Overview
11201 is three neighborhoods on 1.35 sq mi of land at the Brooklyn end of the Brooklyn Bridge: the brownstone grid of Brooklyn Heights, landmarked in 1965; the converted warehouses of DUMBO; and the glass towers of Downtown Brooklyn. Its 69,703 residents live at 51,482 people per sq mi, denser than Brooklyn's 39,438. They are far more credentialed than the country as a whole: 79.9% of adults 25 and over hold a bachelor's degree and 42.0% a graduate degree, against 35.7% and 14.1% nationally.
Money is the defining fact. Median household income is $173,136, more than double Brooklyn's $80,263, and the average tax return reports $278,003 of income; 46.5% of returns report capital gains or losses, against 18.9% nationally. Housing is priced to match: The typical home is valued at $1.37M and typical asking rent is $4,679 a month, against $959K and $3,867 for Brooklyn. Only 35.9% of households own their home, so most rent. Even after adjusting for metro price levels, the median household income is worth $153,813, close to twice the US $80,734.
Daily life runs on foot and on rails. 68.0% of households own no car, only 5.9% of workers drive alone to work and 44.4% take transit, with 11 subway services stopping in the ZIP. Nearly two-thirds of employed residents (65.4%) work in Manhattan, while 97.7% of the 74,906 jobs located here, led by public administration (23.8%) and education (14.5%), are held by people who live elsewhere. Restaurants and gyms are unusually dense: 280 places to eat and drink and 27.5 gyms per sq mi, against 68.9 and 3.47 across Brooklyn.
Change is fast and uneven. Population grew 46.0% from 2000 to 2020, and the housing stock has expanded another 23.7% (8,644 net units) since 2020, about three times the Brooklyn pace of 7.6%. Values have slipped while rents have not: The typical home value is 18.7% below its April 2017 peak and down 11.8% over five years, even as typical asking rents rose 34.1%. Retail is softer than the borough: storefront vacancy rose from 10.3% at the end of 2019 to 14.5% at the end of 2024, while Brooklyn's fell from 9.9% to 8.0%. The long-run risk is water. 46.1% of the land lies in a hurricane evacuation zone, Hurricane Sandy accounts for 96.8% of all federal flood-insurance payouts here, and a mid-range federal projection puts high-tide flooding at the nearby Battery tide gauge at 85 days a year by the 2050s, against 8 in the past year.