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New York city, NY

ZIP 11216 — Housing & Real Estate

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

Middle ClassLarge CommunityLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 11216

Median Home Value
$1,398,400
Median Rent
$2,038
Affordability Snapshot
$385,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$8,983/mo PITI).

26%
Rent-to-Income Ratio

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

14.7x
Home Price-to-Income Ratio

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

57.2 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 11216 in New York city, 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.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
23.3%-64% vs US avg
x
Vacancy Rate
7.5%-27% vs US avg
x
Broadband Access
91.2%+5% vs US avg
x
4+ Bedrooms
4.5%-69% vs US avg
x
Built Pre-1939
4.6%-64% vs US avg
x
Built Post-2014
0.8%-88% vs US avg
x
Rent Burden >30%
22.5%-55% vs US avg
x
Mortgage-Free
24.5%-36% vs US avg
x
$1,398,400
Home Value
$2,038
Rent
1938
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

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

  • 1-unit detached1.5%
  • 1-unit attached6.1%
  • 2-9 units59.8%
  • 10+ units32.5%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$1,398,400
Median rent$2,038
Owner-occupied23.3%
Vacant7.5%
Price-to-income14.7x
Est. income to buy$385,000