Borough Park, New York, NY—11219
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Borough Park, New York, NY
As of Oct '25, the median home price in Borough Park, New York, NY is $1,157,000, with a year-over-year change of 4.7%. This indicates that home prices in Borough Park, New York, NY are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,157,000 | 4.7% |
| Single Family | $1,781,000 | 2.4% |
| Condos | $907,000 | 3.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $704,000 | -1.0% |
3 Bed | $974,000 | -1.6% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Borough Park, New York, NY
As of July '25, Rentcast reports the average rent in Borough Park, New York, NY is $3,020, with a year-over-year rent change of 18.4%. Per bedroom, the median rent as of July '25 in Borough Park, New York, NY is studios: $2,700, 1-bedrooms: $2,630, 2-bedrooms: $3,580, 3-bedrooms: $3,010. The most common rental property sizes in Borough Park, New York, NY are 2-bedroom and 1-bedroom, accounting for 33.8% and 29.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,100 | $3,020 |
| Studio Rent | $2,700 | $2,700 |
| 1 Bed Rent | $2,700 | $2,630 |
| 2 Bed Rent | $3,700 | $3,580 |
| 3 Bed Rent | $2,900 | $3,010 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Borough Park, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Borough Park, New York, NY is 123. This is a increase of 18.0% 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.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $699,000 | 2.0% |
Listing Count | 46 | -19.0% |
| Listings as % of Homes | 0.2% | -19.0% |
Days on Market | 123 | 18.0% |
Demographics — Borough Park, New York, NY
As of the latest ACS Survey released in 2023, Borough Park, New York, NY has a population of 94,700, which has increased by 5.2% over the past 5 years. Borough Park, New York, NY is a popular place for families, as children make up 39.9% of the population. The area has a poorly educated workforce, with 21.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 94,700 | 5.2% |
% Under 18 | 39.9% | 10.2% |
% Seniors | 11.4% | -3.4% |
% WFH | 10.7% | 197.2% |
% w/ College Degree | 21.5% | 12.0% |
As of the latest ACS Survey released in 2023, Borough Park, New York, NY is a predominantly white area, with 60.1% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Borough Park, New York, NY is asian, making up 21.2% of the population. Foreign-born residents account for 29.9% of the population in Borough Park, New York, NY, and this percentage has decreased by 12.8% 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 | 60.1% | -2.9% |
% Black | 1.4% | 40.0% |
% Hispanic | 13.1% | 8.3% |
% Asian | 21.2% | -13.5% |
% Foreign Born | 29.9% | -12.8% |
Mortgage and Risk — Borough Park, New York, NY
According to HUD data as of 2023, there were 264 mortgage originations in Borough Park, New York, NY, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 2.0% above 90% LTV (normal). This implies small mortgage risk in Borough Park, New York, NY. Investor activity is low, as 10.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 264 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 10.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Borough Park, New York, NY
Borough Park, New York, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2,883 |
Total Units Section 8 | 2,796 |
% Rentals under Section 8 | 15.0% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$480 | $2,700 | $2,220 |
| 2 Bedroom | -$1,220 | $3,700 | $2,480 |
| 3 Bedroom | $200 | $2,900 | $3,100 |
| 4 Bedroom | N/A | N/A | $3,330 |
Affordability — Borough Park, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 19.2 |
| Median Home Price | $1,157,000 |
| Median Household Income | $55,700 |