HomeMarketCap.com80 of 174 tracked New York ZIPs still show rent acceleration, so the softening is uneven rather than citywide. Across tracked ZIPs the typical home value runs from $254,850 in 10462 to $3,742,256 in 10013 — a factor of 14.7. New-construction sales changed -9.57% year over year. The median tracked ZIP records about 68 pending homes per 100 new listings.
Key stats
- Across tracked ZIPs the typical home value runs from $254,850 in 10462 to $3,742,256 in 10013 — a factor of 14.7.
- The median tracked ZIP records about 68 pending homes per 100 new listings.
- The median tracked ZIP has a home-value-to-annual-rent ratio of 21.0.
- New-construction sales changed -9.57% year over year.
- Tracked ZIP markets
- 174
- Median ZIP home value
- $780,921
- Median ZIP rent
- $3,100
- housing cost spread
- Across tracked ZIPs the typical home value runs from $254,850 in 10462 to $3,742,256 in 10013 — a factor of 14.7.
- new construction change
- New-construction sales changed -9.57% year over year.
- median pending flow
- The median tracked ZIP records about 68 pending homes per 100 new listings.
How broad is rent softening?
Metro new-construction sales changed -9.57% year over year.
Sources and method
- HomeMarketCap.com data sources: ZIP and metro housing-market datasets
- HomeMarketCap.com methodology: calculation and missing-data rules