Hunts Point, NY10474

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$415,000
N/A
Median Household Income
$41,300
61.9% 5-Year Growth
Days on Market
89
N/A
Home Price Forecast
N/A
Median Rent
$3,460
9.3% YoY Growth
1-Bed Rent
$1,500
11.3% YoY Growth
2-Bed Rent
$2,400
N/A
3-Bed Rent
$3,460
0.6% YoY Growth

Property Listings — Hunts Point, NY

Hunts Point, NY lacks sufficient listing trend data for analysis.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$415,000N/A
Listing Count
2N/A
Listings as % of HomesN/AN/A
Days on Market
89N/A
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Demographics — Hunts Point, NY

As of the latest ACS Survey released in 2023, Hunts Point, NY has a population of 11,200, which has decreased by -7.7% over the past 5 years. Hunts Point, NY is a popular place for families, as children make up 27.8% of the population. The area has a poorly educated workforce, with 15.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.4% reporting working from home.

MetricLatest CensusYoY % Change
Population
11,200-7.7%
% Under 18
27.8%-4.5%
% Seniors
9.9%32.0%
% WFH
4.4%-21.4%
% w/ College Degree
15.0%29.3%
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As of the latest ACS Survey released in 2023, Hunts Point, NY is a predominantly hispanic area, with 71.5% of the population identifying as hispanic. The hispanic population has grown by 12.8% in the last 5 years. The second most common race or ethnicity in Hunts Point, NY is black, making up 30.7% of the population. Foreign-born residents account for 27.3% of the population in Hunts Point, NY, and this percentage has decreased by 27.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

MetricLatest Census5-Year % Change
% White
1.8%50.0%
% Black
30.7%-22.1%
% Hispanic
71.5%12.8%
% Asian
0.4%300.0%
% Foreign Born
27.3%-27.8%
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Mortgage and Risk — Hunts Point, NY

According to HUD data as of 2023, there were 8 mortgage originations in Hunts Point, NY, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Hunts Point, NY. Investor activity is high, as 25.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

MetricZip Code Average
Total Loan Originations
8
% Conventional Loans
75.0%
% Government Loans
25.0%
% Investor Loans
25.0%
% Second Loans
0.0%
% Cash Out Refinance
12.0%

Loan Activity

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Rentals and Section 8 — Hunts Point, NY

Hunts Point, NY lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD
1,070
Total Units Section 8
957
% Rentals under Section 8
N/A
% Occupied Section 8
89.2%

Section 8 Opportunity

Home SizeHUD PremiumMarket RentMax HUD Rent
1 Bedroom$710$1,500$2,210
2 Bedroom$80$2,400$2,480
3 Bedroom-$360$3,460$3,100
4 Bedroom-$470$3,800$3,330

Affordability — Hunts Point, NY

Home Price to Income Ratio

MetricZip Code Average
Home Price to Income RatioN/A
Median Home PriceN/A
Median Household Income$41,300

Hunts Point, NY — ZIP Code Boundary Map

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Frequently Asked Questions