Upper East Side, New York, NY—10028
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Upper East Side, New York, NY
As of Oct '25, the median home price in Upper East Side, New York, NY is $1,379,000, with a year-over-year change of 0.9%. This indicates that home prices in Upper East Side, New York, NY are flat. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,379,000 | 0.9% |
| Single Family | $2,522,000 | 5.1% |
| Condos | $1,350,000 | 1.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $728,000 | 3.6% |
2 Bed | $1,536,000 | 2.1% |
3 Bed | $2,678,000 | 1.2% |
4 Bed | $4,838,000 | 3.1% |
| 5 Bed | $8,372,000 | 9.9% |
% of Housing Stock
Rental Trends — Upper East Side, New York, NY
As of July '25, Rentcast reports the average rent in Upper East Side, New York, NY is $4,940, with a year-over-year rent change of 1.6%. Per bedroom, the median rent as of July '25 in Upper East Side, New York, NY is studios: $3,280, 1-bedrooms: $4,740, 2-bedrooms: $6,620, 3-bedrooms: $6,740, 4-bedrooms: $7,940. The most common rental property sizes in Upper East Side, New York, NY are 1-bedroom and studio, accounting for 41.0% and 26.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,300 | $4,940 |
| Studio Rent | $2,950 | $3,280 |
| 1 Bed Rent | $4,580 | $4,740 |
| 2 Bed Rent | $6,800 | $6,620 |
| 3 Bed Rent | $7,500 | $6,740 |
| 4 Bed Rent | $7,900 | $7,940 |
% of Rental Stock
Property Listings — Upper East Side, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Upper East Side, New York, NY is 48. This is a decrease of -5.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,860,000 | -9.0% |
Listing Count | 317 | -4.0% |
| Listings as % of Homes | 1.3% | -4.0% |
Days on Market | 48 | -5.0% |
Demographics — Upper East Side, New York, NY
As of the latest ACS Survey released in 2023, Upper East Side, New York, NY has a population of 45,700, which has decreased by -4.4% over the past 5 years. Upper East Side, New York, NY is a less popular place for families, as children make up 13.7% of the population. The area has a highly educated workforce, with 83.2% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 28.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 45,700 | -4.4% |
% Under 18 | 13.7% | 2.2% |
% Seniors | 23.2% | 24.7% |
% WFH | 28.8% | 329.9% |
% w/ College Degree | 83.2% | 0.0% |
As of the latest ACS Survey released in 2023, Upper East Side, New York, NY is a predominantly white area, with 81.8% of the population identifying as white. The white population has grown by 1.1% in the last 5 years. The second most common race or ethnicity in Upper East Side, New York, NY is asian, making up 7.0% of the population. Foreign-born residents account for 16.4% of the population in Upper East Side, New York, NY, and this percentage has decreased by 18.4% 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 | 81.8% | 1.1% |
% Black | 1.6% | 23.1% |
% Hispanic | 6.1% | -17.6% |
% Asian | 7.0% | -27.1% |
% Foreign Born | 16.4% | -18.4% |
Mortgage and Risk — Upper East Side, New York, NY
According to HUD data as of 2023, there were 347 mortgage originations in Upper East Side, New York, NY, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 1.0% above 90% LTV (normal). This implies small mortgage risk in Upper East Side, New York, NY. Investor activity is low, as 1.0% of loans were by investors. 2.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 347 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 1.0% |
% Second Loans | 9.0% |
% Cash Out Refinance | 2.0% |
Loan Activity
Rentals and Section 8 — Upper East Side, New York, NY
As of 2024, the percent of homes in Upper East Side, New York, NY under the Section 8 program is 0.5%. 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 Upper East Side, New York, 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 | 90 |
Total Units Section 8 | 82 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$810 | $4,580 | $3,770 |
| 2 Bedroom | -$2,630 | $6,800 | $4,170 |
| 3 Bedroom | -$2,300 | $7,500 | $5,200 |
| 4 Bedroom | -$2,290 | $7,900 | $5,610 |
Affordability — Upper East Side, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.1 |
| Median Home Price | $1,379,000 |
| Median Household Income | $168,000 |