ZIP 11427 - 860Z200US11427 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 11427, located in Queens, New York, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 25,000 and a diverse cultural makeup, this ZIP code presents unique opportunities and challenges for homebuyers, real estate investors, small-business owners, and analysts. Drawing from the latest data, we’ll break down key metrics on population, income, housing costs, and racial composition to help you make informed decisions about living or working in 11427.

Population & Households

ZIP 11427 is home to 25,124 residents, making it a moderately sized community within Queens. These individuals are distributed across 8,121 households, reflecting a mix of family and individual living arrangements. The total number of housing units stands at 8,435, indicating a slight surplus of available homes compared to occupied households. This could suggest opportunities for buyers or renters looking to settle in the area, as well as potential vacancies for investors to consider.

Income & Housing Costs

The median household income in ZIP 11427 is $92,129, a figure that positions the area as relatively affluent compared to many other urban ZIP codes. This income level supports a robust local economy, which can be a draw for small businesses seeking a stable customer base. On the housing front, the median home value is $690,200, reflecting the high demand for real estate in Queens. For renters, the median monthly rent is $1,697, which aligns with the area’s cost of living and may appeal to those who prefer flexibility over ownership. These figures highlight the financial commitment required to live in 11427, but also the potential for strong property value growth for investors.

Race & Ethnicity

ZIP 11427 stands out for its diverse population, a key characteristic that shapes the community’s culture and economic dynamics. The racial composition is as follows: 37.32% Asian, 21.69% Black, 16.85% Hispanic, and 14.23% White, with the remaining percentage comprising other or mixed-race individuals. This diversity fosters a vibrant, multicultural environment, which can be a significant advantage for businesses catering to varied tastes and needs, as well as for families seeking an inclusive community to call home.

Key Facts

• Total population in ZIP 11427: 25,124 residents.
• Total households: 8,121, with 8,435 total housing units available.
• Median household income: $92,129, indicating a solid economic base.
• Median home value: $690,200, reflecting a competitive real estate market.
• Median monthly rent: $1,697, suitable for a range of renter budgets.
• Diverse racial makeup, with Asian (37.32%) as the largest group, followed by Black (21.69%) and Hispanic (16.85%).

What This Means for You

For homebuyers, ZIP 11427 offers a diverse and vibrant community with a median home value of $690,200, which suggests a stable investment but requires significant financial planning. The slight surplus of housing units (8,435 vs. 8,121 households) may provide some negotiating room in a competitive market. Real estate investors and agents can capitalize on the area’s high property values and diversity-driven demand, though they should assess vacancy rates and rental yields carefully, given the median rent of $1,697. Small-business owners will find a promising customer base with a median household income of $92,129 and a culturally rich population, ideal for businesses offering tailored products or services. Lastly, analysts can use these metrics to benchmark 11427 against neighboring ZIP codes, focusing on income and diversity as drivers of economic activity.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 11427? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access detailed reports on population, housing, income, and more, tailored to your needs.
• Use the insights to make data-driven decisions for your next home purchase, investment, or business venture.