ZIP Code 11216 — Demographics & Housing Data 2023

Overview

If you’re considering ZIP code 11216 for your next home, investment, or business venture, you’re in the right place. Located in the heart of Brooklyn, New York, this area offers a vibrant community with unique opportunities and challenges. This demographic and housing snapshot for 2023 provides a clear, data-driven look at the population, income levels, housing market, and cultural diversity of 11216. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions tailored to your goals.

Population & Households

ZIP code 11216 is home to a substantial population of 59,913 residents as of 2023. This figure reflects a dynamic, densely populated urban area with a strong community presence. The area comprises 26,664 households, indicating a mix of family units, singles, and shared living arrangements typical of Brooklyn’s diverse neighborhoods. Additionally, there are 28,825 total housing units, suggesting a slight surplus of available properties relative to occupied households. This could point to potential rental or purchase opportunities for those looking to enter the market.

Income & Housing Costs

Financial metrics in ZIP 11216 paint a picture of a relatively affluent yet competitive market. The median household income stands at $95,000, which is robust for an urban setting and suggests a community with significant earning potential. However, housing costs reflect the premium nature of Brooklyn real estate. The median house value is an impressive $1,398,400, indicating that homeownership in 11216 is a substantial investment, often out of reach for first-time buyers without significant capital. For renters, the median rent is $2,180 per month, aligning with the high cost of living in this sought-after area. These figures underscore the need for careful financial planning when considering a move or investment here.

Race & Ethnicity

The cultural fabric of ZIP 11216 is richly diverse, offering a blend of backgrounds that contribute to the area’s unique character. Black residents make up the largest demographic group at 45.68% of the population, followed by White residents at 29.46%. Hispanic or Latino individuals account for 12.25%, while Asian residents comprise 4.92%. This diversity fosters a vibrant community atmosphere, with a range of cultural events, businesses, and social networks that appeal to residents and visitors alike. For businesses and investors, this mix presents opportunities to cater to varied consumer needs and preferences.

Key Facts

• Total population in ZIP 11216: 59,913 residents.
• Total households: 26,664, reflecting a mix of living arrangements.
• Total housing units: 28,825, suggesting some availability for new occupants.
• Median household income: $95,000, indicating strong earning potential.
• Median house value: $1,398,400, a significant investment in Brooklyn’s market.
• Median rent: $2,180 per month, consistent with high urban costs.
• Racial composition: 45.68% Black, 29.46% White, 12.25% Hispanic, 4.92% Asian.

What This Means for You

For homebuyers, ZIP 11216 offers a vibrant, diverse community but comes with a steep price tag. With median home values over $1.3 million, you’ll need substantial savings or financing to enter this market. However, the area’s cultural richness and strong median income suggest long-term value for those who can afford it. Real estate investors and agents should note the slight surplus of housing units (28,825 vs. 26,664 households), which could indicate opportunities for rentals or flips, especially given the high median rent of $2,180. Be prepared for competitive pricing and a discerning tenant base. Small-business owners can leverage the diverse population of nearly 60,000 to target niche markets, from cultural goods to tailored services, while the solid median income of $95,000 suggests disposable income for local spending. Analysts will find the demographic breakdown and housing metrics useful for trend analysis and forecasting in Brooklyn’s evolving landscape. Across all groups, understanding the high cost of entry and cultural diversity will be key to success in 11216.

Run This Study Yourself

• Curious about diving deeper into ZIP 11216 or another area? Start by visiting ZipcodeGPT to access powerful demographic and housing analysis tools.
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• Use the insights to make informed decisions, whether you’re scouting a new home, planning an investment, or identifying market opportunities.