Red Hook, New York, NY—11231
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Red Hook, New York, NY
As of Oct '25, the median home price in Red Hook, New York, NY is $1,694,000, with a year-over-year change of 1.0%. This indicates that home prices in Red Hook, New York, NY are flat. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,694,000 | 1.0% |
| Single Family | $2,980,000 | 3.3% |
| Condos | $1,408,000 | 0.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $1,020,000 | 1.3% |
2 Bed | $1,414,000 | 2.1% |
3 Bed | $2,283,000 | 2.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Red Hook, New York, NY
As of July '25, Rentcast reports the average rent in Red Hook, New York, NY is $4,970, with a year-over-year rent change of -2.5%. Per bedroom, the median rent as of July '25 in Red Hook, New York, NY is studios: $3,280, 1-bedrooms: $4,060, 2-bedrooms: $5,780, 3-bedrooms: $7,470, 4-bedrooms: $9,000. The most common rental property sizes in Red Hook, New York, NY are 1-bedroom and 2-bedroom, accounting for 39.0% and 36.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,450 | $4,970 |
| Studio Rent | $3,210 | $3,280 |
| 1 Bed Rent | $3,900 | $4,060 |
| 2 Bed Rent | $6,230 | $5,780 |
| 3 Bed Rent | $7,000 | $7,470 |
| 4 Bed Rent | $9,000 | $9,000 |
% of Rental Stock
Property Listings — Red Hook, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Red Hook, New York, NY is 37. This is a increase of 53.0% 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 | $2,350,000 | -6.0% |
Listing Count | 69 | -24.0% |
| Listings as % of Homes | 0.4% | -24.0% |
Days on Market | 37 | 53.0% |
Demographics — Red Hook, New York, NY
As of the latest ACS Survey released in 2023, Red Hook, New York, NY has a population of 39,700, which has increased by 4.9% over the past 5 years. Red Hook, New York, NY is a moderately popular place for families, as children make up 24.1% of the population. The area has a highly educated workforce, with 69.1% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 30.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 39,700 | 4.9% |
% Under 18 | 24.1% | 5.7% |
% Seniors | 10.9% | 2.8% |
% WFH | 30.7% | 288.6% |
% w/ College Degree | 69.1% | 9.9% |
As of the latest ACS Survey released in 2023, Red Hook, New York, NY is a predominantly white area, with 61.1% of the population identifying as white. The white population has grown by 5.3% in the last 5 years. The second most common race or ethnicity in Red Hook, New York, NY is hispanic, making up 15.8% of the population. Foreign-born residents account for 17.7% of the population in Red Hook, New York, NY, and this percentage has increased by 4.7% 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 | 61.1% | 5.3% |
% Black | 12.4% | -10.8% |
% Hispanic | 15.8% | -15.1% |
% Asian | 4.9% | -12.5% |
% Foreign Born | 17.7% | 4.7% |
Mortgage and Risk — Red Hook, New York, NY
According to HUD data as of 2023, there were 187 mortgage originations in Red Hook, New York, NY, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 0.0% above 90% LTV (normal). This implies small mortgage risk in Red Hook, New York, NY. Investor activity is low, as 5.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 187 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Red Hook, New York, NY
As of 2024, the percent of homes in Red Hook, New York, NY under the Section 8 program is 2.3%. 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 Red Hook, 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 | 3,124 |
Total Units Section 8 | 254 |
% Rentals under Section 8 | 2.3% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$320 | $3,900 | $3,580 |
| 2 Bedroom | -$2,270 | $6,230 | $3,960 |
| 3 Bedroom | -$2,060 | $7,000 | $4,940 |
| 4 Bedroom | -$3,680 | $9,000 | $5,320 |
Affordability — Red Hook, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 12.9 |
| Median Home Price | $1,694,000 |
| Median Household Income | $138,000 |