Zip 11216 (New York, NY) Housing

Situated in the heart of New York City, 11216 is a highly desirable neighborhood. The housing median value in this area is $1,238,700, much higher than the US house median value of $338,100. Although the US one year house appreciation rate is 8.27%, the rate of appreciation for houses in 11216 is 5.12%, making this a great place to invest in real estate. The area is close to major attractions and transportation hubs and features some of the city's most iconic buildings and neighborhoods. As such, it is no surprise that the housing market here continues to remain strong despite an uncertain economic climate.

The median home cost in New York (zip 11216) is $1,238,700. Home appreciation the last 10 years has been 71.7%. Home Appreciation in New York (zip 11216) is up 4.0%.

Average Age of Homes

- The median age of New York (zip 11216) real estate is 78 years old

The Rental Market in New York (zip 11216)

- Renters make up 68.0% of the New York (zip 11216) population
- 3.5% of houses and apartments in New York (zip 11216), 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	New York, New York	United States
	28,622.0	139,647,020.0
	81	42
	$1,238,700	$338,100
	4.0%	16.6%
	22.8%	57.0%
	71.7%	101.1%
	$7.01	$10.98
	$4,441	$2,690
	22.2%	57.4%
	8.8%	11.2%
	69.0%	31.4%
Vacant Housing
	3.5%	1.9%
	0.4%	0.4%
	0.3%	0.7%
	0.7%	0.4%
	0.3%	3.6%
	3.7%	4.1%
Value of Owner-Occupied Housing
	1.2%	2.6%
	0.2%	2.4%
	0.6%	2.8%
	0.5%	3.9%
	0.2%	4.5%
	0.2%	11.3%
	1.7%	13.0%
	1.3%	20.1%
	2.0%	13.6%
	2.2%	8.3%
	10.9%	9.7%
	14.0%	3.9%
	22.4%	2.2%
	17.9%	0.8%
	24.7%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	3.9%	13.6%
	3.9%	13.6%
	2.7%	13.6%
	3.4%	13.2%
	3.5%	14.8%
	2.7%	13.6%
	4.7%	10.0%
	4.7%	4.7%
	68.2%	12.2%

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