Cypress Hills, New York, NY—11207
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cypress Hills, New York, NY
As of Oct '25, the median home price in Cypress Hills, New York, NY is $622,000, with a year-over-year change of 1.7%. This indicates that home prices in Cypress Hills, New York, NY are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $622,000 | 1.7% |
| Single Family | $676,000 | -0.1% |
| Condos | $368,000 | 1.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $430,000 | 0.5% |
2 Bed | $523,000 | 4.6% |
3 Bed | $656,000 | 1.4% |
4 Bed | $763,000 | 4.2% |
| 5 Bed | $946,000 | 4.2% |
% of Housing Stock
Rental Trends — Cypress Hills, New York, NY
As of July '25, Rentcast reports the average rent in Cypress Hills, New York, NY is $3,140, with a year-over-year rent change of -0.3%. Per bedroom, the median rent as of July '25 in Cypress Hills, New York, NY is studios: $2,280, 1-bedrooms: $2,140, 2-bedrooms: $3,010, 3-bedrooms: $3,690, 4-bedrooms: $3,690. The most common rental property sizes in Cypress Hills, New York, NY are 2-bedroom and 1-bedroom, accounting for 43.0% and 24.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,300 | $3,140 |
| Studio Rent | $2,200 | $2,280 |
| 1 Bed Rent | $2,400 | $2,140 |
| 2 Bed Rent | $2,900 | $3,010 |
| 3 Bed Rent | $3,600 | $3,690 |
| 4 Bed Rent | $4,250 | $3,690 |
% of Rental Stock
Property Listings — Cypress Hills, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Cypress Hills, New York, NY is 100. This is a increase of 30.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $677,000 | 5.0% |
Listing Count | 115 | 16.0% |
| Listings as % of Homes | 0.2% | 16.0% |
Days on Market | 100 | 30.0% |
Demographics — Cypress Hills, New York, NY
As of the latest ACS Survey released in 2023, Cypress Hills, New York, NY has a population of 93,400, which has increased by 1.6% over the past 5 years. Cypress Hills, New York, NY is a moderately popular place for families, as children make up 21.9% of the population. The area has a poorly educated workforce, with 19.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 93,400 | 1.6% |
% Under 18 | 21.9% | -8.0% |
% Seniors | 14.2% | 24.6% |
% WFH | 10.5% | 262.1% |
% w/ College Degree | 19.4% | 25.2% |
As of the latest ACS Survey released in 2023, Cypress Hills, New York, NY is a predominantly black area, with 59.4% of the population identifying as black. The black population has shrunk by 7.6% in the last 5 years. The second most common race or ethnicity in Cypress Hills, New York, NY is hispanic, making up 33.2% of the population. Foreign-born residents account for 31.1% of the population in Cypress Hills, New York, NY, and this percentage has decreased by 4.6% 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 | 5.3% | 32.5% |
% Black | 59.4% | -7.6% |
% Hispanic | 33.2% | -0.3% |
% Asian | 1.6% | 14.3% |
% Foreign Born | 31.1% | -4.6% |
Mortgage and Risk — Cypress Hills, New York, NY
According to HUD data as of 2023, there were 234 mortgage originations in Cypress Hills, New York, NY, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Cypress Hills, New York, NY. Investor activity is low, as 6.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 234 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Cypress Hills, New York, NY
As of 2024, the percent of homes in Cypress Hills, New York, NY under the Section 8 program is 26.2%. 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. In Cypress Hills, 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 | 8,441 |
Total Units Section 8 | 6,813 |
% Rentals under Section 8 | 26.2% |
% Occupied Section 8 | 86.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$160 | $2,400 | $2,240 |
| 2 Bedroom | -$420 | $2,900 | $2,480 |
| 3 Bedroom | -$500 | $3,600 | $3,100 |
| 4 Bedroom | -$920 | $4,250 | $3,330 |
Affordability — Cypress Hills, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10.3 |
| Median Home Price | $622,000 |
| Median Household Income | $55,400 |