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New York city, NY

ZIP 11231 — Housing & Real Estate

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

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 11231

Median Home Value
$1,678,900
Median Rent
$2,338
Affordability Snapshot
$462,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$10,785/mo PITI).

20%
Rent-to-Income Ratio

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

12.1x
Home Price-to-Income Ratio

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

59.8 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 11231 in New York city, NY, a household would need roughly $462,000 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 $10,785. That is about 234% above the local median household income ($138,485), 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
30.9%-53% vs US avg
x
Vacancy Rate
8.0%-23% vs US avg
x
Broadband Access
92.6%+6% vs US avg
x
4+ Bedrooms
1.7%-89% vs US avg
x
Built Pre-1939
8.1%-37% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
12.5%-75% vs US avg
x
Mortgage-Free
31.2%-18% vs US avg
x
$1,678,900
Home Value
$2,338
Rent
1938
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached2.8%
  • 1-unit attached7.4%
  • 2-9 units54.7%
  • 10+ units35.0%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$1,678,900
Median rent$2,338
Owner-occupied30.9%
Vacant8.0%
Price-to-income12.1x
Est. income to buy$462,000