ZIP Code 11373 — Demographics & Housing Data 2023

Overview

If you’re considering ZIP 11373 for your next home, investment, or business venture, understanding its demographic and housing landscape is crucial. Located in a vibrant part of Queens, New York, this area offers a unique blend of diversity, economic opportunity, and urban density. This snapshot, based on 2023 data, provides a clear picture of population trends, income levels, housing costs, and cultural composition. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about ZIP 11373.

Population & Households

ZIP 11373 is home to a substantial population of 99,433 residents, making it a densely populated urban hub. This area supports 32,373 households, reflecting a community with a strong residential base. With 34,797 total housing units, there’s a slight surplus of housing stock over occupied households, which could indicate some availability for new residents or investors looking to enter the market. The high population density suggests a bustling environment, ideal for businesses seeking foot traffic or families wanting access to urban amenities.

Income & Housing Costs

The median household income in ZIP 11373 stands at $71,470, positioning it as a middle-income area with reasonable earning potential for residents. However, housing costs are notably high, with a median house value of $683,200. This figure reflects the premium placed on real estate in this part of Queens, likely driven by proximity to New York City’s core. For renters, the median rent is $1,913 per month, which aligns with the area’s elevated property values. These numbers suggest that while incomes are solid, affordability could be a challenge for some prospective buyers or tenants.

Race & Ethnicity

ZIP 11373 stands out for its remarkable diversity, a key draw for those seeking a multicultural community. The racial and ethnic composition shows Asian residents making up 48.01% of the population, followed closely by Hispanic or Latino residents at 43.4%. White residents account for 4.88%, and Black residents comprise 1.52%. This rich cultural tapestry offers unique opportunities for businesses catering to diverse tastes and for families looking for an inclusive environment to call home.

Key Facts

• Total population: 99,433 residents, indicating a densely populated urban area.
• Total households: 32,373, supporting a strong residential community.
• Total housing units: 34,797, suggesting some availability for new occupants.
• Median household income: $71,470, reflecting a middle-income earning base.
• Median house value: $683,200, highlighting a high-cost real estate market.
• Median rent: $1,913, consistent with elevated housing costs in the region.
• Diversity: Predominantly Asian (48.01%) and Hispanic (43.4%) population.

What This Means for You

For homebuyers, ZIP 11373 offers a vibrant, diverse community but comes with a steep price tag. With median home values at $683,200, you’ll need to budget carefully or explore financing options to make ownership feasible. The slight surplus of housing units (34,797 vs. 32,373 households) might provide some negotiation room, though competition could still be fierce given the area’s appeal.

For investors and real estate agents, the high median home value and rent ($1,913) signal strong potential for returns, especially in a market with consistent demand. The population density and diversity also suggest a steady rental market, particularly for multifamily or smaller units catering to varied demographics.

For small-business owners, the large population of 99,433 and cultural diversity present a prime opportunity to tap into a broad customer base. Whether you’re opening a restaurant, retail shop, or service-based business, tailoring offerings to the Asian and Hispanic communities—nearly 91% of the population combined—could drive success.

For analysts, the data points to a stable, high-density urban area with economic and cultural factors that influence housing and business trends. The income-to-housing cost ratio may warrant further study for affordability concerns.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 11373? 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, and more, tailored to your needs.
• Use the insights to inform your next real estate purchase, investment strategy, or business plan with confidence.