Canarsie, New York, NY—11236
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Canarsie, New York, NY
As of Oct '25, the median home price in Canarsie, New York, NY is $676,000, with a year-over-year change of 4.3%. This indicates that home prices in Canarsie, 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 | $676,000 | 4.3% |
| Single Family | $711,000 | 2.7% |
| Condos | $426,000 | 10.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $356,000 | 5.6% |
2 Bed | $541,000 | 3.4% |
3 Bed | $706,000 | 2.3% |
4 Bed | $770,000 | 3.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Canarsie, New York, NY
As of July '25, Rentcast reports the average rent in Canarsie, New York, NY is $2,720, with a year-over-year rent change of -7.5%. Per bedroom, the median rent as of July '25 in Canarsie, New York, NY is studios: $1,840, 1-bedrooms: $1,820, 2-bedrooms: $2,770, 3-bedrooms: $3,540, 4-bedrooms: $3,980. The most common rental property sizes in Canarsie, New York, NY are 2-bedroom and 3-bedroom, accounting for 53.6% and 21.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,690 | $2,720 |
| Studio Rent | $1,900 | $1,840 |
| 1 Bed Rent | $1,800 | $1,820 |
| 2 Bed Rent | $2,700 | $2,770 |
| 3 Bed Rent | $3,500 | $3,540 |
| 4 Bed Rent | $3,750 | $3,980 |
% of Rental Stock
Property Listings — Canarsie, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Canarsie, New York, NY is 89. 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $675,000 | 10.0% |
Listing Count | 109 | 57.0% |
| Listings as % of Homes | 0.2% | 57.0% |
Days on Market | 89 | 16.0% |
Demographics — Canarsie, New York, NY
As of the latest ACS Survey released in 2023, Canarsie, New York, NY has a population of 95,200, which has decreased by -5.1% over the past 5 years. Canarsie, New York, NY is a moderately popular place for families, as children make up 21.2% of the population. The area has a moderately educated workforce, with 28.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 95,200 | -5.1% |
% Under 18 | 21.2% | -5.4% |
% Seniors | 18.3% | 34.6% |
% WFH | 7.3% | 284.2% |
% w/ College Degree | 28.5% | 2.9% |
As of the latest ACS Survey released in 2023, Canarsie, New York, NY is a predominantly black area, with 80.4% of the population identifying as black. The black population has shrunk by 6.9% in the last 5 years. The second most common race or ethnicity in Canarsie, New York, NY is hispanic, making up 8.3% of the population. Foreign-born residents account for 44.8% of the population in Canarsie, New York, NY, and this percentage has decreased by 2.0% 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 | 3.7% | -14.0% |
% Black | 80.4% | -6.9% |
% Hispanic | 8.3% | 16.9% |
% Asian | 2.4% | -11.1% |
% Foreign Born | 44.8% | -2.0% |
Mortgage and Risk — Canarsie, New York, NY
According to HUD data as of 2023, there were 386 mortgage originations in Canarsie, New York, NY, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Canarsie, New York, NY. Investor activity is low, as 4.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 386 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Canarsie, New York, NY
As of 2024, the percent of homes in Canarsie, New York, NY under the Section 8 program is 4.9%. 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 units appear to be good home sizes to consider for Section 8 housing in Canarsie, New York, NY, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 3,547 |
Total Units Section 8 | 784 |
% Rentals under Section 8 | 4.9% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $570 | $1,800 | $2,370 |
| 2 Bedroom | -$80 | $2,700 | $2,620 |
| 3 Bedroom | -$230 | $3,500 | $3,270 |
| 4 Bedroom | -$230 | $3,750 | $3,520 |
Affordability — Canarsie, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.4 |
| Median Home Price | $676,000 |
| Median Household Income | $82,800 |