ZIP Code 11229 — Brooklyn, New York

The median home in 11229 is valued at $818,900 against a median household income of $70,603, a price-to-income ratio of 11.6. That is above the 8.7 median across the 178 New York City ZIP codes with published housing data, and well past the 3.0 ratio that marks an attainable market nationally, which means a household earning the local median income cannot finance the local median home on conventional terms. Within Brooklyn, 11229 ranks 18 of 38 ZIPs on affordability (1 = lowest ratio); the borough median ratio is 11.8. Renting takes 28.1% of median household income (median rent $1,651 a month), under the 30% cost-burden threshold.

11229 ranks 128 of 178 citywide on median household income and 78 of 178 on median home value; its income is below the $82,565 Brooklyn median. 47% of households own their home, above the 35% citywide ZIP median, so most residents rent. 42% of adults hold a bachelor's degree or higher, above the 39% median, and the poverty rate is 16.9%, above the 13.8% citywide ZIP median. Unemployment stands at 5.7%.

With 156,754 residents per square mile across 0.5 square miles of land, 11229 is far denser than the citywide ZIP median of 92,954 (rank 29 of 178). This is among the densest residential territory in the United States: high-rise and mid-rise apartment blocks with almost no single-family stock.