What is the average home price in Middletown, NY 10940?

As of May '26, the median home price in Middletown, NY 10940 is $404,000, based on Zillow home estimates.

How have home prices in Middletown, NY 10940 changed over the past year?

As of May '26, home prices have increased 4.4% over the past year, according to Zillow home estimates data.

What is the home price projection for Middletown, NY 10940?

As of May '26, Zillow projects home prices in Middletown, NY 10940 to decrease N/A in the next year.

What are the demographics of Middletown, NY 10940?

According to the latest Census, the demographics of Middletown, NY 10940 are 39.2% White, 22.7% Black, 3.9% Asian, 32.0% Hispanic. The population is 53,100, with 23.8% under 18 years old.

How long does it take homes to sell in Middletown, NY 10940?

According to Realtor.com, as of May '26, the median home in Middletown, NY 10940 is on the market for 30 days. This is a decrease of 22.0% from last year.

What is the average rent price in Middletown, NY 10940?

The average rent price in Middletown, NY 10940, as of the latest data, is $2,270. The average rent for 1 bedroom homes is $1,660. For 2, 3, and 4 bedroom homes, the average rent is $2,100, $2,590, and $3,060 respectively.

Middletown, NY 10940 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Middletown, NY—10940

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$404,000

4.4% YoY Growth

Household Income

$87,200

42.1% YoY Growth

Days on Market

22.0% Shorter YoY

Home Price Forecast

N/A

Median Rent

$2,220

2.6% YoY Growth

1-Bed Rent

$1,650

4.4% YoY Growth

2-Bed Rent

$2,050

5.5% YoY Growth

3-Bed Rent

$2,500

6.5% YoY Growth

Other Zip Codes in Middletown, NY

10941

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	$404,000	4.4%
Single Family	$410,000	4.3%
Condos	$308,000	4.4%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	$211,000	6.6%

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

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% of Rental Stock

Studio

6.9%

1 Bedroom

34.5%

2 Bedrooms

37.7%

3 Bedrooms

17.3%

4 Bedrooms

2.2%

5+ Bedrooms

1.4%

Property Listings — Middletown, NY

As of May '26, Realtor.com reports that the median days on market for a home in Middletown, NY is 30. This is a decrease of -22.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$470,000	12.0%
Listing Count	99	-46.0%
Listings as % of Homes	0.4%	-46.0%
Days on Market	30	-22.0%

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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%

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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%

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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%

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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

Middletown, NY—10940

Key Metrics at a Glance

Other Zip Codes in Middletown, NY

Home Price Trends — Middletown, NY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Middletown, NY

% of Rental Stock

Property Listings — Middletown, NY

Demographics — Middletown, NY

Race and Ethnicity

Mortgage and Risk — Middletown, NY

Mortgages

Rentals and Section 8 — Middletown, NY

Section 8 Market Size

Section 8 Opportunity

Affordability — Middletown, NY

Home Price to Income Ratio

Middletown, NY — ZIP Code Boundary Map

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Johnson

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Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.9
Median Home Price	$404,000
Median Household Income	$87,200