ZIP 11220 - 860Z200US11220 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 11220, located in Brooklyn, New York, this demographic and housing snapshot offers a clear picture of the area in 2023. With a sizable population, diverse community, and notable housing costs, this ZIP code presents unique opportunities and challenges for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you make informed decisions about living or working in 11220.

Population & Households

ZIP 11220 is home to a robust population of 90,792 residents as of 2023, making it a densely populated urban area. This figure reflects a vibrant community with significant demand for housing and services. The area comprises 28,336 households, indicating a mix of family and individual living arrangements. With 30,897 total housing units, there’s a slight surplus of units over households, which could suggest some availability for new residents or investors, though competition remains high given the urban setting.

Income & Housing Costs

The median household income in ZIP 11220 stands at $64,201, which provides a moderate earning base for residents. However, housing costs are notably steep, aligning with Brooklyn’s reputation for high real estate values. The median house value is $1,021,200, reflecting a premium market that may appeal to investors seeking long-term appreciation or buyers with substantial budgets. For renters, the median rent is $1,688 per month, which is significant but more accessible than purchasing in this area. These figures highlight the financial commitment required to live in 11220 and the potential barriers for lower-income households.

Race & Ethnicity

ZIP 11220 boasts a richly diverse population, with a near-even split between two major ethnic groups. Asian residents make up 39.93% of the population, while Hispanic or Latino residents account for 39.92%, showcasing a strong cultural presence from both communities. White residents constitute 16.23%, and Black residents represent 1.9%. This diversity shapes the area’s cultural fabric, influencing local businesses, cuisine, and community events. For business owners and investors, this mix offers opportunities to cater to varied consumer needs and preferences.

Key Facts

• Total population: 90,792 residents, indicating a large, active community.
• Total households: 28,336, reflecting a mix of family and solo living.
• Total housing units: 30,897, suggesting limited but present availability.
• Median household income: $64,201, a moderate earning level for an urban area.
• Median house value: $1,021,200, positioning 11220 as a high-value market.
• Median rent: $1,688, a significant but more attainable cost for non-buyers.
• Diversity: Near-equal Asian (39.93%) and Hispanic (39.92%) populations.

What This Means for You

For homebuyers, ZIP 11220 offers a vibrant, diverse community but comes with a high entry cost. With median home values exceeding $1 million, you’ll need a strong financial plan or consider renting at $1,688 monthly as a more immediate option. The slight surplus of housing units may provide some negotiation room, but expect competition in this urban market.

For investors and real estate agents, the high median home value signals strong potential for appreciation, especially in a culturally rich area like 11220. The population density and diversity also suggest steady rental demand, making it a viable spot for income properties despite the high upfront costs.

For small-business owners, the large population of over 90,000 and diverse demographic makeup present a broad customer base. Tailoring offerings to Asian and Hispanic communities could be particularly effective, whether through culturally relevant products, services, or marketing. However, high rents may impact operating costs, so plan accordingly.

For analysts, these metrics highlight ZIP 11220 as a dynamic urban hub with economic and cultural diversity. The income-to-housing cost disparity may point to affordability challenges, while the population size and composition offer rich data for market studies or policy recommendations.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 11220? Visit ZipcodeGPT to access powerful demographic and housing analysis tools tailored to your needs.
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