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These days, finding an affordable place to live in the 11516 area can be challenging. Home prices in 11516 are now at a median cost of $926,738, higher than the New York average of $610,895.
The average cost of rent is $2,016/mo in 11516, primarily driven by the current value of real estate in the 11516 area. In 11516, 29.94% of households rent, and 34.57% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 11516 is $10,287 per month. Households that rent pay about 19.59% of their income on rent here. 11516’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western 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
- 11559, NY: higher priced homes
- 11598, NY: higher priced homes
- 11096, NY: less expensive homes
- 11557, NY: equally priced homes
- 11581, NY: less expensive homes
- 11691, NY: less expensive homes
- 11422, NY: less expensive homes
- 11509, NY: equally priced homes
- 11518, NY: less expensive homes
- 11413, NY: less expensive homes
Zip Codes with Similar Populations
- 35962, AL: less expensive homes
- 46574, IN: less expensive homes
- 44233, OH: less expensive homes
- 44230, OH: less expensive homes
- 43764, OH: less expensive homes
- 00622, PR: less expensive homes
- 42320, KY: less expensive homes
- 39845, GA: less expensive homes
- 36345, AL: less expensive homes
- 46738, IN: less expensive homes
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