ZIP 11208 - 860Z200US11208 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 11208 for a home purchase, investment opportunity, or business venture, understanding the demographic and housing landscape is essential. Located in the Brooklyn area of New York, this ZIP code offers a diverse community with unique characteristics that can influence real estate decisions and market potential. Using the latest 2023 data, this snapshot provides a clear, data-driven look at population, income, housing costs, and racial composition to help you make informed choices.

Population & Households

ZIP 11208 is home to a substantial population of 106,901 residents, making it a densely populated urban area with significant activity and demand for housing and services. This population is distributed across 34,486 households, reflecting a community with a mix of family sizes and living arrangements. With 37,261 total housing units available, there’s a slight surplus of units over households, which could indicate some vacancy or opportunities for renters and buyers looking to enter the market.

Income & Housing Costs

The median household income in ZIP 11208 stands at $59,988, which provides a benchmark for understanding the economic capacity of residents. This income level suggests a working-class to middle-income community, where affordability plays a key role in housing decisions. On the housing front, the median house value is $638,200, reflecting the high property values often seen in Brooklyn neighborhoods. For renters, the median rent is $1,563 per month, which aligns with the area’s urban setting but may pose challenges for those with tighter budgets. These figures highlight the need for careful financial planning when considering a move or investment in this ZIP code.

Race & Ethnicity

The racial and ethnic composition of ZIP 11208 showcases a vibrant, diverse community. Black residents make up the largest group at 42.25% of the population, followed closely by Hispanic residents at 39.29%. Asian individuals account for 10.48%, while White residents represent just 2.54%. This diversity shapes the cultural fabric of the area, influencing local businesses, community services, and social dynamics. For investors and business owners, this mix offers opportunities to cater to varied consumer needs and preferences.

Key Facts

• Total population: 106,901 residents, indicating a large, active community.
• Total households: 34,486, reflecting diverse living arrangements.
• Total housing units: 37,261, suggesting potential availability for new occupants.
• Median household income: $59,988, a marker of economic capacity.
• Median house value: $638,200, indicative of a competitive real estate market.
• Median rent: $1,563, relevant for renters assessing affordability.
• Racial diversity: Predominantly Black (42.25%) and Hispanic (39.29%) population.

What This Means for You

For homebuyers, ZIP 11208 presents a competitive market with a median house value of $638,200. This price point requires substantial investment, but the area’s diversity and population density suggest a lively, connected community worth considering if you value cultural richness. Ensure your budget aligns with local income levels and housing costs before committing.

For investors and real estate agents, the slight surplus of housing units (37,261 units vs. 34,486 households) could signal opportunities for rental properties or flips, especially given the high median rent of $1,563. However, the high property values mean you’ll need a strong financial strategy to achieve favorable returns in this market.

For small-business owners, the diverse demographic makeup and large population of over 106,000 offer a broad customer base. Tailoring products or services to the needs of Black and Hispanic communities, who form the majority, could be a smart approach. Additionally, the median income of $59,988 suggests focusing on value-driven offerings to match local purchasing power.

For analysts, the data points to a stable, urban ZIP code with high density and diversity. These factors can inform broader market studies or targeted research into housing trends and economic conditions in Brooklyn’s evolving landscape.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 11208? 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 next home purchase, investment, or business strategy.