ZIP 11220 - 860Z200US11220 — Demographic Snapshot (2023)

Overview

If you're considering ZIP code 11220 for your next home, investment, or business venture, you're looking at a vibrant and densely populated area with unique demographic and housing characteristics. Located in Brooklyn, New York, this ZIP code offers a snapshot of urban diversity and economic opportunity. Whether you're a homebuyer, real estate investor, small-business owner, or data analyst, understanding the population, income, and housing trends here can help you make informed decisions. Let's dive into the 2023 data to uncover what makes 11220 stand out.

Population & Households

ZIP 11220 is home to a substantial population of 90,792 residents, making it a bustling community with significant activity and potential. These individuals are distributed across 28,336 households, reflecting a dense urban environment where space is at a premium. With 30,897 total housing units in the area, there’s a slight surplus over the number of households, suggesting some availability for new residents or investors looking to enter the market. This balance between population and housing units indicates a competitive yet accessible area for those seeking to settle or invest.

Income & Housing Costs

The median household income in ZIP 11220 stands at $64,201, which provides a solid economic foundation for many families and individuals in the area. However, housing costs are notably high, aligning with broader trends in Brooklyn. The median house value is an impressive $1,021,200, reflecting the premium placed on real estate in this urban hub. For renters, the median rent is $1,688 per month, which, while significant, remains more accessible than purchasing a home in this market. These figures highlight the financial commitment required to live or invest in 11220, but they also underscore the potential for long-term value in a high-demand area.

Race & Ethnicity

One of the defining features of ZIP 11220 is its rich cultural diversity. The population is composed of 16.23% White, 1.9% Black, 39.93% Asian, and 39.92% Hispanic residents, showcasing a near-equal balance between Asian and Hispanic communities as the largest demographic groups. This diversity creates a dynamic cultural landscape, influencing everything from local businesses to community events. For homebuyers and business owners, this mix offers a chance to engage with a wide range of cultural perspectives and customer bases, while investors can tap into a market shaped by varied needs and preferences.

Key Facts

• Total population: 90,792 residents, indicating a large and active community.
• Total households: 28,336, reflecting dense urban living.
• Total housing units: 30,897, suggesting some availability for new occupants.
• Median household income: $64,201, supporting a moderate economic base.
• Median house value: $1,021,200, highlighting a high-cost real estate market.
• Median rent: $1,688, offering a more affordable option compared to buying.
• Diverse demographics: Nearly 40% Asian and 40% Hispanic, with smaller White and Black populations.

What This Means for You

For homebuyers, ZIP 11220 presents a high-barrier-to-entry market with median home values exceeding $1 million. However, the cultural richness and urban density make it a compelling choice for those who value diversity and access to amenities. Renters may find more feasible options with a median rent of $1,688, though budgeting for this cost alongside other expenses is key. Real estate investors and agents should note the slight surplus of housing units over households, which could signal opportunities for rentals or flips, especially in a market with such high property values. Small-business owners can leverage the diverse population to offer culturally relevant products or services, tapping into the large Asian and Hispanic communities for customer growth. Analysts will appreciate the clear economic and demographic trends that point to a stable, if competitive, urban environment.

Run This Study Yourself

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