Thorncliff—23160
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Thorncliff
Thorncliff lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | N/A | N/A |
| Single Family | N/A | N/A |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
No data available
Rental Trends — Thorncliff
Thorncliff lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
No data available
Property Listings — Thorncliff
Thorncliff lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | N/A | N/A |
Listing Count | N/A | N/A |
| Listings as % of Homes | N/A | N/A |
Days on Market | N/A | N/A |
Demographics — Thorncliff
As of the latest ACS Survey released in 2023, Thorncliff has a population of 1,320, which has decreased by -50.2% over the past 5 years. Thorncliff is a less popular place for families, as children make up 0.0% of the population. The area has a poorly educated workforce, with 0.2% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 50.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,320 | -50.2% |
% Under 18 | 0.0% | -100.0% |
% Seniors | 7.4% | 196.0% |
% WFH | 50.0% | 74.8% |
% w/ College Degree | 0.2% | -92.6% |
As of the latest ACS Survey released in 2023, Thorncliff is a predominantly black area, with 49.5% of the population identifying as black. The black population has shrunk by 20.7% in the last 5 years. The second most common race or ethnicity in Thorncliff is white, making up 39.0% of the population. Foreign-born residents account for 1.0% of the population in Thorncliff, and this percentage has decreased by 75.6% 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 | 39.0% | 30.4% |
% Black | 49.5% | -20.7% |
% Hispanic | 6.6% | 88.6% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.0% | -75.6% |
Mortgage and Risk — Thorncliff
According to HUD data as of 2023, there were 8 mortgage originations in Thorncliff, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 50.0% above 90% LTV (very high). This implies large mortgage risk in Thorncliff. Investor activity is low, as 0.0% 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 | 8 |
% Conventional Loans | 62.0% |
% Government Loans | 38.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Thorncliff
Thorncliff lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,530 |
| 2 Bedroom | N/A | N/A | $1,690 |
| 3 Bedroom | N/A | N/A | $2,150 |
| 4 Bedroom | N/A | N/A | $2,650 |
Affordability — Thorncliff
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | N/A |
| Median Household Income | N/A |