Zip 10016 (Murray Hill - Kips Bay, NY) Housing

The housing market in 10016 Murray Hill/Kips Bay, NY is extremely competitive due to its high median value of $871,600. This is significantly higher than the US median house value of $338,100. Despite this, there has been a similar appreciation rate in the past year with an 8.22% increase compared to the 8.27% national average. Although prices may be steep, it is clear that this area is desirable and a great investment opportunity for those looking to buy property in the area.

The median home cost in Murray Hill - Kips Bay (zip 10016) is $871,600. Home appreciation the last 10 years has been 62.6%. Home Appreciation in Murray Hill - Kips Bay (zip 10016) is up 10.8%.

Average Age of Homes

- The median age of Murray Hill - Kips Bay (zip 10016) real estate is 53 years old

The Rental Market in Murray Hill - Kips Bay (zip 10016)

- Renters make up 57.4% of the Murray Hill - Kips Bay (zip 10016) population
- 2.8% of houses and apartments in Murray Hill - Kips Bay (zip 10016), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Murray Hill - Kips Bay, New York	United States
	36,328.0	139,647,020.0
	56	42
	$871,600	$338,100
	10.8%	16.6%
	36.0%	57.0%
	62.6%	101.1%
	$8.55	$10.98
	$10,001	$2,690
	23.3%	57.4%
	17.1%	11.2%
	59.6%	31.4%
Vacant Housing
	2.8%	1.9%
	2.3%	0.4%
	0.6%	0.7%
	0.6%	0.4%
	6.5%	3.6%
	4.3%	4.1%
Value of Owner-Occupied Housing
	0.6%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	0.2%	3.9%
	0.0%	4.5%
	0.8%	11.3%
	0.3%	13.0%
	2.3%	20.1%
	8.7%	13.6%
	10.2%	8.3%
	20.5%	9.7%
	12.1%	3.9%
	22.3%	2.2%
	7.9%	0.8%
	14.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.8%	13.6%
	5.8%	13.6%
	6.2%	13.6%
	15.4%	13.2%
	8.6%	14.8%
	6.2%	13.6%
	9.5%	10.0%
	4.0%	4.7%
	27.3%	12.2%

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