ZIP 11418 - 860Z200US11418 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 11418 for your next home, investment property, or business location, understanding the area’s demographic and housing landscape is essential. Located in Queens, New York, this ZIP code offers a diverse community and a dynamic housing market. This snapshot, based on 2023 data, provides a clear picture of population trends, income levels, housing costs, and ethnic composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into the numbers and uncover what makes ZIP 11418 unique.

Population & Households

ZIP 11418 is home to a vibrant population of 36,304 residents as of 2023. This sizable community is distributed across 11,608 households, reflecting a mix of family units, singles, and multi-generational living arrangements. With 12,072 total housing units in the area, there’s a slight gap between available homes and occupied households, suggesting some vacancy or seasonal use. For homebuyers and investors, this indicates a market with potential opportunities, while businesses can tap into a substantial local customer base.

Income & Housing Costs

The median household income in ZIP 11418 stands at $84,927, pointing to a relatively strong earning capacity among residents. This income level supports a housing market where the median house value is $772,800—a significant investment reflecting the area’s desirability and proximity to urban amenities in Queens. For renters, the median rent is $1,788 per month, which aligns with the higher cost of living in the region. These figures suggest that while homeownership may require substantial financial planning, the area offers stability and value for those who can invest. Businesses can also benefit from a community with disposable income to spend on local goods and services.

Race & Ethnicity

ZIP 11418 stands out for its rich cultural diversity, a key draw for many looking to settle or invest in a dynamic neighborhood. The racial and ethnic composition in 2023 shows Hispanic residents making up the largest group at 41.02%, followed by Asian residents at 23.9%. White residents account for 17.82%, and Black residents comprise 7.57% of the population. This multicultural environment fosters a welcoming atmosphere for families and businesses alike, offering a broad customer base and a variety of cultural influences that can enrich community life and commercial opportunities.

Key Facts

• Total population in ZIP 11418: 36,304 residents.
• Total households: 11,608, indicating a mix of living arrangements.
• Total housing units: 12,072, with some potential vacancy.
• Median household income: $84,927, supporting a stable local economy.
• Median house value: $772,800, reflecting a high-demand market.
• Median rent: $1,788, consistent with regional costs.
• Diverse demographics: 41.02% Hispanic, 23.9% Asian, 17.82% White, 7.57% Black.

What This Means for You

For homebuyers, ZIP 11418 offers a chance to join a diverse and thriving community, though the median house value of $772,800 signals the need for careful budgeting or financing. The area’s cultural richness and population size make it ideal for families seeking a vibrant neighborhood. Real estate investors and agents should note the slight surplus of housing units over households, which could point to opportunities for rentals or flips, especially given the strong median income of residents. The high median rent of $1,788 also suggests a robust rental market for potential landlords. Small-business owners can find value in the area’s sizable population and above-average household income, which indicate a market with spending power. The diverse demographic makeup further supports businesses catering to varied cultural needs, from food to retail. Analysts can use these metrics to benchmark ZIP 11418 against other areas in Queens, identifying trends in housing demand and economic stability.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 11418? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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• Use the insights to make data-driven decisions for your next home purchase, investment, or business venture.