ZIP 11423 - 860Z200US11423 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 11423, located in the heart of Queens, New York, understanding the local demographics 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 vibrant area. Whether you’re a homebuyer, real estate investor, small-business owner, or data analyst, these insights can help you make informed decisions tailored to your goals.

Population & Households

ZIP 11423 is home to a population of 29,105 residents, making it a moderately sized community within Queens. These individuals are distributed across 9,824 households, reflecting a mix of family and individual living arrangements. With 10,307 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could indicate some availability for new residents or investors looking for opportunities. The average household size can be inferred as roughly 3 people, suggesting a community with a blend of families and smaller households.

Income & Housing Costs

The median household income in ZIP 11423 stands at $80,870, which points to a relatively stable economic base for many residents. This income level supports a housing market where the median house value is $717,300—a significant investment that reflects the area’s appeal and proximity to New York City’s economic hubs. For renters, the median rent is $1,706 per month, which is considerable but aligns with the broader Queens rental market. These figures suggest that while homeownership may require substantial financial planning, renting remains a viable option for those seeking flexibility.

Race & Ethnicity

ZIP 11423 boasts a rich cultural tapestry, with a diverse population that enhances the community’s vibrancy. The racial and ethnic composition includes 33.79% Black or African American, 30.66% Asian, 15.41% Hispanic or Latino, and 9.74% White residents, among other groups. This diversity fosters a dynamic social environment, offering unique opportunities for cultural exchange, community engagement, and business ventures that cater to varied tastes and needs. For businesses and investors, this mix can translate into a broad customer base with distinct preferences.

Key Facts

• Total population: 29,105 residents in ZIP 11423 as of 2023.
• Total households: 9,824, indicating a mix of family and individual living setups.
• Total housing units: 10,307, suggesting some availability for new occupants.
• Median household income: $80,870, reflecting a stable economic foundation.
• Median house value: $717,300, indicative of a high-demand housing market.
• Median rent: $1,706, a notable but typical cost for the Queens area.
• Diverse demographics: Predominantly Black (33.79%) and Asian (30.66%) with significant Hispanic (15.41%) representation.

What This Means for You

For homebuyers, ZIP 11423 offers a diverse community with a strong median income, but the high median house value of $717,300 means you’ll need to plan for a substantial investment. The slight surplus of housing units could provide some negotiation room, though competition may still be stiff due to the area’s appeal. Real estate investors and agents should note the potential for rental income, given the median rent of $1,706 and the diverse tenant pool. The cultural mix also suggests demand for varied property types, from family homes to smaller units for singles or couples.

For small-business owners, the demographic diversity and population size of 29,105 present a promising customer base. Tailoring offerings to the cultural preferences of Black, Asian, and Hispanic communities could set your business apart. Additionally, the median income level indicates that many residents have disposable income for local goods and services. Analysts can use this data as a benchmark to track trends in housing affordability or demographic shifts in Queens, leveraging these insights for broader market studies.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 11423? 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, whether you’re buying a home, investing, or planning a business venture in any area.