ZIP Code 10024 — Demographics & Housing Data 2023

Overview

If you’re considering a move, investment, or business opportunity in ZIP 10024, located in the heart of Manhattan’s Upper West Side, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 62,000 and a median household income exceeding $180,000, this ZIP code represents a vibrant, affluent community. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you understand the market dynamics and make informed decisions about living or working in 10024.

Population & Households

ZIP 10024 is home to 62,576 residents, making it a densely populated urban area with a strong community feel. These individuals are distributed across 29,447 households, reflecting a mix of families, professionals, and retirees. The total number of housing units stands at 36,723, indicating a competitive housing market where demand often outstrips supply. For those looking to settle or invest here, understanding the balance between population size and available housing is key to navigating opportunities in this sought-after neighborhood.

Income & Housing Costs

One of the standout characteristics of ZIP 10024 is its high median household income of $182,614, which places it among the wealthier areas in New York City. This financial strength is mirrored in the housing market, where the median house value reaches an impressive $1,746,400. For renters, the median monthly rent is $2,965, reflecting the premium cost of living in this desirable location. These figures suggest that 10024 is a market for high earners and serious investors, with significant barriers to entry for those on tighter budgets.

Race & Ethnicity

The demographic makeup of ZIP 10024 is predominantly White, with 79.43% of residents identifying as such. Hispanic or Latino residents account for 8.95% of the population, while Asian residents make up 4.75%, and Black or African American residents comprise 2.99%. This composition reflects a relatively homogenous community with pockets of diversity, which can influence cultural amenities, local businesses, and community dynamics. For businesses and investors, this data can help tailor offerings or marketing strategies to the area’s primary demographic groups.

Key Facts

• Total population in ZIP 10024: 62,576 residents.
• Total households: 29,447, indicating a mix of family and individual living arrangements.
• Total housing units: 36,723, showing a tight housing market.
• Median household income: $182,614, highlighting significant earning power.
• Median house value: $1,746,400, reflecting a premium real estate market.
• Median rent: $2,965 per month, a high cost for renters.
• Racial composition: 79.43% White, 8.95% Hispanic, 4.75% Asian, 2.99% Black.

What This Means for You

For homebuyers, ZIP 10024 offers a prestigious address with access to top-tier amenities, schools, and cultural landmarks like Central Park. However, with median home values nearing $1.75 million, you’ll need substantial financial resources or a strategic approach to financing. Real estate investors and agents will find a lucrative but competitive market here—high property values suggest strong returns, but the limited inventory of 36,723 housing units means quick action is essential. Focus on properties that cater to high-income renters or buyers to maximize profitability.

For small-business owners, the affluent demographic with a median income of $182,614 presents an opportunity to offer premium products or services. Consider businesses that align with the needs of a wealthy, urban clientele, such as boutique retail, upscale dining, or professional services. Finally, analysts can use this data to benchmark 10024 against other Manhattan ZIP codes, identifying trends in income disparity, housing affordability, or demographic shifts that could influence future market conditions.

Run This Study Yourself

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