Babylon, NY 11702 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Babylon, NY—11702

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$715,000

0.5% YoY Growth

Household Income

$137,000

10.3% YoY Growth

Days on Market

26.0% Longer YoY

Home Price Forecast

1.4%

Median Rent

$2,730

13.4% YoY Growth

1-Bed Rent

$2,540

5.6% YoY Growth

2-Bed Rent

$2,800

7.6% YoY Growth

3-Bed Rent

$4,200

32.7% YoY Growth

Home Price Trends — Babylon, NY

As of Dec '25, the median home price in Babylon, NY is $715,000, with a year-over-year change of -0.5%. This indicates that home prices in Babylon, NY are flat. 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	$715,000	-0.5%
Single Family	$719,000	-1.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Babylon, NY

As of July '25, Rentcast reports the average rent in Babylon, NY is $3,050, with a year-over-year rent change of 13.4%. Per bedroom, the median rent as of July '25 in Babylon, NY is 1-bedrooms: $2,460, 2-bedrooms: $2,790, 3-bedrooms: $5,110, 4-bedrooms: $7,250. The most common rental property sizes in Babylon, NY are 1-bedroom and 2-bedroom, accounting for 38.0% and 30.1% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,730	$3,050
Studio Rent	N/A	N/A
1 Bed Rent	$2,540	$2,460
2 Bed Rent	$2,800	$2,790
3 Bed Rent	$4,200	$5,110
4 Bed Rent	$4,500	$7,250

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% of Rental Stock

Studio

8.3%

1 Bedroom

38.0%

2 Bedrooms

30.1%

3 Bedrooms

14.5%

4 Bedrooms

6.6%

5+ Bedrooms

2.5%

Property Listings — Babylon, NY

As of Dec '25, Realtor.com reports that the median days on market for a home in Babylon, NY is 86. This is a increase of 60.0% 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	$861,000	-2.0%
Listing Count	30	-6.0%
Listings as % of Homes	0.5%	-6.0%
Days on Market	68	26.0%

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Demographics — Babylon, NY

As of the latest ACS Survey released in 2023, Babylon, NY has a population of 14,000, which has increased by 1.6% over the past 5 years. Babylon, NY is a moderately popular place for families, as children make up 17.5% of the population. The area has a highly educated workforce, with 53.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	14,000	1.6%
% Under 18	17.5%	-8.4%
% Seniors	20.9%	40.3%
% WFH	16.0%	185.7%
% w/ College Degree	53.3%	9.2%

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As of the latest ACS Survey released in 2023, Babylon, NY is a predominantly white area, with 86.0% of the population identifying as white. The white population has grown by 3.5% in the last 5 years. The second most common race or ethnicity in Babylon, NY is hispanic, making up 7.7% of the population. Foreign-born residents account for 5.3% of the population in Babylon, NY, and this percentage has decreased by 34.6% 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	86.0%	3.5%
% Black	1.2%	50.0%
% Hispanic	7.7%	-11.5%
% Asian	1.1%	-50.0%
% Foreign Born	5.3%	-34.6%

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Mortgage and Risk — Babylon, NY

According to HUD data as of 2023, there were 171 mortgage originations in Babylon, NY, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Babylon, NY. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	171
% Conventional Loans	94.0%
% Government Loans	6.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	12.0%

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Rentals and Section 8 — Babylon, NY

As of 2024, the percent of homes in Babylon, NY under the Section 8 program is 1.8%. 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. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Babylon, NY, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	15
Total Units Section 8	15
% Rentals under Section 8	1.8%
% Occupied Section 8	89.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$70	$2,540	$2,470
2 Bedroom	$50	$2,800	$2,850
3 Bedroom	-$510	$4,200	$3,690
4 Bedroom	-$540	$4,500	$3,960

Babylon, NY—11702

Key Metrics at a Glance

Home Price Trends — Babylon, NY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Babylon, NY

% of Rental Stock

Property Listings — Babylon, NY

Demographics — Babylon, NY

Race and Ethnicity

Mortgage and Risk — Babylon, NY

Mortgages

Rentals and Section 8 — Babylon, NY

Section 8 Market Size

Section 8 Opportunity

Affordability — Babylon, NY

Home Price to Income Ratio

Babylon, NY — ZIP Code Boundary Map

Nearby ZIP Codes

Lindenhurst, NY

Copiague, NY

West Babylon, NY

West Islip, NY

Amityville, NY

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.7
Median Home Price	$715,000
Median Household Income	$137,000

Babylon, NY—11702

Key Metrics at a Glance

Home Price Trends — Babylon, NY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Babylon, NY

% of Rental Stock

Property Listings — Babylon, NY

Demographics — Babylon, NY

Race and Ethnicity

Mortgage and Risk — Babylon, NY

Mortgages

Rentals and Section 8 — Babylon, NY

Section 8 Market Size

Section 8 Opportunity

Affordability — Babylon, NY

Home Price to Income Ratio

Babylon, NY — ZIP Code Boundary Map

Nearby ZIP Codes

Lindenhurst, NY

Copiague, NY

West Babylon, NY

West Islip, NY

Amityville, NY

Frequently Asked Questions

What is the average home price in Babylon, NY 11702?

How have home prices in Babylon, NY 11702 changed over the past year?

What is the home price projection for Babylon, NY 11702?

What are the demographics of Babylon, NY 11702?

How long does it take homes to sell in Babylon, NY 11702?

What is the average rent price in Babylon, NY 11702?