ZIP 10016 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 10016 in the New York housing market is $924,228, with a typical rent of $5,225 per month. That puts the local home-value-to-annual-rent ratio at 14.7.
Key stats
- ZIP 10016 is around the 65th percentile of tracked local ZIPs for home value.
- ZIP 10016 is around the 5th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 14.7.
- 71 homes went pending for every 100 new listings in the current reading.
- Supply and buyer competition did not produce a clear easing or tightening split.
- Typical home value
- $924,228
- Typical rent
- $5,225
- Homes for sale
- 428
- Buyer competition
- 14
- New listings
- 62
- Homes going pending
- 44
- Listings with price cuts
- 12.3%
Price and rent in ZIP 10016
ZIP 10016 is around the 65th percentile of tracked local ZIPs for home value. ZIP 10016 is around the 92nd percentile of tracked local ZIPs for rent.
ZIP 10016 home value & rent trend (past 12 months)
Typical home value rose 0.8% over the past 12 months, from $917,323 to $924,228. It rose in 7 of 11 monthly readings. The largest monthly gain was +0.4% in March 2026.
Typical rent rose 5.9% over the past 12 months, from $4,936 to $5,225. It rose in 8 of 11 monthly readings. The largest monthly gain was +2.0% in June 2026.
How ZIP 10016 compares to New York
ZIP 10016's typical home value is 20.4% above the New York median of $767,944. ZIP 10016's typical rent is 66.6% above the New York median of $3,136. ZIP 10016's buyer competition is 70.2% below the New York median of 47.
How fast homes sell in ZIP 10016
Homes in ZIP 10016 typically go pending in about 123 days — about 19% slower than the metro median of 103 days.
Supply, pending activity, and competition
ZIP 10016 is around the 98th percentile of tracked local ZIPs for for-sale inventory. ZIP 10016 is around the 5th percentile of tracked local ZIPs for buyer competition. 71 homes went pending for every 100 new listings in the current reading. Supply and buyer competition did not produce a clear easing or tightening split. Over the 12 readings on record, inventory moved between 384 and 474 — a 90-point spread across 172 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 10010, 10017, 10001, 10022.
Continue your market research
- Is the New York Real Estate Market Cooling or Slowing Down?Read the related local market analysis.
- Is New York a Buyer's Market?Read the related local market analysis.
- All New York ZIP comparisonsCompare this market with another tracked ZIP or peer group.
- ZIP 10010 housing marketReview a nearby local market with the same core measures.
- ZIP 10017 housing marketReview a nearby local market with the same core measures.
- ZIP 10001 housing marketReview a nearby local market with the same core measures.
- New York housing market overviewReturn to the broader parent market.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules
Figures are updated monthly by the HomeMarketCap.com team under our editorial policy. Spotted something wrong? Report a correction.