ZIP 11214 - 860Z200US11214 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 11214 for a home purchase, investment opportunity, or business venture, understanding the area’s demographic and housing landscape is essential. Located in Brooklyn, New York, this ZIP code offers a diverse community and a dynamic housing market. This 2023 snapshot provides a clear, data-driven look at population trends, income levels, 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 in 11214.

Population & Households

ZIP code 11214 is home to a substantial population of 88,994 residents as of 2023. This sizable community is distributed across 31,006 households, reflecting a dense urban environment typical of Brooklyn. The total number of housing units in the area stands at 33,341, indicating a slight surplus of units over households. This gap could suggest opportunities for investors or developers looking at rental properties or future growth potential. For homebuyers, it’s a sign of a competitive market where availability might be tight despite the high number of units.

Income & Housing Costs

The median household income in ZIP 11214 is $64,286, which provides a moderate earning base for residents. However, housing costs in this area are notably high, aligning with broader trends in New York City. The median house value is a striking $1,007,400, positioning 11214 as a premium market for real estate. For renters, the median rent is $1,710 per month, which, while significant, is more accessible than purchasing in this high-value area. These figures highlight the financial commitment required to live in or invest in 11214, making it crucial for buyers and investors to weigh affordability against potential returns.

Race & Ethnicity

ZIP 11214 boasts a richly diverse population, reflecting Brooklyn’s cultural mosaic. The racial composition in 2023 shows White residents making up 39.56% of the population, closely followed by Asian residents at 37.64%. Hispanic or Latino individuals account for 16.69%, while Black residents represent 1.82%. This diversity creates a vibrant community, offering unique cultural experiences and business opportunities. For small-business owners, this mix can inform targeted marketing or product offerings, while homebuyers may appreciate the multicultural environment as a draw for family living.

Key Facts

• Total population in ZIP 11214: 88,994 residents in 2023.
• Total households: 31,006, indicating a dense living environment.
• Total housing units: 33,341, suggesting limited vacancy rates.
• Median household income: $64,286, reflecting moderate earning power.
• Median house value: $1,007,400, a premium price point for buyers.
• Median rent: $1,710, a significant but more accessible cost for non-owners.
• Diverse demographics: White (39.56%), Asian (37.64%), Hispanic (16.69%), Black (1.82%).

What This Means for You

For homebuyers, ZIP 11214 presents a high-cost market with a median house value over $1 million, so careful financial planning is essential. The moderate median income of $64,286 suggests that many residents may prioritize renting over buying, which could mean steady demand for rental properties. Investors and real estate agents should note the slight surplus of housing units (33,341) over households (31,006), which might indicate opportunities for rentals or future development, though competition remains fierce in this urban hub. Small-business owners can leverage the area’s diversity—nearly balanced between White and Asian populations with a significant Hispanic presence—to tailor services or products to varied cultural needs. Analysts will find the demographic and economic data useful for forecasting trends in housing demand or community growth in 11214. Across all groups, the high housing costs underscore the need for strategic budgeting and market timing.

Run This Study Yourself

Want to dive deeper into ZIP 11214 or explore another area’s demographics and housing stats? Follow these simple steps to get personalized insights:

• Visit ZipcodeGPT to access a powerful tool for ZIP code analysis.
• Enter the ZIP code of interest to pull up the latest demographic and housing data.
• Analyze the results to uncover trends and opportunities tailored to your needs as a buyer, investor, or business owner.