ZIP 11050 - 860Z200US11050 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 11050, located in Nassau County, New York, this demographic and housing snapshot offers a clear picture of the area in 2023. With a robust population, high median incomes, and substantial property values, this ZIP code presents unique opportunities and challenges for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the latest data to help you make informed decisions about living, investing, or operating in this community.

Population & Households

ZIP 11050 is home to a population of 32,657 individuals as of 2023, making it a moderately sized community with a diverse residential base. This population is distributed across 11,656 households, indicating a strong demand for housing in the area. With 12,329 total housing units available, there’s a slight surplus of properties over households, which could suggest some availability for new residents or investors looking to enter the market. Understanding these numbers is crucial for gauging the scale of community services, infrastructure needs, and market potential in this area.

Income & Housing Costs

One of the standout metrics for ZIP 11050 is its median household income of $153,819, which reflects a high-earning community with significant purchasing power. This income level positions the area as an attractive market for premium goods, services, and real estate. On the housing front, the median home value stands at an impressive $990,800, indicating a premium market where properties hold substantial value. For renters, the median rent is $2,454 per month, which aligns with the area’s high cost of living. These figures suggest that both buying and renting in ZIP 11050 require considerable financial resources, but they also point to strong investment potential due to the area’s economic stability.

Race & Ethnicity

The demographic composition of ZIP 11050 offers insight into the cultural fabric of the community. The population is predominantly White at 67.12%, with significant representation from Hispanic or Latino residents at 18.45%. Asian individuals make up 9.65% of the population, while Black or African American residents account for 1.78%. This diversity shapes the social environment, influencing everything from local businesses to community events and educational needs. For businesses and investors, understanding this mix can help tailor offerings or marketing strategies to resonate with the area’s residents.

Key Facts

• Total population in ZIP 11050: 32,657 residents in 2023.
• Total households: 11,656, reflecting a strong residential base.
• Total housing units: 12,329, indicating some availability for new occupants.
• Median household income: $153,819, showcasing high earning potential.
• Median home value: $990,800, a marker of a premium real estate market.
• Median rent: $2,454 per month, consistent with the area’s cost of living.
• Racial composition: 67.12% White, 18.45% Hispanic, 9.65% Asian, 1.78% Black.

What This Means for You

For homebuyers, ZIP 11050 offers a high-quality living environment with a diverse community and strong property values. However, the median home price of nearly $1 million means you’ll need substantial financial planning to enter this market. The slight surplus of housing units over households could provide some negotiation leverage, but competition may still be fierce given the area’s desirability.

For real estate investors and agents, the high median home value and income levels signal a stable market with potential for long-term appreciation. The rental market, with a median rent of $2,454, also suggests opportunities for income properties, though high entry costs require careful financial analysis.

For small-business owners, the affluent population with a median income of over $153,000 presents a lucrative customer base for premium or niche offerings. The diverse demographic mix also means you can cater to varied cultural preferences, enhancing your market reach. However, high rents for commercial spaces may pose a challenge to startups or smaller operations.

For analysts, these metrics provide a foundation for deeper studies into economic trends, housing demand, and community needs in ZIP 11050. The data highlights an area of economic strength but also underscores affordability challenges that could shape future policy or development.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 11050? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your specific interests.
• Use the insights to inform your decisions, whether you’re buying a home, investing in property, or planning a business venture in a new area.