Middletown, NY—10940
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Middletown, NY
Home Price Trends — Middletown, NY
Middletown, NY lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $390,000 | 2.5% |
| Single Family | $395,000 | 2.6% |
| Condos | $304,000 | 4.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $207,000 | 4.0% |
2 Bed | $302,000 | 2.4% |
3 Bed | $388,000 | 2.6% |
4 Bed | $480,000 | 3.7% |
| 5 Bed | $472,000 | 3.1% |
% of Housing Stock
Rental Trends — Middletown, NY
As of July '25, Rentcast reports the average rent in Middletown, NY is $2,270, with a year-over-year rent change of -2.6%. Per bedroom, the median rent as of July '25 in Middletown, NY is studios: $2,120, 1-bedrooms: $1,660, 2-bedrooms: $2,100, 3-bedrooms: $2,590, 4-bedrooms: $3,060. The most common rental property sizes in Middletown, NY are 2-bedroom and 1-bedroom, accounting for 37.7% and 34.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,220 | $2,270 |
| Studio Rent | $2,120 | $2,120 |
| 1 Bed Rent | $1,650 | $1,660 |
| 2 Bed Rent | $2,050 | $2,100 |
| 3 Bed Rent | $2,500 | $2,590 |
| 4 Bed Rent | $2,800 | $3,060 |
% of Rental Stock
Property Listings — Middletown, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Middletown, NY is 49. This is a increase of 49.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $425,000 | 4.0% |
Listing Count | 170 | 36.0% |
| Listings as % of Homes | 0.4% | 36.0% |
Days on Market | 49 | 49.0% |
Demographics — Middletown, NY
As of the latest ACS Survey released in 2023, Middletown, NY has a population of 53,100, which has increased by 8.2% over the past 5 years. Middletown, NY is a moderately popular place for families, as children make up 23.8% of the population. The area has a poorly educated workforce, with 24.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 53,100 | 8.2% |
% Under 18 | 23.8% | 2.6% |
% Seniors | 14.7% | -0.7% |
% WFH | 6.4% | 82.9% |
% w/ College Degree | 24.0% | 9.1% |
As of the latest ACS Survey released in 2023, Middletown, NY is a predominantly white area, with 39.2% of the population identifying as white. The white population has shrunk by 11.7% in the last 5 years. The second most common race or ethnicity in Middletown, NY is hispanic, making up 32.0% of the population. Foreign-born residents account for 18.0% of the population in Middletown, NY, and this percentage has increased by 39.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 39.2% | -11.7% |
% Black | 22.7% | 24.0% |
% Hispanic | 32.0% | -2.4% |
% Asian | 3.9% | 21.9% |
% Foreign Born | 18.0% | 39.5% |
Mortgage and Risk — Middletown, NY
According to HUD data as of 2023, there were 599 mortgage originations in Middletown, NY, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Middletown, NY. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 599 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Middletown, NY
As of 2024, the percent of homes in Middletown, NY under the Section 8 program is 16.2%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Middletown, NY, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,135 |
Total Units Section 8 | 1,133 |
% Rentals under Section 8 | 16.2% |
% Occupied Section 8 | 91.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$90 | $1,650 | $1,560 |
| 2 Bedroom | -$50 | $2,050 | $2,000 |
| 3 Bedroom | $50 | $2,500 | $2,550 |
| 4 Bedroom | -$40 | $2,800 | $2,760 |
Affordability — Middletown, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $390,000 |
| Median Household Income | $87,200 |