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, understanding the area’s demographic and housing landscape is essential. This snapshot, based on 2023 data, provides a clear picture of the population, income levels, housing costs, and cultural diversity in this dynamic neighborhood. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about living, working, or investing in ZIP 11355.

Population & Households

ZIP 11355 is home to a substantial population of 79,802 residents, making it a bustling and densely populated area. These individuals are distributed across 30,651 households, reflecting a community with a strong residential presence. The total number of housing units stands at 32,049, indicating a slight surplus of available homes compared to occupied households. This could suggest opportunities for potential buyers or renters looking to settle in the area, as well as for investors eyeing vacant properties.

Income & Housing Costs

The median household income in ZIP 11355 is $53,700, which offers a glimpse into the economic profile of the area. While this figure is moderate compared to some neighboring regions in Queens, it reflects a community with diverse income levels and potential for growth. Housing costs, however, are notably high, with a median house value of $711,500. This suggests that owning a home in ZIP 11355 requires significant financial commitment, aligning with broader trends in the New York City metro area. For renters, the median rent is $1,664 per month, which is substantial but may be more accessible for those not ready to buy. These figures are critical for assessing affordability and investment potential in the area.

Race & Ethnicity

One of the standout characteristics of ZIP 11355 is its remarkable cultural diversity. The racial and ethnic composition of the area is predominantly Asian, with 74.54% of residents identifying as such, making it a vibrant hub for Asian culture and communities. Hispanic residents account for 14.32% of the population, while White residents make up 6.68%, and Black residents constitute 2.33%. This diversity shapes the neighborhood’s identity, influencing everything from local businesses and cuisine to community events and social dynamics. For businesses and investors, this multicultural environment presents unique opportunities to cater to a wide range of cultural preferences and needs.

Key Facts

• Total population: 79,802 residents, indicating a densely populated urban area.
• Total households: 30,651, reflecting a strong residential base.
• Total housing units: 32,049, with a small surplus of available properties.
• Median household income: $53,700, suggesting a moderate economic profile.
• Median house value: $711,500, highlighting a high barrier to homeownership.
• Median rent: $1,664, a significant but potentially manageable cost for renters.
• Racial composition: 74.54% Asian, 14.32% Hispanic, 6.68% White, 2.33% Black, showcasing rich diversity.

What This Means for You

For homebuyers, ZIP 11355 offers a culturally rich environment but comes with a steep price tag for homeownership at a median value of $711,500. If buying isn’t feasible, renting at a median of $1,664 could be a practical entry point into this vibrant community. Real estate investors and agents should note the slight surplus of housing units (32,049 vs. 30,651 households), which may indicate opportunities for flipping properties or catering to rental demand in a high-value market. Small-business owners can leverage the area’s diversity, particularly the large Asian population (74.54%), to offer targeted products or services—think specialty grocery stores, cultural dining, or language-specific services. Analysts will find the demographic mix and economic data useful for market studies or urban planning initiatives, as ZIP 11355 exemplifies the complexities of urban diversity and housing dynamics.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 11355? 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 specific interests.
• Use the insights to make data-driven decisions for your next home purchase, investment, or business venture with confidence.