ZIP Code 11223 — Demographics & Housing Data 2023

Overview

If you’re considering ZIP code 11223 for your next home, investment property, or business location, 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 snapshot, based on 2023 data, provides a clear picture of population trends, income levels, housing costs, and racial composition. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights can help you make informed decisions about opportunities in 11223.

Population & Households

ZIP code 11223 is home to a substantial population of 78,566 residents as of 2023. This sizable community is distributed across 26,433 households, reflecting a dense urban environment typical of Brooklyn. The total number of housing units in the area stands at 28,857, indicating a slight surplus of units compared to occupied households. This could suggest opportunities for renters or buyers, though availability depends on market dynamics. For investors and business owners, the large population base offers a robust potential customer pool or tenant market.

Income & Housing Costs

The median household income in ZIP 11223 is $63,950, which provides a solid economic foundation for many residents. However, housing costs in this area are notably high, aligning with broader trends in New York City. The median house value is $1,063,200, reflecting the premium placed on real estate in Brooklyn. For renters, the median rent is $1,653 per month, which may be a significant portion of household budgets given the income levels. These figures highlight the importance of financial planning for prospective buyers or renters, as well as the potential for strong returns for real estate investors willing to navigate this high-value market.

Race & Ethnicity

The demographic makeup of ZIP 11223 is diverse, offering a multicultural environment that can appeal to a wide range of residents and businesses. White residents make up the largest group at 50.99% of the population, followed by Asian residents at 26.06%. Hispanic or Latino individuals account for 13.26%, while Black residents comprise 5.42%. This diversity can be a draw for small-business owners looking to cater to varied cultural preferences or for families seeking a vibrant, inclusive community. Understanding these demographics can also help investors gauge demand for specific property types or amenities.

Key Facts

• Total population: 78,566 residents in 2023, indicating a sizable community.
• Total households: 26,433, reflecting dense urban living in ZIP 11223.
• Total housing units: 28,857, suggesting some availability of unoccupied units.
• Median household income: $63,950, a moderate income level for the area.
• Median house value: $1,063,200, indicative of a high-cost real estate market.
• Median rent: $1,653 per month, a significant expense for many households.
• Racial diversity: White (50.99%), Asian (26.06%), Hispanic (13.26%), Black (5.42%).

What This Means for You

For homebuyers, ZIP 11223 presents a high-cost housing market with a median home value over $1 million. Ensure your budget aligns with these prices, and consider the median rent of $1,653 if buying to rent out. The area’s diversity and large population suggest a lively community, ideal for families or those seeking cultural richness. For investors and agents, the surplus of housing units (28,857 vs. 26,433 households) may hint at opportunities, though high property values mean careful financial analysis is crucial. The strong population base supports rental demand, especially in a diverse urban setting. For small-business owners, the 78,566 residents offer a substantial customer base, and the multicultural demographic mix allows for targeted offerings—think ethnic foods, cultural services, or niche retail. For analysts, these metrics provide a baseline to track trends in Brooklyn’s housing and demographic shifts, particularly in high-value ZIPs like 11223.

Run This Study Yourself

• Curious about another ZIP code or want to dive deeper into 11223? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
• Enter any ZIP code to access up-to-date demographic, income, and housing data tailored to your needs.
• Use the insights to make informed decisions, whether you’re buying, investing, or planning a business venture.