The 11211 ZIP code is located within New York, N.Y., and is part of the broader New York-Newark-Jersey City metropolitan area.
Like many urban ZIP codes, it’s small in terms of land area, at just 2.30 square miles, but large in terms of population, with 97,772 residents. Also, it has 2,979 business establishments registered within it.
Buying a home in 11211
With a median home value of $766,700 compared to the national average of $178,600, prices for homes in this area are likely to be higher than in the national as a whole.
Buyers may find it will take some updating and renovating to bring their new home up to date. A typical home here was built in 1945, compared to 1976 for the rest of the country
Finding room in your budget for the mortgage payment might not be the only challenge. Actually finding one that suits your needs (not to mention tastes) may be an issue as well.
Data collected by the Census over the last 5 years show that the percentage of homes for sale has been lower there than in the rest of the country, suggesting that there will be a smaller amount of inventory for buyers to choose from.
Property taxes are also likely to be a factor in buyers’ ability to afford a home that catches their eye. The median annual property taxes in the 11211 ZIP code are $1,141 a year, according to Census figures.
Another thing to consider when budgeting? Financing costs. Check out rates in your area now.
The rental picture in 11211
Those seeking to rent in the 11211 ZIP code may end up paying more than they would elsewhere in the country. The median rent for a two-bedroom home is $1,334 a month. That’s above the national median of $912.
For those looking for a smaller, 1-bedroom home, the median rent in the area is $1,591. For larger 3-bedroom homes, the median cost is $1,128. One thing to keep in mind about these figures: they’re “gross rents,” a term used by the Census to include the contract rent as well as the estimated average monthly cost of utilities and fuels.
If you don’t like driving, the 11211 ZIP code may be the place for you. Residents there are less likely to commute by car than in the rest of the country, with 11.8 percent driving to work there, compared to 85.9 percent in the country as a whole. For public transit fans, there aren’t many ZIP codes better than this one. Public transit is the most common method for people to get around there, beating out driving, walking and biking.
However you get to work, don’t expect to get there quickly if you live in this ZIP. The typical commute there is 31.1 minutes, longer than the national median of 27.4 minutes.
For parents or prospective parents, school quality is always a big issue. Public schools in the 11211 ZIP code aren’t as popular as those in many other parts of the country. The percentage of K-12 students attending private school there is 58.2 percent, higher than the national average.
High educational attainment tends to be the norm in this ZIP. Residents are more likely to be college educated than elsewhere in the country, with 30.1 percent holding at least a bachelor’s degree, compared to the national average of 18.5 percent.
Demographics and income
Residents of 11211 are older than the nation as a whole. The median age is 30.3 years old, compared to the national median of 37.6. People living there are also more likely to be single than the national average.
Residents also tend to make more money than in other areas. The median household income is $54,406, compared to $53,889 for the U.S. as a whole. According to the most recent Census data, the number of jobless residents averaged 6.3 percent between 2011 and 2015. That was less than the national average of 8.3 percent.
Sources: The data referenced on this ZIP profile comes principally from the most recent 5-year averages from the American Community Survey produced by the U.S. Census. Mortgage rates are from Bankrate.com’s database.