What is the median home value in New York County, NY?

The median home value in New York County, NY is $1,108,900, according to the latest Census ACS 5-Year Estimates.

What is the cap rate in New York County, NY?

The cap rate proxy in New York County, NY is 2.5% (estimated from HUD Fair Market Rent and Census home values with a 35% expense ratio). This is below average, suggesting an appreciation-focused market.

How much new construction is happening in New York County, NY?

New York County has 1.6 million residents and issued 3,311 building permits over the trailing twelve months, according to the Census Building Permits Survey.

New York-Newark-Jersey City, NY-NJ-PA · New York

New York County

1.6M residents3,311 permits TTM$104,553 median HHI69 ZIP codesUpdated April 28, 2026

Investor first look

Median home value

$1,108,900

ACS 5-Year

Cap rate proxy

2.5%

FMR × 0.65 ÷ Home Value

Rent-to-income

24.5%

HUD FMR ÷ ACS HHI

Net migration

+4.53%

IRS SOI

Permits (TTM)

3,311

Census BPS

Climate risk

98.8

FEMA NRI (0–100)

ZIP code breakdown69 ZIP codes

ZIP	Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
10034	—	—	—	6.4%	-4.3%
10040	—	—	—	6.8%	-18.9%
10031	—	—	—	6.4%	-26.0%
10037	—	—	—	4.5%	8.3%
10039	—	—	—	5.6%	-29.6%

Ranked by composite score

Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
—	—	—	7.4%	-108.4%
—	—	—	6.7%	-80.9%
—	—	—	6.4%	-109.5%
—	—	—	6.0%	-20.4%
—	—	—	5.7%	-87.0%
—	—	—	5.7%	-94.4%
—	—	—	5.5%	-91.7%
—	—	—	5.4%	-18.5%
—	—	—	5.2%	-107.8%
—	—	—	5.1%	-86.1%
—	—	—	5.1%	-37.0%
—	—	—	5.0%	-99.7%
—	—	—	5.0%	-99.3%
—	—	—	5.0%	-90.3%
—	—	—	4.9%	-26.2%
—	—	—	4.8%	-41.4%
—	—	—	4.8%	-107.9%
—	—	—	4.7%	-44.8%
—	—	—	4.7%	-99.4%
—	—	—	4.6%	-86.8%
—	—	—	4.5%	-112.6%
—	—	—	4.5%	-14.4%
—	—	—	4.5%	-114.9%
—	—	—	4.0%	-72.3%
—	—	—	3.6%	-47.4%
—	—	—	3.5%	-76.3%
—	—	—	3.4%	-74.2%
—	—	—	3.3%	-87.6%
—	—	—	3.1%	-74.9%
—	—	—	2.3%	8.3%
—	—	—	2.3%	8.3%
—	—	—	2.3%	8.3%
—	—	—	2.3%	8.3%
—	—	—	2.3%	8.3%
—	—	—	2.3%	8.3%
—	—	—	2.3%	8.3%
—	—	—	2.3%	8.3%
—	—	—	2.3%	8.3%
—	—	—	2.3%	8.3%
—	—	—	2.3%	8.3%
—	—	—	2.3%	8.3%
—	—	—	2.3%	8.3%
—	—	—	2.3%	8.3%
—	—	—	2.3%	8.3%
—	—	—	2.3%	8.3%
—	—	—	2.3%	8.3%
—	—	—	2.3%	8.3%
—	—	—	2.3%	8.3%
—	—	—	2.3%	8.3%
—	—	—	2.3%	8.3%
—	—	—	2.3%	8.3%
—	—	—	2.3%	8.3%
—	—	—	2.3%	8.3%
—	—	—	2.3%	-136.4%
—	—	—	2.2%	-113.5%
—	—	—	2.1%	-118.6%
—	—	—	1.8%	-116.3%
—	—	—	1.6%	-129.0%
—	—	—	1.5%	-139.8%
—	—	—	1.4%	-136.8%
—	—	—	1.3%	-132.3%
—	—	—	1.2%	-225.7%
—	—	—	0.8%	-216.3%
—	—	—	0.7%	-170.9%

Demographics

Owner-occupied

24.7%

Census ACS

Vacancy rate

15.6%

Census ACS

Bachelor's degree +

64.0%

Census ACS

Rent burdened

44.7%

Census ACS (>30% income)

Median age

38.9

Census ACS

Data sources

U.S. Census Bureau — American Community Survey 5-Year Estimates

U.S. Census Bureau — Building Permits Survey

U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)

Internal Revenue Service — Statistics of Income Migration Data

FEMA — National Risk Index

Last updated: April 28, 2026

New York County

See all 69 ZIPs ranked by yield and cap rate