ZIP 10034 - 860Z200US10034 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 10034, located in the northernmost part of Manhattan, New York, this demographic and housing snapshot offers a clear picture of the area in 2023. With a diverse population, varied income levels, and a competitive housing market, this ZIP code presents unique opportunities and challenges for homebuyers, real estate investors, small-business owners, and analysts. Let’s dive into the data to help you make informed decisions about living or working in this vibrant community.

Population & Households

ZIP 10034 is home to a population of 39,037 residents as of 2023, making it a moderately sized community within the bustling New York City landscape. These residents are distributed across 15,462 households, reflecting a dense urban environment where multi-family housing is common. The total number of housing units stands at 16,599, indicating a slight surplus of available units over occupied households, which could suggest some vacancy or rental opportunities for prospective buyers or investors.

Income & Housing Costs

The median household income in ZIP 10034 is $69,786, which provides a solid economic base for many families and individuals in the area. This income level positions the area as a middle-ground option compared to other parts of Manhattan, offering affordability without sacrificing access to urban amenities. Housing costs, however, reflect the high demand typical of New York City. The median house value is $518,000, a significant investment that underscores the competitive real estate market. For renters, the median rent is $1,621 per month, which aligns with the area’s urban setting but may pose challenges for those on tighter budgets.

Race & Ethnicity

ZIP 10034 stands out for its cultural diversity, with a population composition that reflects a rich mix of backgrounds. The largest demographic group is Hispanic, making up 67.09% of residents, followed by White residents at 18.81%. Black residents account for 7.04% of the population, while Asian residents comprise 3.0%. This diversity shapes the community’s identity, influencing local businesses, cultural events, and social dynamics. For business owners or investors, this mix offers a chance to cater to a wide range of preferences and needs.

Key Facts

• Total population: 39,037 residents in 2023, a sizable urban community.
• Total households: 15,462, indicating a dense living environment.
• Total housing units: 16,599, with some potential vacancies or rental options.
• Median household income: $69,786, supporting a middle-income lifestyle.
• Median house value: $518,000, reflecting a competitive real estate market.
• Median rent: $1,621 per month, consistent with urban rental costs.
• Hispanic population: 67.09%, highlighting significant cultural diversity.

What This Means for You

For homebuyers, ZIP 10034 offers a chance to live in a culturally rich part of Manhattan, though the median house value of $518,000 means you’ll need to budget carefully or explore financing options. The slight surplus of housing units (16,599 vs. 15,462 households) might provide some negotiation room if vacancies are available. Investors and real estate agents can find potential in the rental market, where a median rent of $1,621 suggests steady demand, especially given the area’s diversity and urban appeal. Keep an eye on vacancy trends to maximize returns. Small-business owners will appreciate the diverse customer base, with a strong Hispanic presence offering opportunities for targeted products or services. Finally, analysts can use this data to benchmark ZIP 10034 against neighboring areas, focusing on income and housing cost trends to predict future growth or shifts.

Run This Study Yourself

• Want to explore ZIP 10034 or another area in greater depth? Start by visiting ZipcodeGPT for a user-friendly platform to analyze demographic and housing data.
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• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business venture.