ZIP 10473 - 860Z200US10473 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 10473 for a home purchase, investment opportunity, or business venture, understanding the local demographics and housing landscape is essential. Located in the Bronx, New York, this area offers a unique blend of diversity and urban density. With data from 2023, this snapshot 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 10473.

Population & Households

ZIP 10473 is home to a substantial population of 59,778 residents, making it a vibrant and densely populated community. This area supports 22,734 households, reflecting a strong residential base. With 23,234 total housing units, the region shows a tight housing market where nearly all units are occupied. For families, investors, or businesses, this high population density suggests both opportunities for engagement and challenges in securing available space.

Income & Housing Costs

The median household income in ZIP 10473 stands at $50,609, which is an important figure for understanding the economic capacity of residents. This income level may influence affordability for potential homebuyers and the spending power of customers for local businesses. On the housing front, the median home value is $586,800, indicating a significant investment for those looking to buy property in this area. For renters, the median rent is $1,131 per month, which offers a more accessible entry point compared to purchasing. These figures highlight the financial considerations for anyone entering this market, whether to live, invest, or operate a business.

Race & Ethnicity

ZIP 10473 is a culturally rich and diverse community, with a racial and ethnic composition that shapes its identity. The largest demographic group is Hispanic, comprising 59.26% of the population, followed by Black residents at 33.67%. Asian residents make up 2.43%, while White residents account for just 1.68%. This diversity creates a dynamic social fabric, offering unique cultural experiences and business opportunities tailored to a predominantly Hispanic and Black population. For investors and business owners, understanding these demographics can help in targeting products, services, or community initiatives effectively.

Key Facts

• Total population: 59,778 residents, indicating a sizable community in ZIP 10473.
• Total households: 22,734, showing a strong residential presence.
• Total housing units: 23,234, with high occupancy rates suggesting limited availability.
• Median household income: $50,609, reflecting the economic profile of the area.
• Median home value: $586,800, a significant figure for potential buyers and investors.
• Median rent: $1,131, offering a more affordable option compared to buying.
• Dominant demographics: 59.26% Hispanic and 33.67% Black, highlighting a diverse population.

What This Means for You

For homebuyers, ZIP 10473 presents a high-cost housing market with a median home value of $586,800, which may require careful financial planning. However, the rental market, with a median rent of $1,131, could be a viable alternative for those not ready to buy. Real estate investors and agents should note the near-full occupancy of housing units, suggesting strong demand but limited inventory—potentially a good environment for rental properties or flipping homes if opportunities arise. Small-business owners can leverage the area’s diversity and population density of nearly 60,000 to target niche markets, especially those appealing to Hispanic and Black communities. Analysts will find the income and demographic data useful for forecasting trends or advising clients on market entry. Across all groups, the cultural richness and economic realities of ZIP 10473 offer both challenges and rewards for strategic decision-making.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 10473? Start by visiting ZipcodeGPT for a user-friendly platform to access detailed demographic and housing data.
• Enter any ZIP code of interest to generate a customized report with the latest metrics tailored to your needs.
• Use the insights to inform your homebuying, investment, or business decisions with confidence and precision.