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 $490,927, with a typical rent of $2,813 per month. That puts the local home-value-to-annual-rent ratio at 14.5.
Key stats
- ZIP 10040 is around the 8th percentile of tracked local ZIPs for home value.
- ZIP 10040 is around the 11th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 14.5.
- Supply and buyer competition did not produce a clear easing or tightening split.
- ZIP 10040's typical home value is 36.1% below the New York median of $767,944.
- Typical home value
- $490,927
- Typical rent
- $2,813
- Homes for sale
- 38
- Buyer competition
- 18
- Listings with price cuts
- 13.4%
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 26th percentile of tracked local ZIPs for rent.
ZIP 10040 home value & rent trend (past 12 months)
Typical home value fell 0.1% over the past 12 months, from $491,493 to $490,927. It rose in 7 of 11 monthly readings. The largest monthly gain was +0.5% in February 2026.
Typical rent rose 5.1% over the past 12 months, from $2,676 to $2,813. It rose in 6 of 11 monthly readings. The largest monthly gain was +3.1% in May 2026.
How ZIP 10040 compares to New York
ZIP 10040's typical home value is 36.1% below the New York median of $767,944. ZIP 10040's typical rent is 10.3% below the New York median of $3,136. ZIP 10040's buyer competition is 61.7% below the New York median of 47.
Supply, pending activity, and competition
ZIP 10040 is around the 19th percentile of tracked local ZIPs for for-sale inventory. ZIP 10040 is around the 11th 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 172 comparable tracked ZIPs. Over the 11 readings on record, buyer competition moved between 16 and 28 — a 12-point spread across 172 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 10034, 10033, 10032, 10039.
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 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 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.