ZIP 10704 - 860Z200US10704 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 10704 for your next home, investment, or business venture, this demographic and housing snapshot offers a clear picture of the area. Located in Yonkers, New York, ZIP 10704 is a vibrant community with a mix of residential and economic opportunities. Using the latest 2023 data, we’ve compiled key metrics on population, income, housing, and diversity 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 understanding this dynamic area.

Population & Households

ZIP 10704 is home to a population of 31,844 residents, making it a moderately sized community with a strong residential presence. This population is distributed across 12,032 households, reflecting a mix of family and individual living arrangements. With 12,576 total housing units in the area, 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 stable community with room for growth, ideal for those seeking a settled yet evolving neighborhood.

Income & Housing Costs

Financially, ZIP 10704 stands out with a median household income of $110,097, indicating 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 $508,100, reflecting a competitive real estate market that may appeal to buyers seeking long-term value or investors eyeing appreciation potential. For renters, the median rent is $1,898 per month, which aligns with the area’s higher income and property values, suggesting a market geared toward those with stable finances.

Race & Ethnicity

Diversity is a defining feature of ZIP 10704, with a racial and ethnic composition that reflects a multicultural community. White residents make up 50.19% of the population, followed by Hispanic or Latino residents at 32.18%, Black or African American residents at 7.29%, and Asian residents at 5.17%. This blend of backgrounds creates a rich cultural tapestry, which can be a significant asset for businesses catering to diverse customer bases or families seeking an inclusive environment. Understanding this demographic mix is crucial for tailoring services, marketing strategies, or community engagement efforts in this area.

Key Facts

• Total population: 31,844 residents, offering a sizable community for engagement or market reach.
• Total households: 12,032, indicating a strong base of potential customers or neighbors.
• Total housing units: 12,576, suggesting some availability for new occupants or investment properties.
• Median household income: $110,097, reflecting a financially stable population.
• Median home value: $508,100, pointing to a valuable real estate market.
• Median rent: $1,898, aligning with the area’s higher income and property costs.
• Diversity: 50.19% White, 32.18% Hispanic, 7.29% Black, 5.17% Asian, showcasing a multicultural community.

What This Means for You

For homebuyers, ZIP 10704 offers a stable and diverse community with a median home value of $508,100, which could represent a solid long-term investment given the area’s income levels. The slight surplus of housing units over households might mean opportunities to find a property, though competition could still be stiff due to the desirable location. Real estate investors and agents will find the high median income and home values promising for rental yields or property flips, especially with a median rent of $1,898 attracting reliable tenants. Small-business owners can leverage the diverse population of 31,844 and the strong median income to target a wide range of customers with disposable income. Analysts can use these metrics to benchmark ZIP 10704 against other areas, identifying trends in housing demand or economic growth. Across all groups, the cultural diversity here opens doors for tailored offerings and community-focused strategies.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 10704? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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