ZIP 11102 - 860Z200US11102 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP 11102 for your next home, investment, or business venture, this demographic and housing snapshot offers a clear picture of the area. Located in a dynamic part of New York, ZIP 11102 (covering parts of Astoria and Long Island City) is home to a diverse population and a robust housing market. Using the latest 2023 data, we’ll break down key metrics on population, income, housing costs, and racial 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.

Population & Households

ZIP 11102 is home to a population of 28,349 residents, making it a moderately sized community with a vibrant local feel. These individuals are distributed across 13,176 households, reflecting a mix of family units, singles, and shared living arrangements. With 19,431 total housing units in the area, there’s a notable difference between occupied and available units, which could signal opportunities for investors or buyers looking for vacancies. This balance of population and household density suggests a community that’s active yet not overly crowded, offering a blend of urban energy and residential space.

Income & Housing Costs

One of the standout metrics for ZIP 11102 is its median household income, which stands at $102,996 annually. This figure indicates a relatively affluent community, with earning power that supports a higher cost of living. On the housing front, the median home value is $779,800, reflecting a premium market where properties hold significant value—ideal for long-term investment or equity building. For renters, the median rent is $2,248 per month, which aligns with the area’s income levels but may require careful budgeting for some. These numbers highlight ZIP 11102 as a financially stable area with strong housing demand.

Race & Ethnicity

The demographic makeup of ZIP 11102 showcases a diverse and multicultural community, which adds to its cultural richness and appeal. The racial composition breaks down as follows: 46.67% White, 5.9% Black, 15.09% Asian, and 26.28% Hispanic. This diversity suggests a welcoming environment for residents and businesses alike, with opportunities to engage with varied cultural perspectives. For small-business owners, this mix can translate into a broad customer base, while homebuyers may appreciate the inclusive community vibe.

Key Facts

• Total population: 28,349 residents, offering a lively yet manageable community size.
• Total households: 13,176, indicating a mix of family and individual living arrangements.
• Total housing units: 19,431, with potential availability for new occupants or investors.
• Median household income: $102,996, reflecting strong earning potential.
• Median home value: $779,800, a premium market for property investment.
• Median rent: $2,248, consistent with the area’s income and cost of living.
• Racial diversity: 46.67% White, 26.28% Hispanic, 15.09% Asian, 5.9% Black, fostering a multicultural environment.

What This Means for You

For homebuyers, ZIP 11102 offers a high-value housing market with a median home price of $779,800, suggesting strong potential for equity growth over time. The diverse community and solid median income of $102,996 also point to a stable, desirable neighborhood. If you’re renting, be prepared for a median rent of $2,248, which may require a higher budget but aligns with the area’s earning power.

For investors and real estate agents, the gap between total housing units (19,431) and occupied households (13,176) could indicate opportunities for rentals or flips. The high median home value and income levels suggest a market where properties retain value, making it a smart bet for long-term investments.

For small-business owners, the diverse population of 28,349 and multicultural makeup provide a wide customer base to tap into. The strong median income also means residents likely have disposable income for local goods and services, supporting business growth.

For analysts, these metrics offer a foundation for deeper studies into housing trends, economic stability, or demographic shifts in ZIP 11102, helping to inform broader market or policy decisions.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 11102? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access detailed reports on population, housing, income, and more, tailored to your needs.
• Use the insights to make data-driven decisions for your home purchase, investment, or business strategy.