ZIP 11103 - 860Z200US11103 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 11103 for your next home, investment, or business venture, understanding the area’s demographics and housing landscape is essential. Located in a dynamic part of Queens, New York, this ZIP code offers a blend of urban energy and diverse community vibes. With data from 2023, we’ve compiled a detailed snapshot of population, income, housing, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into what makes ZIP 11103 unique and how its metrics can guide your next move.

Population & Households

ZIP 11103 is home to a population of 35,357 residents, making it a moderately sized community within the bustling context of New York City. These individuals are distributed across 16,211 households, reflecting a mix of family units, singles, and shared living arrangements. The total number of housing units in the area stands at 18,833, indicating a slight surplus of available properties relative to occupied households. This gap could suggest opportunities for buyers or investors looking to enter the market, as well as potential rental demand for landlords.

Income & Housing Costs

Financially, ZIP 11103 presents a solid economic profile with a median household income of $92,787. This figure suggests a community with significant earning power, likely appealing to businesses targeting middle- to upper-middle-income consumers. On the housing front, the median home value is a striking $1,003,500, reflecting the high demand and premium real estate market typical of Queens’ urban zones. For renters, the median monthly rent is $2,120, which aligns with the area’s elevated property values. These costs indicate that while ZIP 11103 offers economic opportunity, it also comes with a steep entry price for housing—something buyers and investors should weigh carefully.

Race & Ethnicity

The cultural fabric of ZIP 11103 is notably diverse, creating a vibrant community atmosphere. The racial composition breaks down as follows: 53.53% White, 26.2% Hispanic, 12.56% Asian, and 2.6% Black. This mix highlights a multicultural environment that can be a draw for families seeking inclusive neighborhoods, businesses aiming to serve varied customer bases, and investors looking for areas with broad appeal. The significant Hispanic and Asian populations, in particular, point to potential niches for culturally tailored services or products.

Key Facts

• Total population: 35,357 residents, offering a sizable local market or community base.
• Total households: 16,211, indicating a strong residential presence.
• Total housing units: 18,833, with some vacancy potential for buyers or renters.
• Median household income: $92,787, reflecting solid economic stability.
• Median home value: $1,003,500, signaling a premium real estate market.
• Median rent: $2,120 per month, consistent with high housing costs.
• Racial diversity: Predominantly White (53.53%), with significant Hispanic (26.2%) and Asian (12.56%) populations.

What This Means for You

For homebuyers, ZIP 11103 offers a diverse and vibrant community, but the high median home value of over $1 million means you’ll need substantial financial readiness or a focus on long-term value appreciation. The slight surplus of housing units could provide some negotiation leverage if timed right. Real estate investors and agents should note the rental market’s strength, with median rents at $2,120, suggesting steady demand for leasing properties—especially in a culturally rich area that attracts varied tenants. The income levels also support potential for higher-end property flips or developments, though upfront costs are significant.

For small-business owners, the population size and diversity of ZIP 11103 are assets. With over 35,000 residents and a median income nearing $93,000, there’s a robust customer base with disposable income. Tailoring offerings to the Hispanic and Asian communities could carve out a loyal niche, whether you’re in retail, food, or services. Analysts can use these metrics to benchmark ZIP 11103 against neighboring areas, identifying trends in housing affordability or demographic shifts that influence market dynamics.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 11103? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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• Use the insights to inform your homebuying, investment, or business decisions with confidence and precision.