Babylon, NY—11702
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Babylon, NY
As of Oct '25, the median home price in Babylon, NY is $719,000, with a year-over-year change of 0.4%. This indicates that home prices in Babylon, NY are flat. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $719,000 | 0.4% |
| Single Family | $723,000 | -0.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $599,000 | 0.7% |
3 Bed | $728,000 | 1.7% |
4 Bed | $822,000 | 0.9% |
| 5 Bed | $972,000 | -0.1% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Babylon, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Babylon, NY is 73. This is a increase of 30.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $858,000 | -10.0% |
Listing Count | 58 | 17.0% |
| Listings as % of Homes | 0.5% | 17.0% |
Days on Market | 73 | 30.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Babylon, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $719,000 |
| Median Household Income | $137,000 |