Roosevelt Island, New York, NY—10044
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Roosevelt Island, New York, NY
As of Oct '25, the median home price in Roosevelt Island, New York, NY is $914,000, with a year-over-year change of 4.2%. This indicates that home prices in Roosevelt Island, New York, NY are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $914,000 | 4.2% |
| Single Family | N/A | N/A |
| Condos | $923,000 | 3.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Roosevelt Island, New York, NY
As of July '25, Rentcast reports the average rent in Roosevelt Island, New York, NY is $4,710, with a year-over-year rent change of 3.7%. Per bedroom, the median rent as of July '25 in Roosevelt Island, New York, NY is studios: $3,560, 1-bedrooms: $4,280, 2-bedrooms: $5,370, 3-bedrooms: $6,610, 4-bedrooms: $6,300. The most common rental property sizes in Roosevelt Island, New York, NY are 2-bedroom and 1-bedroom, accounting for 34.3% and 31.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,350 | $4,710 |
| Studio Rent | $3,540 | $3,560 |
| 1 Bed Rent | $4,250 | $4,280 |
| 2 Bed Rent | $5,600 | $5,370 |
| 3 Bed Rent | $6,840 | $6,610 |
| 4 Bed Rent | $6,300 | $6,300 |
% of Rental Stock
Property Listings — Roosevelt Island, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Roosevelt Island, New York, NY is 80. This is a increase of 92.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $857,000 | -2.0% |
Listing Count | 23 | -24.0% |
| Listings as % of Homes | 0.2% | -24.0% |
Days on Market | 80 | 92.0% |
Demographics — Roosevelt Island, New York, NY
As of the latest ACS Survey released in 2023, Roosevelt Island, New York, NY has a population of 12,000, which has increased by 2.7% over the past 5 years. Roosevelt Island, New York, NY is a moderately popular place for families, as children make up 19.0% of the population. The area has a highly educated workforce, with 72.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,000 | 2.7% |
% Under 18 | 19.0% | 53.2% |
% Seniors | 18.3% | -4.7% |
% WFH | 21.0% | 707.7% |
% w/ College Degree | 72.0% | 14.6% |
As of the latest ACS Survey released in 2023, Roosevelt Island, New York, NY is a predominantly white area, with 41.3% of the population identifying as white. The white population has grown by 8.4% in the last 5 years. The second most common race or ethnicity in Roosevelt Island, New York, NY is asian, making up 29.5% of the population. Foreign-born residents account for 54.1% of the population in Roosevelt Island, New York, NY, and this percentage has increased by 6.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 41.3% | 8.4% |
% Black | 14.8% | 21.3% |
% Hispanic | 10.3% | -22.6% |
% Asian | 29.5% | -13.0% |
% Foreign Born | 54.1% | 6.3% |
Mortgage and Risk — Roosevelt Island, New York, NY
According to HUD data as of 2023, there were 17 mortgage originations in Roosevelt Island, New York, NY, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 0.0% above 90% LTV (normal). This implies small mortgage risk in Roosevelt Island, New York, NY. Investor activity is low, as 0.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 17 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Roosevelt Island, New York, NY
As of 2024, the percent of homes in Roosevelt Island, New York, NY under the Section 8 program is 19.6%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Roosevelt Island, New York, NY, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 887 |
Total Units Section 8 | 887 |
% Rentals under Section 8 | 19.6% |
% Occupied Section 8 | 91.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$480 | $4,250 | $3,770 |
| 2 Bedroom | -$1,430 | $5,600 | $4,170 |
| 3 Bedroom | -$1,640 | $6,840 | $5,200 |
| 4 Bedroom | -$690 | $6,300 | $5,610 |
Affordability — Roosevelt Island, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.5 |
| Median Home Price | $914,000 |
| Median Household Income | $106,000 |