Gravesend, New York, NY—11223
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gravesend, New York, NY
As of Oct '25, the median home price in Gravesend, New York, NY is $1,044,000, with a year-over-year change of 3.8%. This indicates that home prices in Gravesend, New York, NY are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,044,000 | 3.8% |
| Single Family | $1,298,000 | 3.0% |
| Condos | $512,000 | 1.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $325,000 | -1.5% |
2 Bed | $653,000 | -2.1% |
3 Bed | $1,029,000 | 3.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Gravesend, New York, NY
As of July '25, Rentcast reports the average rent in Gravesend, New York, NY is $3,150, with a year-over-year rent change of -0.6%. Per bedroom, the median rent as of July '25 in Gravesend, New York, NY is 1-bedrooms: $2,480, 2-bedrooms: $2,820, 3-bedrooms: $3,370, 4-bedrooms: $5,500. The most common rental property sizes in Gravesend, New York, NY are 2-bedroom and 1-bedroom, accounting for 37.9% and 35.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $3,150 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,200 | $2,480 |
| 2 Bed Rent | $2,500 | $2,820 |
| 3 Bed Rent | $3,500 | $3,370 |
| 4 Bed Rent | $5,500 | $5,500 |
% of Rental Stock
Property Listings — Gravesend, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Gravesend, New York, NY is 110. This is a increase of 20.0% 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 5.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $500,000 | -11.0% |
Listing Count | 87 | -8.0% |
| Listings as % of Homes | 0.3% | -8.0% |
Days on Market | 110 | 20.0% |
Demographics — Gravesend, New York, NY
As of the latest ACS Survey released in 2023, Gravesend, New York, NY has a population of 78,600, which has decreased by -3.9% over the past 5 years. Gravesend, New York, NY is a popular place for families, as children make up 27.8% of the population. The area has a moderately educated workforce, with 33.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 78,600 | -3.9% |
% Under 18 | 27.8% | 12.6% |
% Seniors | 15.8% | 0.0% |
% WFH | 13.0% | 145.3% |
% w/ College Degree | 33.6% | 6.0% |
As of the latest ACS Survey released in 2023, Gravesend, New York, NY is a predominantly white area, with 51.0% of the population identifying as white. The white population has shrunk by 2.1% in the last 5 years. The second most common race or ethnicity in Gravesend, New York, NY is asian, making up 26.1% of the population. Foreign-born residents account for 46.2% of the population in Gravesend, New York, NY, and this percentage has decreased by 2.1% 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 | 51.0% | -2.1% |
% Black | 5.7% | 18.8% |
% Hispanic | 13.3% | -20.4% |
% Asian | 26.1% | 7.9% |
% Foreign Born | 46.2% | -2.1% |
Mortgage and Risk — Gravesend, New York, NY
According to HUD data as of 2023, there were 272 mortgage originations in Gravesend, New York, NY, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 1.0% above 90% LTV (normal). This implies small mortgage risk in Gravesend, New York, NY. Investor activity is low, as 6.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 272 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 6.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Gravesend, New York, NY
As of 2024, the percent of homes in Gravesend, New York, NY under the Section 8 program is 8.6%. 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 Gravesend, 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 | 2,814 |
Total Units Section 8 | 1,400 |
% Rentals under Section 8 | 8.6% |
% Occupied Section 8 | 87.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $180 | $2,200 | $2,380 |
| 2 Bedroom | $140 | $2,500 | $2,640 |
| 3 Bedroom | -$210 | $3,500 | $3,290 |
| 4 Bedroom | -$1,950 | $5,500 | $3,550 |
Affordability — Gravesend, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 15.1 |
| Median Home Price | $1,044,000 |
| Median Household Income | $64,000 |