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New York city, NY

ZIP 11238 — Housing & Real Estate

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

Upper Middle ClassLarge CommunityLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 11238

Median Home Value
$1,146,000
Median Rent
$2,372
Affordability Snapshot
$316,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$7,362/mo PITI).

21%
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.

40.3 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 11238 in New York city, NY, a household would need roughly $316,000 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 $7,362. That is about 138% above the local median household income ($132,957), 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
28.1%-57% vs US avg
x
Vacancy Rate
7.5%-27% vs US avg
x
Broadband Access
92.7%+7% vs US avg
x
4+ Bedrooms
2.2%-85% vs US avg
x
Built Pre-1939
7.5%-42% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
17.3%-65% vs US avg
x
Mortgage-Free
29.9%-22% vs US avg
x
$1,146,000
Home Value
$2,372
Rent
1938
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

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

  • 1-unit detached0.8%
  • 1-unit attached3.6%
  • 2-9 units35.9%
  • 10+ units59.6%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$1,146,000
Median rent$2,372
Owner-occupied28.1%
Vacant7.5%
Price-to-income8.6x
Est. income to buy$316,000