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New York city, NY

ZIP 10016 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Wealthy AreaLarge CommunityLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 10016

Median Home Value
$928,400
Median Rent
$3,234
Affordability Snapshot
$256,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$5,964/mo PITI).

25%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

6.1x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

23.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 10016 in New York city, NY, a household would need roughly $256,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $5,964. That is about 67% above the local median household income ($153,065), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 18% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
27.7%-58% vs US avg
x
Vacancy Rate
18.4%+79% vs US avg
x
Broadband Access
94.0%+8% vs US avg
x
4+ Bedrooms
0.1%-99% vs US avg
x
Built Pre-1939
4.3%-66% vs US avg
x
Built Post-2014
0.5%-93% vs US avg
x
Rent Burden >30%
20.4%-59% vs US avg
x
Mortgage-Free
42.7%+12% vs US avg
x
$928,400
Home Value
$3,234
Rent
1967
Year Built
2018
Moved In

Residents have lived here since ~2018 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached0.9%
  • 1-unit attached0.5%
  • 2-9 units5.7%
  • 10+ units92.9%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$928,400
Median rent$3,234
Owner-occupied27.7%
Vacant18.4%
Price-to-income6.1x
Est. income to buy$256,000