New City, NY—10956
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New City, NY
As of Oct '25, the median home price in New City, NY is $783,000, with a year-over-year change of 2.2%. This indicates that home prices in New City, 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 | $783,000 | 2.2% |
| Single Family | $788,000 | 2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $481,000 | 1.9% |
3 Bed | $677,000 | 1.8% |
4 Bed | $809,000 | 2.8% |
| 5 Bed | $990,000 | 2.8% |
% of Housing Stock
Rental Trends — New City, NY
As of July '25, Rentcast reports the average rent in New City, NY is $3,730, with a year-over-year rent change of -16.2%. Per bedroom, the median rent as of July '25 in New City, NY is studios: $1,300, 1-bedrooms: $2,050, 4-bedrooms: $5,520. The most common rental property sizes in New City, NY are 1-bedroom and 4-bedroom, accounting for 39.8% and 23.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,500 | $3,730 |
| Studio Rent | $1,300 | $1,300 |
| 1 Bed Rent | $2,050 | $2,050 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $5,500 | $5,520 |
% of Rental Stock
Property Listings — New City, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in New City, NY is 31. This is a increase of 28.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $800,000 | -4.0% |
Listing Count | 132 | 91.0% |
| Listings as % of Homes | 0.3% | 91.0% |
Days on Market | 31 | 28.0% |
Demographics — New City, NY
As of the latest ACS Survey released in 2023, New City, NY has a population of 31,400, which has remained stable by -0.6% over the past 5 years. New City, NY is a moderately popular place for families, as children make up 23.7% of the population. The area has a highly educated workforce, with 58.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,400 | -0.6% |
% Under 18 | 23.7% | 12.3% |
% Seniors | 20.4% | 3.6% |
% WFH | 17.6% | 291.1% |
% w/ College Degree | 58.2% | 0.7% |
As of the latest ACS Survey released in 2023, New City, NY is a predominantly white area, with 58.4% of the population identifying as white. The white population has shrunk by 13.4% in the last 5 years. The second most common race or ethnicity in New City, NY is hispanic, making up 19.2% of the population. Foreign-born residents account for 22.8% of the population in New City, NY, and this percentage has increased by 13.4% 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 | 58.4% | -13.4% |
% Black | 6.6% | -30.5% |
% Hispanic | 19.2% | 90.1% |
% Asian | 12.8% | 14.3% |
% Foreign Born | 22.8% | 13.4% |
Mortgage and Risk — New City, NY
According to HUD data as of 2023, there were 420 mortgage originations in New City, NY, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in New City, NY. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 420 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — New City, NY
New City, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 154 |
Total Units Section 8 | 114 |
% Rentals under Section 8 | 19.2% |
% Occupied Section 8 | 93.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $610 | $2,050 | $2,660 |
| 2 Bedroom | N/A | N/A | $2,940 |
| 3 Bedroom | N/A | N/A | $3,660 |
| 4 Bedroom | -$1,550 | $5,500 | $3,950 |
Affordability — New City, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $783,000 |
| Median Household Income | $179,000 |