Mount Sinai, NY—11766
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mount Sinai, NY
As of Oct '25, the median home price in Mount Sinai, NY is $745,000, with a year-over-year change of 4.0%. This indicates that home prices in Mount Sinai, NY are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $745,000 | 4.0% |
| Single Family | $762,000 | 4.1% |
| Condos | $653,000 | 5.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $560,000 | 5.1% |
3 Bed | $702,000 | 3.8% |
4 Bed | $811,000 | 3.7% |
| 5 Bed | $992,000 | 4.8% |
% of Housing Stock
Rental Trends — Mount Sinai, NY
As of July '25, Rentcast reports the average rent in Mount Sinai, NY is $3,400, with a year-over-year rent change of 1.5%. Per bedroom, the median rent as of July '25 in Mount Sinai, NY is 1-bedrooms: $2,580, 2-bedrooms: $3,420, 3-bedrooms: $3,850, 4-bedrooms: $4,000. The most common rental property sizes in Mount Sinai, NY are 2-bedroom and 4-bedroom, accounting for 60.8% and 18.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,300 | $3,400 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,950 | $2,580 |
| 2 Bed Rent | $3,300 | $3,420 |
| 3 Bed Rent | $3,700 | $3,850 |
| 4 Bed Rent | $4,000 | $4,000 |
% of Rental Stock
Property Listings — Mount Sinai, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Mount Sinai, NY is 91. 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $829,000 | -1.0% |
Listing Count | 61 | 9.0% |
| Listings as % of Homes | 0.9% | 9.0% |
Days on Market | 91 | 41.0% |
Demographics — Mount Sinai, NY
As of the latest ACS Survey released in 2023, Mount Sinai, NY has a population of 11,500, which has decreased by -7.5% over the past 5 years. Mount Sinai, NY is a moderately popular place for families, as children make up 23.7% of the population. The area has a highly educated workforce, with 51.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,500 | -7.5% |
% Under 18 | 23.7% | 4.4% |
% Seniors | 27.2% | 26.5% |
% WFH | 13.8% | 142.1% |
% w/ College Degree | 51.3% | 25.4% |
As of the latest ACS Survey released in 2023, Mount Sinai, NY is a predominantly white area, with 81.9% of the population identifying as white. The white population has grown by 1.2% in the last 5 years. The second most common race or ethnicity in Mount Sinai, NY is hispanic, making up 10.1% of the population. Foreign-born residents account for 9.0% of the population in Mount Sinai, NY, and this percentage has decreased by 7.2% 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 | 81.9% | 1.2% |
% Black | 1.9% | 171.4% |
% Hispanic | 10.1% | -22.3% |
% Asian | 3.8% | 8.6% |
% Foreign Born | 9.0% | -7.2% |
Mortgage and Risk — Mount Sinai, NY
According to HUD data as of 2023, there were 138 mortgage originations in Mount Sinai, NY, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Mount Sinai, NY. Investor activity is low, as 0.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 138 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Mount Sinai, NY
As of 2024, the percent of homes in Mount Sinai, NY under the Section 8 program is 0.8%. 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. In Mount Sinai, 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 | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | 0.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $1,170 | $1,950 | $3,120 |
| 2 Bedroom | $300 | $3,300 | $3,600 |
| 3 Bedroom | $970 | $3,700 | $4,670 |
| 4 Bedroom | $1,000 | $4,000 | $5,000 |
Affordability — Mount Sinai, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $745,000 |
| Median Household Income | $158,000 |