevant products or services. Finally, analysts can use these metrics to track urban trends, assess housing affordability, or evaluate market saturation in this dynamic ZIP code.

Run This Study Yourself

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