ZIP 10562 - 860Z200US10562 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 10562, located in the heart of Westchester County, New York, this demographic and housing snapshot offers a clear picture of the area’s population, income, and real estate landscape. Based on the latest 2023 data, this analysis provides actionable insights for homebuyers, real estate investors, small-business owners, and analysts. From household income to housing costs and racial diversity, here’s what you need to know about ZIP 10562 to make informed decisions.

Population & Households

ZIP 10562 is home to a population of 33,700 residents, making it a moderately sized community with a vibrant local presence. These residents are distributed across 12,230 households, reflecting a mix of family units, singles, and shared living arrangements. With 12,745 total housing units in the area, there’s a slight surplus of properties compared to occupied households, which could indicate some availability for new residents or investors looking to enter the market.

Income & Housing Costs

Financially, ZIP 10562 stands out with a median household income of $113,069, signaling a relatively affluent community compared to national averages. This income level supports a robust local economy, which can be a draw for businesses and investors. On the housing front, the median home value is $486,700, reflecting the premium real estate market typical of Westchester County. For renters, the median monthly rent is $2,118, indicating a high cost of living that aligns with the area’s income and property values. These figures suggest that while ZIP 10562 offers opportunities, it also demands financial readiness from prospective buyers or tenants.

Race & Ethnicity

The demographic makeup of ZIP 10562 is notably diverse, offering a multicultural environment that can appeal to a wide range of residents and businesses. The racial composition includes 46.83% White, 8.35% Black, 3.97% Asian, and a significant 37.34% Hispanic population. This diversity fosters a rich cultural tapestry, which can be a key consideration for community engagement, business targeting, or understanding local market needs. It also positions ZIP 10562 as a welcoming area for families and individuals from varied backgrounds.

Key Facts

• Total population: 33,700 residents, offering a sizable community for engagement or customer base.
• Total households: 12,230, indicating a strong residential foundation.
• Total housing units: 12,745, with some potential availability for new occupants or investors.
• Median household income: $113,069, reflecting economic strength in the area.
• Median home value: $486,700, positioning ZIP 10562 as a high-value real estate market.
• Median rent: $2,118 per month, aligning with the area’s elevated cost of living.
• Racial diversity: 46.83% White, 37.34% Hispanic, 8.35% Black, and 3.97% Asian, showcasing a multicultural community.

What This Means for You

For homebuyers, ZIP 10562 offers a premium market with median home values at $486,700, ideal for those seeking long-term value in a well-established area. The high median income suggests neighbors with financial stability, often correlating with good schools and amenities, though you’ll need to budget for the elevated costs. Real estate investors and agents can find opportunities in the slight surplus of housing units (12,745 vs. 12,230 households), potentially indicating vacancies or rental prospects, especially with a median rent of $2,118. The diverse population also means a broad tenant pool. For small-business owners, the area’s 33,700 residents and $113,069 median income point to a strong customer base with disposable income, while the cultural diversity offers a chance to cater to varied tastes and needs. Analysts can use this data to benchmark ZIP 10562 against nearby areas, focusing on income and housing trends to predict future growth or shifts.

Run This Study Yourself

• Curious about diving deeper into ZIP 10562 or comparing it with another area? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access detailed metrics like population, income, and real estate values tailored to your needs.
• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business venture.