ZIP 11206 - 860Z200US11206 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 11206 for your next home, investment property, or business location, understanding the demographic and housing landscape is essential. Located in a dynamic part of Brooklyn, New York, this area offers a diverse community and a mix of housing opportunities. This snapshot, based on 2023 data, provides a clear picture of population trends, income levels, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into the numbers for 11206 and uncover what they mean for you.

Population & Households

ZIP code 11206 is home to a substantial population of 89,231 residents as of 2023. This sizable community is distributed across 33,696 households, reflecting a vibrant and active area with a strong residential presence. The total number of housing units stands at 34,838, indicating a slight surplus of available homes compared to occupied households. This could suggest opportunities for prospective buyers or renters looking to move into the area, as well as potential for investors eyeing vacant properties.

Income & Housing Costs

The median household income in ZIP 11206 is $57,280, which provides a benchmark for understanding the economic profile of the area. While this figure reflects a moderate income level, it’s important to weigh it against the cost of living, particularly housing expenses. The median house value in 11206 is a striking $822,100, pointing to a high-demand real estate market where property values are significant. For renters, the median rent is $1,558 per month, which may be a more accessible entry point for those not ready to buy. These figures highlight the need for careful financial planning when considering a move or investment in this ZIP code.

Race & Ethnicity

The demographic makeup of ZIP 11206 showcases a rich cultural tapestry. The population is composed of 36.54% White, 17.51% Black, 6.55% Asian, and 36.38% Hispanic residents. This near-even split between White and Hispanic populations, with significant representation from Black and Asian communities, underscores the area’s diversity. For businesses, this mix offers a broad customer base with varied needs and preferences, while homebuyers may appreciate the multicultural environment as a draw for community engagement and inclusivity.

Key Facts

• Total population in ZIP 11206: 89,231 residents.
• Total households: 33,696, supporting a robust community.
• Total housing units: 34,838, with some availability for new occupants.
• Median household income: $57,280, reflecting moderate earning levels.
• Median house value: $822,100, indicating a premium real estate market.
• Median rent: $1,558, offering a rental option in a high-value area.
• Racial diversity: White (36.54%), Hispanic (36.38%), Black (17.51%), Asian (6.55%).

What This Means for You

For homebuyers, ZIP 11206 presents a competitive housing market with a median home value of over $800,000. This suggests that entering the market may require substantial savings or financing, but the area’s diversity and population density could ensure long-term value appreciation. Renters, on the other hand, might find the median rent of $1,558 more manageable, especially for those seeking to live in a culturally rich part of Brooklyn without committing to a purchase.

Real estate investors and agents should note the slight gap between housing units and households, which could signal opportunities for flipping properties or securing rentals. The high median home value also points to potential for strong returns, though careful market analysis is advised given the income levels of residents.

Small-business owners can leverage the diverse population of nearly 90,000 to tailor products or services to a wide range of cultural backgrounds. The moderate median income suggests a focus on affordability, while the dense population ensures a steady flow of potential customers. Analysts studying urban trends will find 11206 a compelling case study for diversity and housing dynamics in a high-cost area.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 11206? 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 make data-driven decisions for your home purchase, investment strategy, or business plan with confidence.