Median home value is about $1,398,400 — about 302% above the U.S. median home value ($348,079).
Housing tenure and rents show median gross rent around $2,038 (about 75% above the U.S. median rent ($1,163)), and owner-occupancy near 23.3% (about 42.1 points below the national owner-occupancy rate (65.4%)).
To comfortably buy a median-priced home in ZIP 11216 in New York, NY, a household would need roughly $385,000 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 $8,983. That is about 305% above the local median household income ($95,000), 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.