Affordable
Expensive
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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 $557,505, higher than the New York average of $481,023.
The average cost of rent is $1,485/mo in 10516, primarily driven by the current value of real estate in the 10516 area. While nearly 33.50% of residents own their homes outright in 10516, 21.08% rent.
Housing affordability isn’t just about home prices, though. The average household income in 10516 is $10,032 per month. Households that rent pay about 14.80% of their income on rent here. 10516's most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the zip.
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