ZIP Code 11550 — Demographics & Housing Data 2023

Overview

If you’re considering ZIP code 11550 for your next home, investment, or business venture, understanding the local demographics and housing landscape is essential. Located in Hempstead, New York, this area offers a vibrant, diverse community with unique opportunities and challenges. This snapshot, based on 2023 data, provides a clear picture of population trends, income levels, housing costs, and cultural composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions.

Population & Households

ZIP 11550 is home to a substantial population of 60,658 residents, making it a densely populated area with a strong community presence. These individuals are distributed across 18,025 households, reflecting a mix of family structures and living arrangements. With 19,579 total housing units in the area, there’s a slight gap between available units and occupied households, which could indicate opportunities for investors or developers looking to address housing demand.

Income & Housing Costs

The median household income in ZIP 11550 stands at $86,904, suggesting a moderate earning capacity for many residents. This income level supports a housing market where the median home value is $446,500—a significant investment that reflects the area’s appeal and proximity to urban centers like New York City. For renters, the median monthly rent is $1,647, which is relatively high and may influence decisions for those weighing the costs of renting versus buying. These figures highlight the financial commitment required to live in this area, as well as potential returns for property investors.

Race & Ethnicity

ZIP 11550 boasts a richly diverse population, with a cultural mosaic that shapes its community dynamics. The racial and ethnic composition includes 44.46% Hispanic or Latino residents, making this the largest demographic group, followed by 42.57% Black or African American residents. White residents account for 6.53% of the population, while Asian residents make up 2.37%. This diversity offers a unique blend of perspectives, traditions, and economic opportunities, which can be a draw for businesses and families seeking an inclusive environment.

Key Facts

• Total population: 60,658 residents, indicating a sizable and active community.
• Total households: 18,025, showing a strong base of local families and individuals.
• Total housing units: 19,579, with some units potentially available for new occupants or redevelopment.
• Median household income: $86,904, reflecting a moderate earning capacity for the area.
• Median home value: $446,500, positioning ZIP 11550 as a valuable real estate market.
• Median rent: $1,647 per month, a notable cost for renters considering long-term housing plans.
• Diverse demographics: Predominantly Hispanic (44.46%) and Black (42.57%) populations, fostering a multicultural environment.

What This Means for You

For homebuyers, ZIP 11550 offers a chance to join a diverse and dynamic community, though the median home value of $446,500 requires careful financial planning. The area’s cultural richness can be a significant draw for families seeking a welcoming environment. Real estate investors and agents should note the slight surplus of housing units (19,579 total units versus 18,025 households), which may signal opportunities for rentals or renovations, especially given the high median rent of $1,647. Small-business owners can leverage the large population of over 60,000 and the area’s diversity to target niche markets or culturally specific services. Analysts will find the income and demographic data useful for forecasting trends or identifying growth sectors in this vibrant ZIP code.

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