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New York city, NY

ZIP 11416 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 11416

Median Home Value
$733,500
Median Rent
$1,795
Affordability Snapshot
$202,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,712/mo PITI).

25%
Rent-to-Income Ratio

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

8.6x
Home Price-to-Income Ratio

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

34.1 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 11416 in New York city, NY, a household would need roughly $202,000 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 $4,712. That is about 136% above the local median household income ($85,544), 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
50.4%-23% vs US avg
x
Vacancy Rate
6.8%-34% vs US avg
x
Broadband Access
92.0%+6% vs US avg
x
4+ Bedrooms
7.0%-53% vs US avg
x
Built Pre-1939
9.7%-24% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
30.6%-38% vs US avg
x
Mortgage-Free
42.5%+11% vs US avg
x
$733,500
Home Value
$1,795
Rent
1938
Year Built
2009
Moved In

Residents have lived here since ~2009 on average

Housing Structure

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

  • 1-unit detached19.8%
  • 1-unit attached12.0%
  • 2-9 units65.7%
  • 10+ units2.2%
  • Mobile home & other0.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$733,500
Median rent$1,795
Owner-occupied50.4%
Vacant6.8%
Price-to-income8.6x
Est. income to buy$202,000