ZIP Code 11706 — Demographics & Housing Data 2023

Overview

If you’re considering ZIP code 11706 for a home purchase, investment opportunity, or business venture, understanding the local demographics and housing landscape is essential. Located in a dynamic area, this ZIP code offers a blend of diversity, economic strength, and housing options that can appeal to a wide range of interests. With data from 2023, this snapshot provides a clear picture of the population, income levels, housing costs, and cultural composition of 11706. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions.

Population & Households

ZIP 11706 is home to a substantial population of 68,648 residents, making it a vibrant and active community. This population is distributed across 19,324 households, reflecting a mix of family sizes and living arrangements. The total number of housing units in the area stands at 21,435, indicating a slight surplus of available properties compared to occupied households. This could suggest opportunities for buyers or investors looking to enter the market, as well as potential for rental demand among new residents.

Income & Housing Costs

Economically, ZIP 11706 stands out with a median household income of $115,112, which points to a relatively affluent community with strong purchasing power. This income level can support a robust local economy, benefiting small businesses and service providers. On the housing front, the median home value is $464,300, reflecting a competitive real estate market that may appeal to buyers seeking long-term value or investors eyeing appreciation potential. For renters, the median monthly rent is $1,885, which aligns with the area’s higher income and property values, suggesting a market for quality rental properties.

Race & Ethnicity

The cultural fabric of ZIP 11706 is notably diverse, offering a rich community dynamic for residents and businesses alike. The racial and ethnic composition includes 32.95% White, 10.68% Black, 6.15% Asian, and a significant 45.61% Hispanic population. This diversity can be a draw for those seeking an inclusive environment, as well as for businesses looking to cater to varied customer needs and preferences. Understanding this mix is key for tailoring services, marketing strategies, or community engagement efforts in the area.

Key Facts

• Total population: 68,648 residents, indicating a sizable and active community.
• Total households: 19,324, reflecting a strong base of local families and individuals.
• Total housing units: 21,435, suggesting potential availability for new occupants or investors.
• Median household income: $115,112, highlighting economic strength in the area.
• Median home value: $464,300, pointing to a competitive real estate market.
• Median rent: $1,885 per month, indicative of a solid rental market.
• Diverse population: 45.61% Hispanic, 32.95% White, 10.68% Black, and 6.15% Asian.

What This Means for You

For homebuyers, ZIP 11706 offers a promising market with a median home value of $464,300, which could represent a solid investment given the area’s strong median income of $115,112. The diversity of the community also means a welcoming environment for families of varied backgrounds. Real estate investors and agents will find potential in the slight surplus of housing units (21,435 total) compared to households (19,324), which may indicate opportunities for rentals or flips, especially with a median rent of $1,885 attracting steady demand. Small-business owners can leverage the area’s economic strength and diverse population of 68,648 to target a wide customer base, particularly by offering culturally relevant products or services. Analysts can use these metrics to benchmark 11706 against other ZIP codes, identifying trends in housing affordability or demographic shifts for deeper studies.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 11706? 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 needs.
• Use the insights to inform your next home purchase, investment decision, or business strategy with confidence.