Sunset Park, New York, NY—11232
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 $796,000, with a year-over-year change of 2.8%. This indicates that home prices in Sunset Park, New York, NY are increasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $796,000 | 2.8% |
| Single Family | $1,358,000 | 0.5% |
| Condos | $602,000 | 0.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $529,000 | 3.9% |
2 Bed | $675,000 | 2.6% |
3 Bed | $1,004,000 | 1.8% |
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 $3,420, with a year-over-year rent change of 3.0%. Per bedroom, the median rent as of July '25 in Sunset Park, New York, NY is studios: $2,700, 1-bedrooms: $3,290, 2-bedrooms: $3,810, 3-bedrooms: $4,750. The most common rental property sizes in Sunset Park, New York, NY are 2-bedroom and 1-bedroom, accounting for 38.6% and 35.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,500 | $3,420 |
| Studio Rent | $2,500 | $2,700 |
| 1 Bed Rent | $3,570 | $3,290 |
| 2 Bed Rent | $3,500 | $3,810 |
| 3 Bed Rent | $3,700 | $4,750 |
| 4 Bed Rent | N/A | N/A |
% 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 89. This is a decrease of -48.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $917,000 | 36.0% |
Listing Count | 41 | -1.0% |
| Listings as % of Homes | 0.2% | -1.0% |
Days on Market | 89 | -48.0% |
Demographics — Sunset Park, New York, NY
As of the latest ACS Survey released in 2023, Sunset Park, New York, NY has a population of 26,700, which has decreased by -3.3% over the past 5 years. Sunset Park, New York, NY is a moderately popular place for families, as children make up 18.6% of the population. The area has a moderately educated workforce, with 36.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,700 | -3.3% |
% Under 18 | 18.6% | -13.1% |
% Seniors | 9.3% | 16.2% |
% WFH | 14.5% | 262.5% |
% w/ College Degree | 36.2% | 19.5% |
As of the latest ACS Survey released in 2023, Sunset Park, New York, NY is a predominantly hispanic area, with 52.1% of the population identifying as hispanic. The hispanic population has grown by 3.0% in the last 5 years. The second most common race or ethnicity in Sunset Park, New York, NY is white, making up 23.5% of the population. Foreign-born residents account for 38.2% of the population in Sunset Park, New York, NY, and this percentage has decreased by 3.3% 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 | 23.5% | 5.9% |
% Black | 7.3% | 14.1% |
% Hispanic | 52.1% | 3.0% |
% Asian | 15.0% | -21.5% |
% Foreign Born | 38.2% | -3.3% |
Mortgage and Risk — Sunset Park, New York, NY
According to HUD data as of 2023, there were 67 mortgage originations in Sunset Park, New York, NY, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 0.0% above 90% LTV (normal). This implies small mortgage risk in Sunset Park, New York, NY. Investor activity is low, as 4.0% 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 | 67 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Sunset Park, New York, NY
Sunset Park, New York, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 163 |
Total Units Section 8 | 161 |
% Rentals under Section 8 | 2.5% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$1,150 | $3,570 | $2,420 |
| 2 Bedroom | -$820 | $3,500 | $2,680 |
| 3 Bedroom | -$360 | $3,700 | $3,340 |
| 4 Bedroom | N/A | N/A | $3,600 |
Affordability — Sunset Park, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9 |
| Median Home Price | $796,000 |
| Median Household Income | $87,500 |