Red Hook, NY—12571
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Red Hook, NY
Red Hook, NY lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $533,000 | 4.1% |
| Single Family | $533,000 | 3.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $419,000 | 2.4% |
3 Bed | $519,000 | 3.4% |
4 Bed | $670,000 | 4.7% |
| 5 Bed | $855,000 | 7.3% |
% of Housing Stock
Rental Trends — Red Hook, NY
As of July '25, Rentcast reports the average rent in Red Hook, NY is $3,650, with a year-over-year rent change of 29.4%. Per bedroom, the median rent as of July '25 in Red Hook, NY is studios: $1,250, 1-bedrooms: $1,540, 2-bedrooms: $2,870, 3-bedrooms: $4,820, 4-bedrooms: $5,250. The most common rental property sizes in Red Hook, NY are 1-bedroom and 2-bedroom, accounting for 38.5% and 27.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,300 | $3,650 |
| Studio Rent | $1,250 | $1,250 |
| 1 Bed Rent | $1,500 | $1,540 |
| 2 Bed Rent | $2,700 | $2,870 |
| 3 Bed Rent | $3,500 | $4,820 |
| 4 Bed Rent | $4,500 | $5,250 |
% of Rental Stock
Property Listings — Red Hook, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Red Hook, NY is 68. This is a increase of 7.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $737,000 | 5.0% |
Listing Count | 60 | 3.0% |
| Listings as % of Homes | 1.3% | 3.0% |
Days on Market | 68 | 7.0% |
Demographics — Red Hook, NY
As of the latest ACS Survey released in 2023, Red Hook, NY has a population of 10,200, which has increased by 1.7% over the past 5 years. Red Hook, NY is a moderately popular place for families, as children make up 20.0% of the population. The area has a highly educated workforce, with 52.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,200 | 1.7% |
% Under 18 | 20.0% | -7.8% |
% Seniors | 19.1% | 4.9% |
% WFH | 23.8% | 201.3% |
% w/ College Degree | 52.5% | 20.4% |
As of the latest ACS Survey released in 2023, Red Hook, NY is a predominantly white area, with 85.2% of the population identifying as white. The white population has shrunk by 1.5% in the last 5 years. The second most common race or ethnicity in Red Hook, NY is hispanic, making up 3.7% of the population. Foreign-born residents account for 6.4% of the population in Red Hook, NY, and this percentage has decreased by 5.9% 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 | 85.2% | -1.5% |
% Black | 2.6% | -18.8% |
% Hispanic | 3.7% | -43.1% |
% Asian | 1.7% | -5.6% |
% Foreign Born | 6.4% | -5.9% |
Mortgage and Risk — Red Hook, NY
According to HUD data as of 2023, there were 195 mortgage originations in Red Hook, NY, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Red Hook, NY. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 195 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 1.0% |
% Second Loans | 10.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Red Hook, NY
As of 2024, the percent of homes in Red Hook, NY under the Section 8 program is 1.7%. 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 Red Hook, 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 | 11 |
Total Units Section 8 | 11 |
% Rentals under Section 8 | 1.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$120 | $1,500 | $1,380 |
| 2 Bedroom | -$950 | $2,700 | $1,750 |
| 3 Bedroom | -$1,270 | $3,500 | $2,230 |
| 4 Bedroom | -$2,090 | $4,500 | $2,410 |
Affordability — Red Hook, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $533,000 |
| Median Household Income | $115,000 |