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  5. /Crown Heights, New York, NY - 11213

Crown Heights, New York, NY—11213

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$1,148,000
9.9% YoY Growth
Household Income
$62,000
48.7% YoY Growth
Days on Market
81
20.0% Longer YoY
Home Price Forecast
2.0%
Median Rent
$3,300
3.7% YoY Growth
1-Bed Rent
$3,120
10.2% YoY Growth
2-Bed Rent
$3,500
14.8% YoY Growth
3-Bed Rent
$3,600
2.4% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Crown Heights, New York, NY

As of May '26, the median home price in Crown Heights, New York, NY is $1,148,000, with a year-over-year change of 9.9%. This indicates that home prices in Crown Heights, New York, NY are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$1,148,0009.9%
Single Family $1,660,0009.1%
Condos $691,0006.0%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $568,000
    12.7%
    2 Bed
    		$753,00012.9%
    3 Bed
    		$1,085,0008.8%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    5.1%
    1 Bedroom
    31.9%
    2 Bedrooms
    37.2%
    3 Bedrooms
    16.4%
    4 Bedrooms
    5.5%
    5+ Bedrooms
    3.9%

    Rental Trends — Crown Heights, New York, NY

    As of July '25, Rentcast reports the average rent in Crown Heights, New York, NY is $3,430, with a year-over-year rent change of -3.7%. Per bedroom, the median rent as of July '25 in Crown Heights, New York, NY is studios: $4,070, 1-bedrooms: $3,020, 2-bedrooms: $3,730, 3-bedrooms: $4,080, 4-bedrooms: $3,080. The most common rental property sizes in Crown Heights, New York, NY are 2-bedroom and 1-bedroom, accounting for 41.6% and 35.7% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$3,300$3,430
    Studio Rent $3,400$4,070
    1 Bed Rent $3,120$3,020
    2 Bed Rent $3,500$3,730
    3 Bed Rent $3,600$4,080
    4 Bed Rent $3,500$3,080
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    % of Rental Stock

    Studio
    5.5%
    1 Bedroom
    35.7%
    2 Bedrooms
    41.6%
    3 Bedrooms
    14.0%
    4 Bedrooms
    2.8%
    5+ Bedrooms
    0.4%

    Property Listings — Crown Heights, New York, NY

    As of May '26, Realtor.com reports that the median days on market for a home in Crown Heights, New York, NY is 81. This is a increase of 20.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$1,170,00026.0%
    Listing Count
    		4325.0%
    Listings as % of Homes0.2%25.0%
    Days on Market
    		8120.0%
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    Demographics — Crown Heights, New York, NY

    As of the latest ACS Survey released in 2023, Crown Heights, New York, NY has a population of 69,600, which has increased by 5.0% over the past 5 years. Crown Heights, New York, NY is a moderately popular place for families, as children make up 23.2% of the population. The area has a moderately educated workforce, with 34.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.2% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		69,6005.0%
    % Under 18
    		23.2%-2.5%
    % Seniors
    		13.6%18.3%
    % WFH
    		14.2%202.1%
    % w/ College Degree
    		34.0%21.0%
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    As of the latest ACS Survey released in 2023, Crown Heights, New York, NY is a predominantly black area, with 58.6% of the population identifying as black. The black population has shrunk by 13.3% in the last 5 years. The second most common race or ethnicity in Crown Heights, New York, NY is white, making up 22.6% of the population. Foreign-born residents account for 32.1% of the population in Crown Heights, New York, NY, and this percentage has decreased by 8.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		22.6%9.7%
    % Black
    		58.6%-13.3%
    % Hispanic
    		13.1%23.6%
    % Asian
    		1.7%-15.0%
    % Foreign Born
    		32.1%-8.0%
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    Mortgage and Risk — Crown Heights, New York, NY

    According to HUD data as of 2023, there were 119 mortgage originations in Crown Heights, New York, NY, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Crown Heights, New York, NY. Investor activity is low, as 5.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		119
    % Conventional Loans
    		96.0%
    % Government Loans
    		4.0%
    % Investor Loans
    		5.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		7.0%
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    Rentals and Section 8 — Crown Heights, New York, NY

    As of 2024, the percent of homes in Crown Heights, New York, NY under the Section 8 program is 13.7%. 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 Crown Heights, 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
    		4,439
    Total Units Section 8
    		3,191
    % Rentals under Section 8
    		13.7%
    % Occupied Section 8
    		88.4%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$810$3,120$2,310
    2 Bedroom-$940$3,500$2,560
    3 Bedroom-$410$3,600$3,190
    4 Bedroom-$60$3,500$3,440

    Affordability — Crown Heights, New York, NY

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio15.7
    Median Home Price$1,148,000
    Median Household Income$62,000

    Crown Heights, New York, NY — ZIP Code Boundary Map

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