New Dorp, New York, NY—10306
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Dorp, New York, NY
As of Oct '25, the median home price in New Dorp, New York, NY is $729,000, with a year-over-year change of 3.6%. This indicates that home prices in New Dorp, New York, NY are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $729,000 | 3.6% |
| Single Family | $741,000 | 3.6% |
| Condos | $410,000 | 2.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $358,000 | 0.8% |
2 Bed | $526,000 | 3.3% |
3 Bed | $736,000 | 3.2% |
4 Bed | $924,000 | 3.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — New Dorp, New York, NY
As of July '25, Rentcast reports the average rent in New Dorp, New York, NY is $2,640, with a year-over-year rent change of -10.2%. Per bedroom, the median rent as of July '25 in New Dorp, New York, NY is studios: $1,300, 1-bedrooms: $1,650, 2-bedrooms: $2,430, 3-bedrooms: $3,220, 4-bedrooms: $4,900. The most common rental property sizes in New Dorp, New York, NY are 2-bedroom and 3-bedroom, accounting for 37.3% and 27.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,640 |
| Studio Rent | $1,250 | $1,300 |
| 1 Bed Rent | $1,500 | $1,650 |
| 2 Bed Rent | $2,300 | $2,430 |
| 3 Bed Rent | $3,000 | $3,220 |
| 4 Bed Rent | $4,900 | $4,900 |
% of Rental Stock
Property Listings — New Dorp, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in New Dorp, New York, NY is 51. This is a decrease of -29.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $742,000 | 2.0% |
Listing Count | 216 | -11.0% |
| Listings as % of Homes | 0.6% | -11.0% |
Days on Market | 51 | -29.0% |
Demographics — New Dorp, New York, NY
As of the latest ACS Survey released in 2023, New Dorp, New York, NY has a population of 57,200, which has increased by 7.7% over the past 5 years. New Dorp, New York, NY is a moderately popular place for families, as children make up 21.3% of the population. The area has a moderately educated workforce, with 33.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 57,200 | 7.7% |
% Under 18 | 21.3% | 13.3% |
% Seniors | 18.6% | 4.5% |
% WFH | 11.3% | 391.3% |
% w/ College Degree | 33.6% | 13.5% |
As of the latest ACS Survey released in 2023, New Dorp, New York, NY is a predominantly white area, with 61.8% of the population identifying as white. The white population has shrunk by 17.2% in the last 5 years. The second most common race or ethnicity in New Dorp, New York, NY is hispanic, making up 17.5% of the population. Foreign-born residents account for 25.0% of the population in New Dorp, New York, NY, and this percentage has increased by 8.2% 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 | 61.8% | -17.2% |
% Black | 3.3% | 0.0% |
% Hispanic | 17.5% | 19.0% |
% Asian | 15.7% | 166.1% |
% Foreign Born | 25.0% | 8.2% |
Mortgage and Risk — New Dorp, New York, NY
According to HUD data as of 2023, there were 537 mortgage originations in New Dorp, New York, NY, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in New Dorp, New York, NY. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 537 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — New Dorp, New York, NY
As of 2024, the percent of homes in New Dorp, New York, NY under the Section 8 program is 5.5%. 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 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in New Dorp, New York, NY, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 803 |
Total Units Section 8 | 290 |
% Rentals under Section 8 | 5.5% |
% Occupied Section 8 | 88.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $750 | $1,500 | $2,250 |
| 2 Bedroom | $190 | $2,300 | $2,490 |
| 3 Bedroom | $100 | $3,000 | $3,100 |
| 4 Bedroom | -$1,550 | $4,900 | $3,350 |
Affordability — New Dorp, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7 |
| Median Home Price | $729,000 |
| Median Household Income | $97,700 |