ZIP 11355 - 860Z200US11355 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 11355, located in the heart of Queens, 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 11355.

Population & Households

ZIP 11355 is home to a robust population of 79,802 residents as of 2023. This sizable community is distributed across 30,651 households, indicating a dense and active area. The total number of housing units stands at 32,049, suggesting a slight surplus of available homes relative to occupied households. For those looking to buy or rent, this could mean a competitive yet potentially accessible market, depending on specific neighborhood dynamics within 11355.

Income & Housing Costs

The median household income in ZIP 11355 is $53,700, reflecting a moderate earning level for the area. This figure is crucial for understanding the purchasing power of residents and the affordability of housing. Speaking of housing, the median home value here is a substantial $711,500, pointing to a high-cost real estate market that may appeal to investors seeking long-term appreciation. For renters, the median rent is $1,664 per month, which aligns with the area’s elevated property values and suggests that renting could be a more accessible entry point for some. These numbers highlight the financial commitment required to live in 11355, whether you’re buying or leasing.

Race & Ethnicity

One of the standout features of ZIP 11355 is its remarkable diversity. The racial and ethnic composition of the area shows that 74.54% of residents identify as Asian, making it the predominant demographic group. Hispanic or Latino residents account for 14.32% of the population, while White residents make up 6.68%, and Black residents comprise 2.33%. This cultural richness shapes the community’s identity, influencing everything from local businesses to social services. For business owners and investors, this diversity can translate into a vibrant market with varied consumer needs and preferences.

Key Facts

• Total population in ZIP 11355: 79,802 residents.
• Total households: 30,651, with 32,049 total housing units available.
• Median household income: $53,700, indicating moderate earning capacity.
• Median home value: $711,500, reflecting a high-cost housing market.
• Median rent: $1,664 per month, a significant but potentially manageable cost for renters.
• Predominant demographic: 74.54% Asian, contributing to a culturally rich community.
• Other demographics: 14.32% Hispanic, 6.68% White, and 2.33% Black.

What This Means for You

For homebuyers, ZIP 11355 offers a diverse and dynamic community, but the high median home value of $711,500 means you’ll need to budget carefully or explore financing options. Renting at a median of $1,664 might be a more feasible short-term option while you assess the market. Real estate investors and agents should note the potential for appreciation given the elevated property values, though the moderate median income of $53,700 suggests tenants or buyers may prioritize affordability—consider targeting rental properties or multi-family units. Small-business owners can leverage the area’s diversity, especially the large Asian demographic (74.54%), to tailor products or services to cultural preferences, from cuisine to retail. Analysts will find the population density (79,802 residents) and household data useful for market studies or urban planning insights. Across all groups, understanding the balance of income and housing costs in 11355 is key to making strategic moves.

Run This Study Yourself

• Curious about other ZIP codes or want deeper insights into 11355? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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