Arverne, New York, NY—11692
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Arverne, New York, NY
As of Oct '25, the median home price in Arverne, New York, NY is $616,000, with a year-over-year change of 2.2%. This indicates that home prices in Arverne, New York, NY are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $616,000 | 2.2% |
| Single Family | $624,000 | 1.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $510,000 | -1.0% |
3 Bed | $625,000 | 1.1% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Arverne, New York, NY
As of July '25, Rentcast reports the average rent in Arverne, New York, NY is $3,590, with a year-over-year rent change of 16.2%. Per bedroom, the median rent as of July '25 in Arverne, New York, NY is studios: $2,800, 1-bedrooms: $2,620, 2-bedrooms: $3,030, 3-bedrooms: $3,860, 4-bedrooms: $4,000. The most common rental property sizes in Arverne, New York, NY are 2-bedroom and 1-bedroom, accounting for 40.8% and 28.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,600 | $3,590 |
| Studio Rent | $2,800 | $2,800 |
| 1 Bed Rent | $2,250 | $2,620 |
| 2 Bed Rent | $3,000 | $3,030 |
| 3 Bed Rent | $3,700 | $3,860 |
| 4 Bed Rent | $4,000 | $4,000 |
% of Rental Stock
Property Listings — Arverne, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Arverne, New York, NY is 144. This is a increase of 41.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $590,000 | 0.0% |
Listing Count | 20 | 51.0% |
| Listings as % of Homes | 0.2% | 51.0% |
Days on Market | 144 | 41.0% |
Demographics — Arverne, New York, NY
As of the latest ACS Survey released in 2023, Arverne, New York, NY has a population of 23,200, which has increased by 10.7% over the past 5 years. Arverne, New York, NY is a popular place for families, as children make up 28.7% of the population. The area has a moderately educated workforce, with 26.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,200 | 10.7% |
% Under 18 | 28.7% | 1.8% |
% Seniors | 13.4% | 9.8% |
% WFH | 7.7% | 541.7% |
% w/ College Degree | 26.5% | 13.2% |
As of the latest ACS Survey released in 2023, Arverne, New York, NY is a predominantly black area, with 55.7% of the population identifying as black. The black population has shrunk by 8.5% in the last 5 years. The second most common race or ethnicity in Arverne, New York, NY is hispanic, making up 24.1% of the population. Foreign-born residents account for 31.2% of the population in Arverne, New York, NY, and this percentage has decreased by 1.9% 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 | 12.5% | 25.0% |
% Black | 55.7% | -8.5% |
% Hispanic | 24.1% | -1.2% |
% Asian | 5.6% | -1.8% |
% Foreign Born | 31.2% | -1.9% |
Mortgage and Risk — Arverne, New York, NY
According to HUD data as of 2023, there were 96 mortgage originations in Arverne, New York, NY, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Arverne, New York, NY. Investor activity is low, as 6.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 96 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Arverne, New York, NY
As of 2024, the percent of homes in Arverne, New York, NY under the Section 8 program is 35.8%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Arverne, 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 | 2,567 |
Total Units Section 8 | 1,971 |
% Rentals under Section 8 | 35.8% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$40 | $2,250 | $2,210 |
| 2 Bedroom | -$520 | $3,000 | $2,480 |
| 3 Bedroom | -$600 | $3,700 | $3,100 |
| 4 Bedroom | -$670 | $4,000 | $3,330 |
Affordability — Arverne, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 11.7 |
| Median Home Price | $616,000 |
| Median Household Income | $49,500 |