ZIP 11233 - 860Z200US11233 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 11233, located in the heart of 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 metrics, this ZIP code presents unique opportunities and challenges for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key data to help you make informed decisions about living, working, or investing here.

Population & Households

ZIP 11233 is home to 82,711 residents, making it a densely populated urban area with a vibrant community. These individuals are distributed across 32,784 households, reflecting a mix of family structures and living arrangements. The total number of housing units stands at 34,412, indicating a slight surplus of available properties relative to occupied households. This could suggest opportunities for prospective buyers or renters, though competition in a high-demand area like Brooklyn remains a factor to consider.

Income & Housing Costs

The median household income in ZIP 11233 is $62,034, which provides a benchmark for understanding the economic profile of the area. While this income level supports a moderate standard of living, it’s worth noting the significant housing costs that residents face. The median house value is an impressive $1,013,000, reflecting the premium placed on real estate in this part of Brooklyn. For renters, the median rent is $1,613 per month, which aligns with the high cost of living in the region. These figures highlight the financial commitment required to reside in this ZIP code, whether through homeownership or renting.

Race & Ethnicity

The demographic makeup of ZIP 11233 is notably diverse, with a strong representation of various racial and ethnic groups. The largest segment of the population identifies as Black, accounting for 65.2% of residents. Hispanic or Latino individuals make up 16.07%, while White residents comprise 12.24% of the population. Asian residents represent a smaller share at 1.5%. This diversity contributes to a rich cultural fabric, which can be a draw for those seeking a dynamic and inclusive community to call home or establish a business.

Key Facts

• Total population: 82,711 residents, indicating a bustling urban environment.
• Total households: 32,784, reflecting a mix of family and individual living arrangements.
• Total housing units: 34,412, suggesting some availability for new occupants.
• Median household income: $62,034, a moderate income level for an urban setting.
• Median house value: $1,013,000, highlighting the high cost of homeownership.
• Median rent: $1,613 per month, indicative of significant rental expenses.
• Racial composition: 65.2% Black, 16.07% Hispanic, 12.24% White, 1.5% Asian, showcasing diversity.

What This Means for You

For homebuyers, ZIP 11233 offers a vibrant, diverse community but comes with a steep price tag. With median home values over $1 million, you’ll need to budget carefully and consider long-term appreciation potential. The slight surplus of housing units (34,412 vs. 32,784 households) might provide some negotiation room, though competition remains fierce in Brooklyn.

For investors and real estate agents, the high median home value signals strong demand and potential for returns, especially in a culturally rich area. However, the median household income of $62,034 suggests that affordability could be a concern for some tenants or buyers, so targeting the right market segment is key.

For small-business owners, the large population of 82,711 and diverse demographic profile offer a broad customer base. The area’s cultural diversity could be leveraged for businesses catering to specific communities, while the moderate income levels suggest a focus on value-driven offerings.

For analysts, these metrics provide a foundation for deeper research into housing trends, economic disparities, and community needs in ZIP 11233. The data points to a high-cost, diverse urban area with potential for growth and investment.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 11233? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your needs.
• Use the insights to inform your decisions, whether you’re buying a home, investing, or planning a business venture.