Boerum Hill, New York, NY—11217
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Boerum Hill, New York, NY
As of Oct '25, the median home price in Boerum Hill, New York, NY is $1,507,000, with a year-over-year change of 4.9%. This indicates that home prices in Boerum Hill, New York, NY are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,507,000 | 4.9% |
| Single Family | $3,025,000 | 7.8% |
| Condos | $1,325,000 | 5.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $937,000 | 1.5% |
2 Bed | $1,427,000 | 3.8% |
3 Bed | $2,316,000 | 4.6% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Boerum Hill, New York, NY
As of July '25, Rentcast reports the average rent in Boerum Hill, New York, NY is $4,850, with a year-over-year rent change of 1.5%. Per bedroom, the median rent as of July '25 in Boerum Hill, New York, NY is studios: $3,570, 1-bedrooms: $4,360, 2-bedrooms: $6,200, 3-bedrooms: $7,590, 4-bedrooms: $8,990. The most common rental property sizes in Boerum Hill, New York, NY are 1-bedroom and 2-bedroom, accounting for 40.1% and 30.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,500 | $4,850 |
| Studio Rent | $3,520 | $3,570 |
| 1 Bed Rent | $4,430 | $4,360 |
| 2 Bed Rent | $6,280 | $6,200 |
| 3 Bed Rent | $7,500 | $7,590 |
| 4 Bed Rent | $8,980 | $8,990 |
% of Rental Stock
Property Listings — Boerum Hill, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Boerum Hill, New York, NY is 51. This is a increase of 37.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,620,000 | -3.0% |
Listing Count | 160 | 25.0% |
| Listings as % of Homes | 0.5% | 25.0% |
Days on Market | 51 | 37.0% |
Demographics — Boerum Hill, New York, NY
As of the latest ACS Survey released in 2023, Boerum Hill, New York, NY has a population of 42,600, which has increased by 2.8% over the past 5 years. Boerum Hill, New York, NY is a moderately popular place for families, as children make up 18.3% of the population. The area has a highly educated workforce, with 73.0% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 32.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 42,600 | 2.8% |
% Under 18 | 18.3% | 0.0% |
% Seniors | 11.9% | 14.4% |
% WFH | 32.1% | 248.9% |
% w/ College Degree | 73.0% | 9.8% |
As of the latest ACS Survey released in 2023, Boerum Hill, New York, NY is a predominantly white area, with 49.5% of the population identifying as white. The white population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Boerum Hill, New York, NY is black, making up 17.6% of the population. Foreign-born residents account for 19.1% of the population in Boerum Hill, New York, NY, and this percentage has increased by 10.4% 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 | 49.5% | -2.8% |
% Black | 17.6% | -10.7% |
% Hispanic | 15.9% | -14.1% |
% Asian | 9.5% | 25.0% |
% Foreign Born | 19.1% | 10.4% |
Mortgage and Risk — Boerum Hill, New York, NY
According to HUD data as of 2023, there were 239 mortgage originations in Boerum Hill, New York, NY, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 1.0% above 90% LTV (normal). This implies small mortgage risk in Boerum Hill, New York, NY. Investor activity is low, as 2.0% 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 | 239 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 2.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Boerum Hill, New York, NY
As of 2024, the percent of homes in Boerum Hill, New York, NY under the Section 8 program is 4.7%. 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 Boerum Hill, 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 | 2,408 |
Total Units Section 8 | 710 |
% Rentals under Section 8 | 4.7% |
% Occupied Section 8 | 88.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$660 | $4,430 | $3,770 |
| 2 Bedroom | -$2,110 | $6,280 | $4,170 |
| 3 Bedroom | -$2,300 | $7,500 | $5,200 |
| 4 Bedroom | -$3,370 | $8,980 | $5,610 |
Affordability — Boerum Hill, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.5 |
| Median Home Price | $1,507,000 |
| Median Household Income | $158,000 |