City Island, New York, NY—10464
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — City Island, New York, NY
As of Oct '25, the median home price in City Island, New York, NY is $653,000, with a year-over-year change of 1.0%. This indicates that home prices in City Island, New York, NY are flat. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $653,000 | 1.0% |
| Single Family | $671,000 | 0.1% |
| Condos | $590,000 | 4.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $587,000 | 1.2% |
3 Bed | $723,000 | 0.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — City Island, New York, NY
As of July '25, Rentcast reports the average rent in City Island, New York, NY is $3,320, with a year-over-year rent change of 24.3%. Per bedroom, the median rent as of July '25 in City Island, New York, NY is studios: $2,400, 2-bedrooms: $3,100, 3-bedrooms: $3,900. The most common rental property sizes in City Island, New York, NY are 1-bedroom and 2-bedroom, accounting for 41.3% and 34.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,100 | $3,320 |
| Studio Rent | $2,400 | $2,400 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $3,100 | $3,100 |
| 3 Bed Rent | $3,300 | $3,900 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — City Island, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in City Island, New York, NY is 99. This is a increase of 95.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $700,000 | -2.0% |
Listing Count | 30 | 76.0% |
| Listings as % of Homes | 0.6% | 76.0% |
Days on Market | 99 | 95.0% |
Demographics — City Island, New York, NY
As of the latest ACS Survey released in 2023, City Island, New York, NY has a population of 4,270, which has decreased by -3.6% over the past 5 years. City Island, New York, NY is a less popular place for families, as children make up 13.0% of the population. The area has a highly educated workforce, with 45.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,270 | -3.6% |
% Under 18 | 13.0% | -25.3% |
% Seniors | 38.3% | 70.2% |
% WFH | 7.8% | 20.0% |
% w/ College Degree | 45.8% | 7.5% |
As of the latest ACS Survey released in 2023, City Island, New York, NY is a predominantly white area, with 58.3% of the population identifying as white. The white population has shrunk by 12.9% in the last 5 years. The second most common race or ethnicity in City Island, New York, NY is hispanic, making up 32.8% of the population. Foreign-born residents account for 22.7% of the population in City Island, New York, NY, and this percentage has increased by 89.2% 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 | 58.3% | -12.9% |
% Black | 1.4% | -48.1% |
% Hispanic | 32.8% | 30.2% |
% Asian | 2.1% | -61.8% |
% Foreign Born | 22.7% | 89.2% |
Mortgage and Risk — City Island, New York, NY
According to HUD data as of 2023, there were 39 mortgage originations in City Island, New York, NY, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in City Island, New York, NY. Investor activity is low, as 0.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 39 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 0.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — City Island, New York, NY
City Island, New York, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 159 |
Total Units Section 8 | 159 |
% Rentals under Section 8 | 22.9% |
% Occupied Section 8 | 93.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $2,420 |
| 2 Bedroom | -$420 | $3,100 | $2,680 |
| 3 Bedroom | $40 | $3,300 | $3,340 |
| 4 Bedroom | N/A | N/A | $3,600 |
Affordability — City Island, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.1 |
| Median Home Price | $653,000 |
| Median Household Income | $100,000 |