Sunset Park, New York, NY—11220
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Sunset Park, New York, NY
Home Price Trends — Sunset Park, New York, NY
As of Oct '25, the median home price in Sunset Park, New York, NY is $922,000, with a year-over-year change of 2.2%. This indicates that home prices in Sunset Park, New York, NY are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $922,000 | 2.2% |
| Single Family | $1,362,000 | 4.5% |
| Condos | $565,000 | 2.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $474,000 | 3.0% |
2 Bed | $631,000 | 4.5% |
3 Bed | $947,000 | 1.6% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Sunset Park, New York, NY
As of July '25, Rentcast reports the average rent in Sunset Park, New York, NY is $2,780, with a year-over-year rent change of 6.9%. Per bedroom, the median rent as of July '25 in Sunset Park, New York, NY is studios: $1,750, 1-bedrooms: $2,320, 2-bedrooms: $2,770, 3-bedrooms: $3,080, 4-bedrooms: $3,180. The most common rental property sizes in Sunset Park, New York, NY are 2-bedroom and 3-bedroom, accounting for 43.7% and 25.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,780 |
| Studio Rent | $1,680 | $1,750 |
| 1 Bed Rent | $2,400 | $2,320 |
| 2 Bed Rent | $2,900 | $2,770 |
| 3 Bed Rent | $3,000 | $3,080 |
| 4 Bed Rent | $3,500 | $3,180 |
% of Rental Stock
Property Listings — Sunset Park, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Sunset Park, New York, NY is 118. This is a increase of 16.0% 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 6.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $674,000 | -2.0% |
Listing Count | 68 | -20.0% |
| Listings as % of Homes | 0.2% | -20.0% |
Days on Market | 118 | 16.0% |
Demographics — Sunset Park, New York, NY
As of the latest ACS Survey released in 2023, Sunset Park, New York, NY has a population of 90,800, which has decreased by -5.1% over the past 5 years. Sunset Park, New York, NY is a popular place for families, as children make up 25.2% of the population. The area has a moderately educated workforce, with 25.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 90,800 | -5.1% |
% Under 18 | 25.2% | 5.9% |
% Seniors | 14.1% | 28.2% |
% WFH | 10.7% | 613.3% |
% w/ College Degree | 25.4% | 21.5% |
As of the latest ACS Survey released in 2023, Sunset Park, New York, NY is a predominantly asian area, with 40.1% of the population identifying as asian. The asian population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Sunset Park, New York, NY is hispanic, making up 39.9% of the population. Foreign-born residents account for 52.0% of the population in Sunset Park, New York, NY, and this percentage has decreased by 6.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 16.2% | 14.9% |
% Black | 2.5% | -3.8% |
% Hispanic | 39.9% | -4.3% |
% Asian | 40.1% | -2.9% |
% Foreign Born | 52.0% | -6.1% |
Mortgage and Risk — Sunset Park, New York, NY
According to HUD data as of 2023, there were 116 mortgage originations in Sunset Park, New York, NY, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 2.0% above 90% LTV (normal). This implies small mortgage risk in Sunset Park, New York, NY. Investor activity is low, as 12.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 116 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 12.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Sunset Park, New York, NY
As of 2024, the percent of homes in Sunset Park, New York, NY under the Section 8 program is 6.5%. 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. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Sunset Park, New York, NY, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,587 |
Total Units Section 8 | 1,329 |
% Rentals under Section 8 | 6.5% |
% Occupied Section 8 | 92.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$190 | $2,400 | $2,210 |
| 2 Bedroom | -$420 | $2,900 | $2,480 |
| 3 Bedroom | $100 | $3,000 | $3,100 |
| 4 Bedroom | -$170 | $3,500 | $3,330 |
Affordability — Sunset Park, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 17.2 |
| Median Home Price | $922,000 |
| Median Household Income | $64,200 |