Coney Island, New York, NY—11224
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Coney Island, New York, NY
As of Oct '25, the median home price in Coney Island, New York, NY is $561,000, with a year-over-year change of 0.1%. This indicates that home prices in Coney Island, New York, NY are flat. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $561,000 | 0.1% |
| Single Family | $712,000 | -2.1% |
| Condos | $467,000 | -2.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $356,000 | 3.8% |
2 Bed | $492,000 | 2.7% |
3 Bed | $697,000 | 1.9% |
4 Bed | $761,000 | -0.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Coney Island, New York, NY
As of July '25, Rentcast reports the average rent in Coney Island, New York, NY is $3,510, with a year-over-year rent change of 8.3%. Per bedroom, the median rent as of July '25 in Coney Island, New York, NY is studios: $2,240, 1-bedrooms: $3,110, 2-bedrooms: $3,810, 3-bedrooms: $4,930. The most common rental property sizes in Coney Island, New York, NY are 1-bedroom and 2-bedroom, accounting for 37.0% and 32.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,400 | $3,510 |
| Studio Rent | $2,740 | $2,240 |
| 1 Bed Rent | $3,140 | $3,110 |
| 2 Bed Rent | $4,000 | $3,810 |
| 3 Bed Rent | $5,250 | $4,930 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Coney Island, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Coney Island, New York, NY is 58. This is a decrease of -34.0% 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 7.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $499,000 | 0.0% |
Listing Count | 81 | -21.0% |
| Listings as % of Homes | 0.4% | -21.0% |
Days on Market | 58 | -34.0% |
Demographics — Coney Island, New York, NY
As of the latest ACS Survey released in 2023, Coney Island, New York, NY has a population of 48,500, which has increased by 3.8% over the past 5 years. Coney Island, New York, NY is a moderately popular place for families, as children make up 21.8% of the population. The area has a moderately educated workforce, with 33.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 48,500 | 3.8% |
% Under 18 | 21.8% | 9.0% |
% Seniors | 28.2% | 9.3% |
% WFH | 13.9% | 396.4% |
% w/ College Degree | 33.5% | -6.4% |
As of the latest ACS Survey released in 2023, Coney Island, New York, NY is a predominantly white area, with 47.8% of the population identifying as white. The white population has shrunk by 6.3% in the last 5 years. The second most common race or ethnicity in Coney Island, New York, NY is black, making up 23.8% of the population. Foreign-born residents account for 48.2% of the population in Coney Island, New York, NY, and this percentage has increased by 8.3% 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 | 47.8% | -6.3% |
% Black | 23.8% | 5.8% |
% Hispanic | 18.5% | -9.3% |
% Asian | 8.5% | 44.1% |
% Foreign Born | 48.2% | 8.3% |
Mortgage and Risk — Coney Island, New York, NY
According to HUD data as of 2023, there were 115 mortgage originations in Coney Island, New York, NY, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Coney Island, New York, NY. Investor activity is low, as 1.0% 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 | 115 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Coney Island, New York, NY
Coney Island, New York, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 7,797 |
Total Units Section 8 | 3,329 |
% Rentals under Section 8 | 24.0% |
% Occupied Section 8 | 88.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$930 | $3,140 | $2,210 |
| 2 Bedroom | -$1,520 | $4,000 | $2,480 |
| 3 Bedroom | -$2,150 | $5,250 | $3,100 |
| 4 Bedroom | N/A | N/A | $3,330 |
Affordability — Coney Island, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 14.1 |
| Median Home Price | $561,000 |
| Median Household Income | $41,400 |