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These days, finding an affordable place to live in the 10516 area can be challenging. Home prices in 10516 are now at a median cost of $653,061, higher than the New York average of $610,895.
The average cost of rent is $2,030/mo in 10516, primarily driven by the current value of real estate in the 10516 area. In 10516, 24.55% of households rent, and 40.46% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 10516 is $12,096 per month. Households that rent pay about 16.78% of their income on rent here. 10516’s most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
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