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These days, finding an affordable place to live in the 12116 area can be challenging. Home prices in 12116 are now at a median cost of $187,261, lower than the New York average of $610,895.
The average cost of rent is $1,323/mo in 12116, primarily driven by the current value of real estate in the 12116 area. In 12116, 14.31% of households rent, and 54.96% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 12116 is $6,147 per month. Households that rent pay about 21.53% of their income on rent here. 12116’s most expensive areas are in the western regions, while the cheapest areas are in the northwestern 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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Zip Codes with Similar Populations
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