ZIP 11205 - 860Z200US11205 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 11205, located in Brooklyn, New York, this demographic and housing snapshot offers a clear picture of the area in 2023. With a diverse population, robust household income, and high housing costs, 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 this dynamic community.

Population & Households

ZIP 11205 is home to a sizable population of 50,205 residents as of 2023. This figure reflects a vibrant, densely populated area with a mix of families, professionals, and individuals. The total number of households stands at 17,272, indicating a strong residential base. With 19,200 total housing units in the area, there’s a slight surplus of units over households, which could suggest some availability for new residents or investors looking to enter the market, though competition remains high given the location.

Income & Housing Costs

The median household income in ZIP 11205 is $86,753, a figure that points to a relatively affluent community compared to national averages. This income level supports a strong local economy, making it an attractive spot for businesses targeting middle- to upper-income consumers. However, housing costs are notably high, with a median house value of $892,800. This reflects the premium placed on real estate in this part of Brooklyn, where demand often outstrips supply. For renters, the median rent is $2,307 per month, underscoring the significant cost of living for those not ready to buy. These figures highlight the need for careful financial planning for prospective residents or investors.

Race & Ethnicity

The demographic makeup of ZIP 11205 showcases a diverse community, which adds to its cultural richness and appeal. The racial composition includes 51.86% White, 20.19% Black, 6.72% Asian, and 15.15% Hispanic residents. This diversity can be a draw for businesses and individuals seeking an inclusive environment, as well as for investors looking at areas with broad appeal. Understanding this mix can help tailor services, marketing, or community engagement strategies to resonate with the local population.

Key Facts

• Total population: 50,205 residents in 2023, indicating a sizable community.
• Total households: 17,272, reflecting a strong residential presence.
• Total housing units: 19,200, suggesting limited but potential availability.
• Median household income: $86,753, pointing to economic stability.
• Median house value: $892,800, highlighting a high-cost real estate market.
• Median rent: $2,307, indicating significant rental expenses.
• Diverse population: 51.86% White, 20.19% Black, 6.72% Asian, 15.15% Hispanic.

What This Means for You

For homebuyers, ZIP 11205 offers a vibrant, diverse community but comes with a steep price tag. With median home values nearing $900,000 and rents over $2,300, budgeting for the high cost of living is essential. However, the area’s strong median income suggests a stable economic environment, which could support long-term property value growth.

For investors and real estate agents, the slight gap between housing units and households (19,200 vs. 17,272) might indicate opportunities for rentals or flips, though the high median home value means you’ll need substantial capital to enter the market. The diverse demographic profile also suggests a broad tenant or buyer pool to target.

For small-business owners, the median household income of $86,753 signals a customer base with disposable income, ideal for retail, dining, or service-based ventures. The cultural diversity of the area offers a chance to cater to varied tastes and needs, enhancing business appeal if you adapt to local preferences.

For analysts, these metrics provide a foundation for deeper market studies, whether you’re assessing housing trends, economic potential, or community needs. The data underscores both the opportunities and barriers in this high-cost, high-demand area.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 11205? 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 needs.
• Use the insights to inform your next move, investment, or business strategy with confidence.