Murray Hill, New York, NY—11358
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Murray Hill, New York, NY
Home Price Trends — Murray Hill, New York, NY
As of Oct '25, the median home price in Murray Hill, New York, NY is $1,052,000, with a year-over-year change of 2.8%. This indicates that home prices in Murray Hill, New York, NY are increasing. 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 | $1,052,000 | 2.8% |
| Single Family | $1,089,000 | 2.5% |
| Condos | $395,000 | 8.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $389,000 | 10.8% |
2 Bed | $734,000 | -0.8% |
3 Bed | $1,047,000 | 2.5% |
4 Bed | $1,193,000 | 1.8% |
| 5 Bed | $1,401,000 | 1.5% |
% of Housing Stock
Rental Trends — Murray Hill, New York, NY
As of July '25, Rentcast reports the average rent in Murray Hill, New York, NY is $2,890, with a year-over-year rent change of 7.8%. Per bedroom, the median rent as of July '25 in Murray Hill, New York, NY is studios: $3,120, 1-bedrooms: $2,380, 2-bedrooms: $2,560, 3-bedrooms: $3,410, 4-bedrooms: $3,520. The most common rental property sizes in Murray Hill, New York, NY are 2-bedroom and 1-bedroom, accounting for 37.3% and 32.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,750 | $2,890 |
| Studio Rent | $2,850 | $3,120 |
| 1 Bed Rent | $2,300 | $2,380 |
| 2 Bed Rent | $2,500 | $2,560 |
| 3 Bed Rent | $3,200 | $3,410 |
| 4 Bed Rent | $3,250 | $3,520 |
% of Rental Stock
Property Listings — Murray Hill, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Murray Hill, New York, NY is 63. This is a increase of 26.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,110,000 | -5.0% |
Listing Count | 90 | 36.0% |
| Listings as % of Homes | 0.4% | 36.0% |
Days on Market | 63 | 26.0% |
Demographics — Murray Hill, New York, NY
As of the latest ACS Survey released in 2023, Murray Hill, New York, NY has a population of 36,500, which has decreased by -1.9% over the past 5 years. Murray Hill, New York, NY is a moderately popular place for families, as children make up 18.9% of the population. The area has a moderately educated workforce, with 37.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,500 | -1.9% |
% Under 18 | 18.9% | 8.0% |
% Seniors | 20.1% | 4.7% |
% WFH | 11.5% | 360.0% |
% w/ College Degree | 37.3% | 19.9% |
As of the latest ACS Survey released in 2023, Murray Hill, New York, NY is a predominantly asian area, with 49.2% of the population identifying as asian. The asian population has grown by 4.5% in the last 5 years. The second most common race or ethnicity in Murray Hill, New York, NY is white, making up 27.9% of the population. Foreign-born residents account for 50.4% of the population in Murray Hill, New York, NY, and this percentage has increased by 1.0% 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 | 27.9% | -16.7% |
% Black | 0.8% | -11.1% |
% Hispanic | 17.2% | 2.4% |
% Asian | 49.2% | 4.5% |
% Foreign Born | 50.4% | 1.0% |
Mortgage and Risk — Murray Hill, New York, NY
According to HUD data as of 2023, there were 167 mortgage originations in Murray Hill, New York, NY, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 1.0% above 90% LTV (normal). This implies small mortgage risk in Murray Hill, New York, NY. Investor activity is low, as 1.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 167 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Murray Hill, New York, NY
As of 2024, the percent of homes in Murray Hill, New York, NY under the Section 8 program is 0.5%. 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 Murray Hill, New York, NY, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 28 |
Total Units Section 8 | 28 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $330 | $2,300 | $2,630 |
| 2 Bedroom | $410 | $2,500 | $2,910 |
| 3 Bedroom | $430 | $3,200 | $3,630 |
| 4 Bedroom | $660 | $3,250 | $3,910 |
Affordability — Murray Hill, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 11.2 |
| Median Home Price | $1,052,000 |
| Median Household Income | $88,700 |