South Richmond Hill, New York, NY—11419
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — South Richmond Hill, New York, NY
As of Oct '25, the median home price in South Richmond Hill, New York, NY is $745,000, with a year-over-year change of 2.4%. This indicates that home prices in South Richmond Hill, New York, NY are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $745,000 | 2.4% |
| Single Family | $746,000 | 2.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $737,000 | 3.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — South Richmond Hill, New York, NY
As of July '25, Rentcast reports the average rent in South Richmond Hill, New York, NY is $2,850, with a year-over-year rent change of 1.1%. Per bedroom, the median rent as of July '25 in South Richmond Hill, New York, NY is 1-bedrooms: $1,870, 2-bedrooms: $2,800, 3-bedrooms: $3,140. The most common rental property sizes in South Richmond Hill, New York, NY are 2-bedroom and 3-bedroom, accounting for 44.8% and 29.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $2,850 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,750 | $1,870 |
| 2 Bed Rent | $3,000 | $2,800 |
| 3 Bed Rent | $3,000 | $3,140 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — South Richmond Hill, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in South Richmond Hill, New York, NY is 49. This is a decrease of -12.0% 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 | $799,000 | 4.0% |
Listing Count | 56 | 74.0% |
| Listings as % of Homes | 0.2% | 74.0% |
Days on Market | 49 | -12.0% |
Demographics — South Richmond Hill, New York, NY
As of the latest ACS Survey released in 2023, South Richmond Hill, New York, NY has a population of 46,900, which has decreased by -5.4% over the past 5 years. South Richmond Hill, New York, NY is a moderately popular place for families, as children make up 16.8% of the population. The area has a poorly educated workforce, with 20.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 46,900 | -5.4% |
% Under 18 | 16.8% | -16.8% |
% Seniors | 17.7% | 53.9% |
% WFH | 6.3% | 425.0% |
% w/ College Degree | 20.7% | 4.0% |
As of the latest ACS Survey released in 2023, South Richmond Hill, New York, NY is a predominantly asian area, with 34.4% of the population identifying as asian. The asian population has grown by 5.5% in the last 5 years. The second most common race or ethnicity in South Richmond Hill, New York, NY is hispanic, making up 20.6% of the population. Foreign-born residents account for 65.7% of the population in South Richmond Hill, New York, NY, and this percentage has increased by 4.0% 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 | 3.6% | -16.3% |
% Black | 11.8% | -28.0% |
% Hispanic | 20.6% | 9.0% |
% Asian | 34.4% | 5.5% |
% Foreign Born | 65.7% | 4.0% |
Mortgage and Risk — South Richmond Hill, New York, NY
According to HUD data as of 2023, there were 156 mortgage originations in South Richmond Hill, New York, NY, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in South Richmond Hill, New York, NY. Investor activity is low, as 6.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 156 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — South Richmond Hill, New York, NY
South Richmond Hill, New York, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 135 |
Total Units Section 8 | 133 |
% Rentals under Section 8 | 2.3% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $810 | $1,750 | $2,560 |
| 2 Bedroom | -$170 | $3,000 | $2,830 |
| 3 Bedroom | $530 | $3,000 | $3,530 |
| 4 Bedroom | N/A | N/A | $3,810 |
Affordability — South Richmond Hill, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8 |
| Median Home Price | $745,000 |
| Median Household Income | $91,200 |