Bay Ridge, New York, NY—11209
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bay Ridge, New York, NY
As of Oct '25, the median home price in Bay Ridge, New York, NY is $806,000, with a year-over-year change of 5.3%. This indicates that home prices in Bay Ridge, 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 | $806,000 | 5.3% |
| Single Family | $1,364,000 | 7.0% |
| Condos | $443,000 | 5.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $366,000 | 7.0% |
2 Bed | $640,000 | 7.7% |
3 Bed | $1,246,000 | 5.5% |
4 Bed | $1,514,000 | 4.9% |
| 5 Bed | $1,939,000 | 5.0% |
% of Housing Stock
Rental Trends — Bay Ridge, New York, NY
As of July '25, Rentcast reports the average rent in Bay Ridge, New York, NY is $3,000, with a year-over-year rent change of 14.9%. Per bedroom, the median rent as of July '25 in Bay Ridge, New York, NY is studios: $2,140, 1-bedrooms: $2,330, 2-bedrooms: $3,040, 3-bedrooms: $3,810, 4-bedrooms: $5,020. The most common rental property sizes in Bay Ridge, New York, NY are 1-bedroom and 2-bedroom, accounting for 45.7% and 30.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,850 | $3,000 |
| Studio Rent | $2,000 | $2,140 |
| 1 Bed Rent | $2,300 | $2,330 |
| 2 Bed Rent | $2,950 | $3,040 |
| 3 Bed Rent | $3,700 | $3,810 |
| 4 Bed Rent | $5,650 | $5,020 |
% of Rental Stock
Property Listings — Bay Ridge, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Bay Ridge, New York, NY is 69. This is a decrease of -3.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $475,000 | -14.0% |
Listing Count | 212 | -3.0% |
| Listings as % of Homes | 0.7% | -3.0% |
Days on Market | 69 | -3.0% |
Demographics — Bay Ridge, New York, NY
As of the latest ACS Survey released in 2023, Bay Ridge, New York, NY has a population of 70,800, which has increased by 4.3% over the past 5 years. Bay Ridge, New York, NY is a moderately popular place for families, as children make up 19.8% of the population. The area has a highly educated workforce, with 52.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 70,800 | 4.3% |
% Under 18 | 19.8% | 7.0% |
% Seniors | 20.0% | 18.3% |
% WFH | 21.1% | 305.8% |
% w/ College Degree | 52.8% | 5.8% |
As of the latest ACS Survey released in 2023, Bay Ridge, New York, NY is a predominantly white area, with 60.5% of the population identifying as white. The white population has shrunk by 6.2% in the last 5 years. The second most common race or ethnicity in Bay Ridge, New York, NY is hispanic, making up 19.5% of the population. Foreign-born residents account for 31.8% of the population in Bay Ridge, New York, NY, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 60.5% | -6.2% |
% Black | 3.0% | -3.2% |
% Hispanic | 19.5% | 15.4% |
% Asian | 13.6% | 1.5% |
% Foreign Born | 31.8% | 0.0% |
Mortgage and Risk — Bay Ridge, New York, NY
According to HUD data as of 2023, there were 328 mortgage originations in Bay Ridge, New York, NY, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 3.0% above 90% LTV (normal). This implies small mortgage risk in Bay Ridge, New York, NY. Investor activity is low, as 4.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 328 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Bay Ridge, New York, NY
As of 2024, the percent of homes in Bay Ridge, New York, NY under the Section 8 program is 4.5%. 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 units appear to be good home sizes to consider for Section 8 housing in Bay Ridge, New York, NY, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 855 |
Total Units Section 8 | 854 |
% Rentals under Section 8 | 4.5% |
% Occupied Section 8 | 95.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $380 | $2,300 | $2,680 |
| 2 Bedroom | $20 | $2,950 | $2,970 |
| 3 Bedroom | $0 | $3,700 | $3,700 |
| 4 Bedroom | -$1,660 | $5,650 | $3,990 |
Affordability — Bay Ridge, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.2 |
| Median Home Price | $806,000 |
| Median Household Income | $92,700 |