ZIP Code 11238 — Brooklyn, New York

The median home in 11238 is valued at $1,099,700 against a median household income of $134,523, a price-to-income ratio of 8.2. That is below 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, so buying here on a local median income requires substantial savings or a second income. Within Brooklyn, 11238 ranks 3 of 38 ZIPs on affordability (1 = lowest ratio); the borough median ratio is 11.8. Renting takes 23.3% of median household income (median rent $2,616 a month), under the 30% cost-burden threshold.

11238 ranks 32 of 178 citywide on median household income and 30 of 178 on median home value; its income is far above the $82,565 Brooklyn median. 28% of households own their home, below the 35% citywide ZIP median, so most residents rent. 73% of adults hold a bachelor's degree or higher, far above the 39% median, and the poverty rate is 12.2%, below the 13.8% citywide ZIP median. Unemployment stands at 6.9%.

With 116,690 residents per square mile across 0.5 square miles of land, 11238 is denser than the citywide ZIP median of 92,954 (rank 67 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.