ZIP 10040 covers residential neighborhoods in New York, located within New York County, NY, part of the broader New York housing market. The typical home value in ZIP 10040 in the New York housing market is $483,751, with a typical rent of $2,988 per month. That puts the local home-value-to-annual-rent ratio at 13.5.
Key stats
- ZIP 10040 is around the 8th percentile of tracked local ZIPs for home value.
- ZIP 10040 is around the 20th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 13.5.
- Supply and buyer competition did not produce a clear easing or tightening split.
- ZIP 10040's typical home value is 38.1% below the metro median of $780,921.
- Typical home value
- $483,751
- Typical rent
- $2,988
- Homes for sale
- 41
- Buyer competition
- 23
- Homes going pending
- 5
- Listings with price cuts
- 18.7%
Price and rent in ZIP 10040
ZIP 10040 is around the 8th percentile of tracked local ZIPs for home value. ZIP 10040 is around the 44th percentile of tracked local ZIPs for rent.
ZIP 10040 home value & rent trend (past 12 months)
Typical home value fell 0.2% over the past 12 months, from $484,915 to $483,751. It rose in 7 of 11 monthly readings. The largest monthly gain was +0.5% in February 2026.
Typical rent rose 3.3% over the past 12 months, from $2,891 to $2,988. It rose in 6 of 11 monthly readings. The largest monthly gain was +3.1% in May 2026.
How ZIP 10040 compares to the metro
ZIP 10040's typical home value is 38.1% below the metro median of $780,921. ZIP 10040's typical rent is 3.6% below the metro median of $3,100. ZIP 10040's buyer competition is 43.9% below the metro median of 41.
Supply, pending activity, and competition
ZIP 10040 is around the 21st percentile of tracked local ZIPs for for-sale inventory. ZIP 10040 is around the 20th percentile of tracked local ZIPs for buyer competition. Supply and buyer competition did not produce a clear easing or tightening split. Over the 12 readings on record, inventory moved between 33 and 41 — a 8-point spread across 173 comparable tracked ZIPs. Over the 11 readings on record, buyer competition moved between 16 and 28 — a 12-point spread across 173 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 10034, 10033, 10032, 10039.
Continue your market research
- Is New York Housing Market Cooling?Read the related local market analysis.
- Is New York a Buyer's Market?Read the related local market analysis.
- Compare 10040 vs 10001Compare this market with another tracked ZIP or peer group.
- Compare 10040 vs 10002Compare this market with another tracked ZIP or peer group.
- Compare 10040 vs top 5 ZIPsCompare this market with another tracked ZIP or peer group.
- ZIP 10034 housing marketReview a nearby local market with the same core measures.
- ZIP 10033 housing marketReview a nearby local market with the same core measures.
- ZIP 10032 housing marketReview a nearby local market with the same core measures.
- New York Metro housing market overviewReturn to the broader parent market.
10040 Housing Market Overview FAQ
What is the typical home value in ZIP 10040?
The typical home value in ZIP 10040 is $483,751 in the latest monthly reading.
What is the typical rent in ZIP 10040?
Typical rent in ZIP 10040 is $2,988 per month.
What is the home-value-to-rent ratio in ZIP 10040?
ZIP 10040 has a home-value-to-annual-rent ratio of 13.5.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules