South Beach, New York, NY—10305
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — South Beach, New York, NY
As of Oct '25, the median home price in South Beach, New York, NY is $708,000, with a year-over-year change of 3.2%. This indicates that home prices in South Beach, New York, NY are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $708,000 | 3.2% |
| Single Family | $720,000 | 3.3% |
| Condos | $500,000 | 4.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $584,000 | 3.5% |
3 Bed | $730,000 | 3.1% |
4 Bed | $838,000 | 3.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — South Beach, New York, NY
As of July '25, Rentcast reports the average rent in South Beach, New York, NY is $2,980, with a year-over-year rent change of 9.6%. Per bedroom, the median rent as of July '25 in South Beach, New York, NY is studios: $2,950, 1-bedrooms: $2,120, 2-bedrooms: $2,570, 3-bedrooms: $3,610, 4-bedrooms: $3,200. The most common rental property sizes in South Beach, New York, NY are 1-bedroom and 2-bedroom, accounting for 35.2% and 31.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,980 |
| Studio Rent | $2,400 | $2,950 |
| 1 Bed Rent | $1,600 | $2,120 |
| 2 Bed Rent | $2,500 | $2,570 |
| 3 Bed Rent | $3,000 | $3,610 |
| 4 Bed Rent | $3,200 | $3,200 |
% of Rental Stock
Property Listings — South Beach, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in South Beach, New York, NY is 68. This is a increase of 23.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $746,000 | 1.0% |
Listing Count | 154 | 14.0% |
| Listings as % of Homes | 0.6% | 14.0% |
Days on Market | 68 | 23.0% |
Demographics — South Beach, New York, NY
As of the latest ACS Survey released in 2023, South Beach, New York, NY has a population of 41,700, which has decreased by -1.4% over the past 5 years. South Beach, New York, NY is a moderately popular place for families, as children make up 18.0% of the population. The area has a moderately educated workforce, with 31.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 41,700 | -1.4% |
% Under 18 | 18.0% | -14.3% |
% Seniors | 20.0% | 34.2% |
% WFH | 6.3% | 117.2% |
% w/ College Degree | 31.9% | -5.1% |
As of the latest ACS Survey released in 2023, South Beach, New York, NY is a predominantly white area, with 57.8% of the population identifying as white. The white population has shrunk by 7.2% in the last 5 years. The second most common race or ethnicity in South Beach, New York, NY is asian, making up 20.7% of the population. Foreign-born residents account for 36.4% of the population in South Beach, New York, NY, and this percentage has increased by 8.0% 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 | 57.8% | -7.2% |
% Black | 3.0% | -53.8% |
% Hispanic | 15.5% | -5.5% |
% Asian | 20.7% | 59.2% |
% Foreign Born | 36.4% | 8.0% |
Mortgage and Risk — South Beach, New York, NY
According to HUD data as of 2023, there were 290 mortgage originations in South Beach, New York, NY, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 4.0% above 90% LTV (normal). This implies small mortgage risk in South Beach, New York, NY. Investor activity is low, as 3.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 290 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — South Beach, New York, NY
As of 2024, the percent of homes in South Beach, New York, NY under the Section 8 program is 6.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in South Beach, New York, NY, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,049 |
Total Units Section 8 | 353 |
% Rentals under Section 8 | 6.6% |
% Occupied Section 8 | 90.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $640 | $1,600 | $2,240 |
| 2 Bedroom | -$20 | $2,500 | $2,480 |
| 3 Bedroom | $100 | $3,000 | $3,100 |
| 4 Bedroom | $130 | $3,200 | $3,330 |
Affordability — South Beach, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.6 |
| Median Home Price | $708,000 |
| Median Household Income | $86,300 |