Park Slope, New York, NY—11215
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Park Slope, New York, NY
As of Oct '25, the median home price in Park Slope, New York, NY is $1,417,000, with a year-over-year change of 3.8%. This indicates that home prices in Park Slope, 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 | $1,417,000 | 3.8% |
| Single Family | $2,561,000 | 4.4% |
| Condos | $1,216,000 | 4.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $818,000 | 4.3% |
2 Bed | $1,287,000 | 4.0% |
3 Bed | $1,985,000 | 3.5% |
4 Bed | $3,010,000 | 0.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Park Slope, New York, NY
As of July '25, Rentcast reports the average rent in Park Slope, New York, NY is $4,740, with a year-over-year rent change of 8.5%. Per bedroom, the median rent as of July '25 in Park Slope, New York, NY is studios: $3,270, 1-bedrooms: $4,080, 2-bedrooms: $5,490, 3-bedrooms: $6,450, 4-bedrooms: $7,060. The most common rental property sizes in Park Slope, New York, NY are 2-bedroom and 1-bedroom, accounting for 41.0% and 38.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,400 | $4,740 |
| Studio Rent | $3,180 | $3,270 |
| 1 Bed Rent | $4,000 | $4,080 |
| 2 Bed Rent | $5,200 | $5,490 |
| 3 Bed Rent | $6,500 | $6,450 |
| 4 Bed Rent | $6,500 | $7,060 |
% of Rental Stock
Property Listings — Park Slope, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Park Slope, New York, NY is 46. This is a increase of 11.0% 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 | $1,200,000 | -23.0% |
Listing Count | 204 | -2.0% |
| Listings as % of Homes | 0.4% | -2.0% |
Days on Market | 46 | 11.0% |
Demographics — Park Slope, New York, NY
As of the latest ACS Survey released in 2023, Park Slope, New York, NY has a population of 70,900, which has increased by 1.1% over the past 5 years. Park Slope, New York, NY is a moderately popular place for families, as children make up 21.6% of the population. The area has a highly educated workforce, with 80.2% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 33.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 70,900 | 1.1% |
% Under 18 | 21.6% | 1.9% |
% Seniors | 11.5% | 10.6% |
% WFH | 33.0% | 254.8% |
% w/ College Degree | 80.2% | 6.2% |
As of the latest ACS Survey released in 2023, Park Slope, New York, NY is a predominantly white area, with 67.3% of the population identifying as white. The white population has grown by 0.6% in the last 5 years. The second most common race or ethnicity in Park Slope, New York, NY is hispanic, making up 14.5% of the population. Foreign-born residents account for 18.3% of the population in Park Slope, New York, NY, and this percentage has increased by 6.4% 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 | 67.3% | 0.6% |
% Black | 3.6% | -21.7% |
% Hispanic | 14.5% | -11.0% |
% Asian | 9.1% | 15.2% |
% Foreign Born | 18.3% | 6.4% |
Mortgage and Risk — Park Slope, New York, NY
According to HUD data as of 2023, there were 399 mortgage originations in Park Slope, New York, NY, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 1.0% above 90% LTV (normal). This implies small mortgage risk in Park Slope, New York, NY. Investor activity is low, as 3.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 399 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Park Slope, New York, NY
As of 2024, the percent of homes in Park Slope, New York, NY under the Section 8 program is 1.8%. 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. In Park Slope, New York, NY, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 367 |
Total Units Section 8 | 340 |
% Rentals under Section 8 | 1.8% |
% Occupied Section 8 | 93.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$230 | $4,000 | $3,770 |
| 2 Bedroom | -$1,030 | $5,200 | $4,170 |
| 3 Bedroom | -$1,300 | $6,500 | $5,200 |
| 4 Bedroom | -$890 | $6,500 | $5,610 |
Affordability — Park Slope, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.6 |
| Median Home Price | $1,417,000 |
| Median Household Income | $181,000 |