East New York, New York, NY—11208
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in East New York, New York, NY
Home Price Trends — East New York, New York, NY
As of Oct '25, the median home price in East New York, New York, NY is $706,000, with a year-over-year change of 1.4%. This indicates that home prices in East New York, New York, NY are increasing. 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 | $706,000 | 1.4% |
| Single Family | $715,000 | 1.6% |
| Condos | $486,000 | 7.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $637,000 | 1.8% |
3 Bed | $700,000 | 2.3% |
4 Bed | $756,000 | 3.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — East New York, New York, NY
As of July '25, Rentcast reports the average rent in East New York, New York, NY is $3,190, with a year-over-year rent change of 3.2%. Per bedroom, the median rent as of July '25 in East New York, New York, NY is 1-bedrooms: $1,860, 2-bedrooms: $2,770, 3-bedrooms: $3,560, 4-bedrooms: $4,040. The most common rental property sizes in East New York, New York, NY are 2-bedroom and 3-bedroom, accounting for 49.7% and 24.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,200 | $3,190 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,850 | $1,860 |
| 2 Bed Rent | $2,800 | $2,770 |
| 3 Bed Rent | $3,500 | $3,560 |
| 4 Bed Rent | $3,700 | $4,040 |
% of Rental Stock
Property Listings — East New York, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in East New York, New York, NY is 91. This is a decrease of -4.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $720,000 | 6.0% |
Listing Count | 59 | 38.0% |
| Listings as % of Homes | 0.1% | 38.0% |
Days on Market | 91 | -4.0% |
Demographics — East New York, New York, NY
As of the latest ACS Survey released in 2023, East New York, New York, NY has a population of 107,000, which has increased by 8.4% over the past 5 years. East New York, New York, NY is a popular place for families, as children make up 26.5% of the population. The area has a poorly educated workforce, with 15.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 107,000 | 8.4% |
% Under 18 | 26.5% | -2.6% |
% Seniors | 12.2% | 34.1% |
% WFH | 8.7% | 411.8% |
% w/ College Degree | 15.8% | 7.5% |
As of the latest ACS Survey released in 2023, East New York, New York, NY is a predominantly black area, with 44.9% of the population identifying as black. The black population has shrunk by 17.5% in the last 5 years. The second most common race or ethnicity in East New York, New York, NY is hispanic, making up 39.3% of the population. Foreign-born residents account for 40.4% of the population in East New York, New York, NY, and this percentage has increased by 4.7% 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 | 2.5% | 4.2% |
% Black | 44.9% | -17.5% |
% Hispanic | 39.3% | -4.8% |
% Asian | 10.5% | 84.2% |
% Foreign Born | 40.4% | 4.7% |
Mortgage and Risk — East New York, New York, NY
According to HUD data as of 2023, there were 218 mortgage originations in East New York, New York, NY, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in East New York, New York, NY. Investor activity is low, as 9.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 218 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 9.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — East New York, New York, NY
As of 2024, the percent of homes in East New York, New York, NY under the Section 8 program is 10.9%. 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 units appear to be good home sizes to consider for Section 8 housing in East New York, New York, NY, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 5,779 |
Total Units Section 8 | 2,762 |
% Rentals under Section 8 | 10.9% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $390 | $1,850 | $2,240 |
| 2 Bedroom | -$320 | $2,800 | $2,480 |
| 3 Bedroom | -$400 | $3,500 | $3,100 |
| 4 Bedroom | -$370 | $3,700 | $3,330 |
Affordability — East New York, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10.9 |
| Median Home Price | $706,000 |
| Median Household Income | $60,000 |