Median home value is about $1,097,200 — about 215% above the U.S. median home value ($348,079).
Housing tenure and rents show median gross rent around $1,617 (about 39% above the U.S. median rent ($1,163)), and owner-occupancy near 35.3% (about 30.1 points below the national owner-occupancy rate (65.4%)).
To comfortably buy a median-priced home in ZIP 11204 in New York, NY, a household would need roughly $302,000 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 $7,048. That is about 347% above the local median household income ($67,588), 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.