ZIP 11429 - 860Z200US11429 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 11429 for your next home, investment, or business venture, this demographic and housing snapshot offers a clear picture of what to expect. Located in Queens, New York, this area is home to a vibrant, diverse community with a population of nearly 28,000. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, understanding the population dynamics, income levels, and housing market in 11429 can help you make informed decisions. Let’s dive into the latest 2023 data to uncover the opportunities and challenges in this neighborhood.

Population & Households

ZIP code 11429 has a total population of 27,933 residents, making it a moderately sized community within Queens. These individuals are distributed across 8,227 households, indicating an average household size of about 3.4 people. This suggests a mix of families and potentially multi-generational living arrangements, which is common in diverse urban areas. For homebuyers or investors, this population density points to a stable demand for housing, while businesses can tap into a sizable local customer base.

Income & Housing Costs

The median household income in ZIP 11429 stands at $98,232, reflecting a relatively strong earning capacity compared to many other areas. This income level supports a housing market where the median home value is $646,200—a significant investment but one that aligns with the area’s proximity to New York City and its economic opportunities. For renters, the median monthly rent is $1,605, which is more affordable than owning but still reflects the high cost of living in the region. These figures are crucial for homebuyers assessing affordability and for investors evaluating potential returns on rental properties or home sales.

Race & Ethnicity

The demographic makeup of ZIP 11429 is notably diverse, with a rich cultural tapestry that shapes the community’s identity. The population is predominantly Black, accounting for 64.8% of residents, followed by Hispanic or Latino individuals at 15.17%. Asian residents make up 6.66%, while White residents represent just 3.04%. This diversity can be a significant draw for businesses looking to cater to varied cultural preferences or for families seeking an inclusive environment. Understanding these demographics helps stakeholders anticipate community needs and preferences, whether in real estate or commerce.

Key Facts

• Total population: 27,933 residents in ZIP 11429 as of 2023.
• Total households: 8,227, with an average household size of approximately 3.4 people.
• Median household income: $98,232, indicating solid earning potential.
• Median home value: $646,200, reflecting a high-value real estate market.
• Median rent: $1,605 per month, a key consideration for renters and investors.
• Dominant racial group: Black residents at 64.8% of the population.
• Diversity: Significant Hispanic (15.17%) and Asian (6.66%) representation.

What This Means for You

For homebuyers, ZIP 11429 offers a chance to join a diverse, family-oriented community with a median home value of $646,200. While the price point is substantial, the median household income of $98,232 suggests that many residents can sustain this market, and the area’s cultural richness adds to its appeal. Be prepared for competitive buying conditions given the limited housing stock of 8,601 units for a population nearing 28,000.

For investors and real estate agents, the high median home value and steady rental demand (median rent of $1,605) signal opportunities for strong returns, especially in a market with consistent population density. Focus on properties that cater to larger households, as the average size of 3.4 people per household indicates a need for spacious homes.

For small-business owners, the diverse demographic profile of 11429—with a majority Black population and significant Hispanic and Asian communities—presents a chance to tailor products and services to specific cultural needs. With nearly 28,000 potential customers, there’s a robust local market to serve, especially in sectors like food, retail, and personal services.

For analysts, the data highlights a stable, income-strong community with housing costs reflective of its urban location. Keep an eye on population trends and housing unit growth to predict future demand shifts.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 11429? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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