ZIP 11373 - 860Z200US11373 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 11373 for a home purchase, investment opportunity, or business venture, understanding the local demographics and housing landscape is essential. Located in a vibrant part of Queens, New York, this area offers a unique blend of diversity and economic activity. This snapshot, based on 2023 data, provides a clear picture of population, income, housing costs, and racial composition to help homebuyers, investors, agents, small-business owners, and analysts make informed decisions.

Population & Households

ZIP 11373 is home to a substantial population of 99,433 residents, making it a densely populated urban area with significant community engagement potential. These residents are distributed across 32,373 households, reflecting a mix of family units, singles, and shared living arrangements. With 34,797 total housing units in the area, there’s a slight gap between available homes and occupied households, which could indicate opportunities for investors or developers looking to address housing demand.

Income & Housing Costs

The median household income in ZIP 11373 stands at $71,470, positioning it as a middle-income area with reasonable purchasing power for residents. However, housing costs are notably high, with a median house value of $683,200. This suggests that homeownership may be a significant investment, appealing to buyers with strong financial backing or those seeking long-term value appreciation. For renters, the median rent is $1,913 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 entering this market.

Race & Ethnicity

One of the standout features of ZIP 11373 is its remarkable diversity. The population is predominantly Asian, accounting for 48.01% of residents, followed closely by Hispanic or Latino individuals at 43.4%. White residents make up just 4.88% of the population, while Black or African American residents represent 1.52%. This rich cultural tapestry creates a dynamic community, offering unique opportunities for businesses catering to diverse needs and for residents seeking a multicultural environment.

Key Facts

• Total population: 99,433 residents, indicating a bustling urban hub.
• Total households: 32,373, reflecting a mix of living arrangements.
• Total housing units: 34,797, suggesting potential for addressing unmet demand.
• Median household income: $71,470, supporting a middle-income lifestyle.
• Median house value: $683,200, a significant investment in a competitive market.
• Median rent: $1,913, consistent with urban rental trends.
• Racial diversity: 48.01% Asian, 43.4% Hispanic, showcasing a multicultural community.

What This Means for You

For homebuyers, ZIP 11373 offers a chance to invest in a high-value market with a median home price of $683,200. While the cost is steep, the area’s diversity and urban amenities could make it a rewarding long-term choice if you’re prepared for the financial commitment. Investors and real estate agents should note the slight surplus of housing units over households, which may point to opportunities for rental properties or development, especially given the high median rent of $1,913. The strong population base also supports potential appreciation over time.

For small-business owners, the diverse demographic makeup—particularly the large Asian and Hispanic communities—presents a chance to tailor products or services to specific cultural preferences, from food to retail. The median income of $71,470 suggests a customer base with moderate spending power, though high living costs may influence discretionary spending. Analysts can use this data to benchmark ZIP 11373 against neighboring areas, focusing on housing affordability and demographic trends to predict future growth or challenges.

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.
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