ZIP Code 11229 — Demographics & Housing Data 2023

Overview

If you’re considering a move, investment, or business opportunity in ZIP 11229, located in Brooklyn, New York, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of nearly 80,000 and a diverse community, this ZIP code presents unique opportunities and challenges for homebuyers, real estate investors, small-business owners, and analysts. Drawing from the latest data, this article breaks down key metrics to help you make informed decisions about living, working, or investing here.

Population & Households

ZIP 11229 is home to 79,802 residents, making it a densely populated urban area with a vibrant community. These individuals are spread across 30,924 households, reflecting a mix of family structures and living arrangements. The total number of housing units stands at 33,353, indicating a slight surplus of available homes compared to occupied households. This could suggest opportunities for buyers or renters, though competition in a Brooklyn ZIP code like 11229 often remains high due to its desirable location.

Income & Housing Costs

The median household income in ZIP 11229 is $72,556, which provides a solid economic foundation for many residents. This income level supports a range of lifestyles and spending capacities, making the area attractive for small businesses targeting middle-income consumers. On the housing front, the median home value is $812,200—a significant investment that reflects Brooklyn’s high demand and limited supply. For renters, the median rent is $1,666 per month, which aligns with the area’s urban setting but may pose affordability challenges for some. These figures highlight the importance of financial planning for anyone looking to settle or invest here.

Race & Ethnicity

ZIP 11229 boasts a diverse population, with a racial and ethnic composition that enriches the community’s cultural fabric. White residents make up 58.54% of the population, followed by Asian residents at 22.21%. Hispanic individuals account for 9.1%, while Black residents represent 6.1%. This diversity creates a dynamic environment for businesses and fosters a multicultural atmosphere that appeals to families and individuals seeking an inclusive place to live. Understanding this mix can help investors and business owners tailor their strategies to meet the needs of varied demographics.

Key Facts

• Total population: 79,802 residents, indicating a sizable and active community.
• Total households: 30,924, reflecting a mix of family and individual living arrangements.
• Total housing units: 33,353, suggesting some availability for new occupants.
• Median household income: $72,556, supporting a middle-income demographic.
• Median home value: $812,200, highlighting the high cost of ownership in this area.
• Median rent: $1,666, indicative of urban rental market trends.
• Diverse population: 58.54% White, 22.21% Asian, 9.1% Hispanic, 6.1% Black.

What This Means for You

For homebuyers, ZIP 11229 offers a vibrant, diverse community but comes with a steep price tag. With median home values over $800,000, securing financing and budgeting for long-term costs are critical steps. The slight surplus of housing units may provide some negotiation leverage, though competition remains fierce in Brooklyn. Investors and real estate agents will find potential in the area’s high property values and steady rental demand, with median rents at $1,666 offering solid returns if managed wisely. Focus on properties that cater to the area’s diverse demographic for maximum appeal. Small-business owners can capitalize on the middle-income population and cultural diversity by offering products or services tailored to varied tastes—think ethnic foods, multilingual services, or community-focused events. Finally, analysts can use these metrics to benchmark ZIP 11229 against other Brooklyn areas, identifying trends in housing affordability or population shifts to inform broader strategies.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 11229? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access up-to-date population, income, and housing insights tailored to your needs.
• Use the detailed reports to make informed decisions for your next home, investment, or business venture.