ZIP 10940 - 860Z200US10940 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 10940, located in the Middletown area of New York, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of over 53,000 and a diverse cultural makeup, this area presents unique opportunities and challenges for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you make informed decisions about living, working, or investing in ZIP 10940.

Population & Households

ZIP 10940 is home to a substantial population of 53,099 residents, making it a vibrant and active community. These individuals are distributed across 18,680 households, reflecting a mix of family sizes and living arrangements. With 19,930 total housing units in the area, there’s a slight surplus of homes compared to households, which could indicate availability for new residents or investors looking to enter the market. This balance between population and housing suggests a stable yet dynamic area for growth and opportunity.

Income & Housing Costs

The median household income in ZIP 10940 stands at $87,198, which is a strong figure for the region and indicates a community with solid earning potential. For homebuyers and investors, the median house value is $301,400, reflecting a moderately priced housing market that could appeal to a wide range of budgets. Meanwhile, renters face a median rent of $1,600 per month, which aligns with the income levels and suggests that rental properties could be a viable investment. These financial metrics paint a picture of affordability balanced with opportunity for growth in property values over time.

Race & Ethnicity

ZIP 10940 boasts a diverse population, which adds to the cultural richness of the area. The racial and ethnic composition includes 39.16% White, 20.24% Black, 3.86% Asian, and 31.95% Hispanic residents. This diversity can be a significant draw for businesses looking to cater to varied customer bases or for families seeking a multicultural environment. Understanding this demographic mix is crucial for tailoring services, marketing strategies, or community engagement efforts in this ZIP code.

Key Facts

• Total population: 53,099 residents, indicating a sizable community with active local demand.
• Total households: 18,680, reflecting a mix of family and individual living arrangements.
• Total housing units: 19,930, suggesting potential availability for new residents or investors.
• Median household income: $87,198, showcasing strong earning potential for the area.
• Median house value: $301,400, a moderate price point for buyers and investors.
• Median rent: $1,600, aligning with income levels and supporting rental market viability.
• Diverse population: 39.16% White, 20.24% Black, 3.86% Asian, and 31.95% Hispanic.

What This Means for You

For homebuyers, ZIP 10940 offers a reasonably priced housing market with a median value of $301,400, making it accessible for many families or individuals looking to settle in a diverse and active community. The slight surplus of housing units could mean less competition when searching for a home. For investors and real estate agents, the combination of a strong median income and moderate home values suggests potential for appreciation, while the rental market at $1,600 median rent indicates steady demand for leasing options. Small-business owners can benefit from the diverse demographic makeup, tailoring products or services to a wide range of cultural preferences and needs among the 53,099 residents. Finally, analysts can use these metrics to identify trends in housing availability, income stability, and population growth for deeper market studies in ZIP 10940.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 10940? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
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