ZIP Code 11420 — Demographics & Housing Data 2023

Overview

If you’re considering ZIP code 11420 for your next home, investment, or business venture, understanding the local demographics and housing landscape is crucial. Located in the heart of Queens, New York, this area offers a diverse community and a dynamic real estate market. This snapshot, based on 2023 data, provides a clear picture of population trends, income levels, housing costs, and cultural diversity. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about opportunities in 11420.

Population & Households

ZIP code 11420 is home to a robust population of 50,060 residents. This sizable community is distributed across 13,975 households, reflecting a dense and active residential area. With 14,835 total housing units, the area shows a slight surplus of homes compared to households, which could indicate some availability for new residents or investors looking to enter the market. The average household size, derived from these figures, suggests a mix of family-oriented and individual living arrangements, making this ZIP code appealing to a variety of demographics.

Income & Housing Costs

Financially, ZIP 11420 stands out with a median household income of $98,584, which is notably strong and indicative of a stable economic base. This income level supports a housing market where the median house value is $673,700, reflecting the premium placed on real estate in this part of Queens. For renters, the median rent is $2,032 per month, which aligns with the area’s higher cost of living but also signals potential demand for rental properties. These figures suggest that 11420 is a market where both homeownership and rental investments could yield solid returns, provided buyers and investors are prepared for the upfront costs.

Race & Ethnicity

One of the standout features of ZIP 11420 is its rich cultural diversity. The racial and ethnic composition of the area includes 33.93% Asian, 21.51% Hispanic, 20.19% Black, and 4.39% White residents, with other groups making up the remainder. This vibrant mix creates a multicultural environment that can be a significant draw for families, businesses, and investors who value diversity. It also points to a community with varied needs and preferences, offering opportunities for tailored services, products, and real estate developments.

Key Facts

• Total population: 50,060 residents, indicating a sizable and active community.
• Total households: 13,975, showing a dense residential base.
• Total housing units: 14,835, suggesting some availability for new occupants.
• Median household income: $98,584, reflecting economic stability.
• Median house value: $673,700, indicative of a premium real estate market.
• Median rent: $2,032, pointing to strong rental demand.
• Diverse population: 33.93% Asian, 21.51% Hispanic, 20.19% Black, 4.39% White.

What This Means for You

For homebuyers, ZIP 11420 offers a chance to join a thriving, diverse community with a strong economic foundation, though the high median house value of $673,700 means you’ll need to budget accordingly or explore financing options. Investors and real estate agents will find potential in both the purchase market and the rental sector, where a median rent of $2,032 suggests steady demand—consider properties that cater to the area’s multicultural population for maximum appeal. Small-business owners can leverage the area’s diversity and population density of 50,060 to target niche markets, such as culturally specific goods or services, while benefiting from a median household income of $98,584 that supports consumer spending. Analysts can use these metrics to benchmark 11420 against other ZIP codes in Queens, identifying trends in housing availability (14,835 units) and demographic shifts for deeper market studies.

Run This Study Yourself

• Want to dive deeper into ZIP 11420 or compare it with another area? Start by visiting ZipcodeGPT for a user-friendly platform to analyze ZIP code data.
• Enter any ZIP code to access up-to-date demographic, housing, and economic insights tailored to your needs.
• Use the detailed reports to inform your homebuying, investment, or business decisions with confidence.