Flatbush, New York, NY—11226
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Flatbush, New York, NY
Home Price Trends — Flatbush, New York, NY
As of Oct '25, the median home price in Flatbush, New York, NY is $783,000, with a year-over-year change of 3.2%. This indicates that home prices in Flatbush, New York, NY are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $783,000 | 3.2% |
| Single Family | $1,125,000 | -0.6% |
| Condos | $596,000 | 2.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $531,000 | 3.5% |
2 Bed | $719,000 | 2.3% |
3 Bed | $871,000 | 0.3% |
4 Bed | N/A | N/A |
| 5 Bed | $1,885,000 | 5.1% |
% of Housing Stock
Rental Trends — Flatbush, New York, NY
As of July '25, Rentcast reports the average rent in Flatbush, New York, NY is $3,250, with a year-over-year rent change of 4.2%. Per bedroom, the median rent as of July '25 in Flatbush, New York, NY is studios: $2,750, 1-bedrooms: $3,120, 2-bedrooms: $3,510, 3-bedrooms: $3,750, 4-bedrooms: $2,650. The most common rental property sizes in Flatbush, New York, NY are 1-bedroom and 2-bedroom, accounting for 40.8% and 33.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,200 | $3,250 |
| Studio Rent | $2,690 | $2,750 |
| 1 Bed Rent | $2,950 | $3,120 |
| 2 Bed Rent | $3,500 | $3,510 |
| 3 Bed Rent | $3,500 | $3,750 |
| 4 Bed Rent | $1,410 | $2,650 |
% of Rental Stock
Property Listings — Flatbush, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Flatbush, New York, NY is 59. This is a decrease of -9.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $645,000 | -13.0% |
Listing Count | 94 | 3.0% |
| Listings as % of Homes | 0.3% | 3.0% |
Days on Market | 59 | -9.0% |
Demographics — Flatbush, New York, NY
As of the latest ACS Survey released in 2023, Flatbush, New York, NY has a population of 100,000, which has remained stable by -0.3% over the past 5 years. Flatbush, New York, NY is a moderately popular place for families, as children make up 18.5% of the population. The area has a moderately educated workforce, with 36.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 100,000 | -0.3% |
% Under 18 | 18.5% | -18.1% |
% Seniors | 13.8% | 16.0% |
% WFH | 12.5% | 212.5% |
% w/ College Degree | 36.2% | 27.5% |
As of the latest ACS Survey released in 2023, Flatbush, New York, NY is a predominantly black area, with 60.5% of the population identifying as black. The black population has shrunk by 11.3% in the last 5 years. The second most common race or ethnicity in Flatbush, New York, NY is hispanic, making up 16.4% of the population. Foreign-born residents account for 42.5% of the population in Flatbush, New York, NY, and this percentage has decreased by 4.7% 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 | 14.5% | 19.8% |
% Black | 60.5% | -11.3% |
% Hispanic | 16.4% | -4.1% |
% Asian | 4.1% | 41.4% |
% Foreign Born | 42.5% | -4.7% |
Mortgage and Risk — Flatbush, New York, NY
According to HUD data as of 2023, there were 199 mortgage originations in Flatbush, New York, NY, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Flatbush, New York, NY. Investor activity is low, as 6.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 199 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 6.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Flatbush, New York, NY
As of 2024, the percent of homes in Flatbush, New York, NY under the Section 8 program is 4.1%. 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. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Flatbush, New York, NY, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,490 |
Total Units Section 8 | 1,475 |
% Rentals under Section 8 | 4.1% |
% Occupied Section 8 | 86.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$630 | $2,950 | $2,320 |
| 2 Bedroom | -$930 | $3,500 | $2,570 |
| 3 Bedroom | -$300 | $3,500 | $3,200 |
| 4 Bedroom | $2,050 | $1,410 | $3,460 |
Affordability — Flatbush, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10.6 |
| Median Home Price | $783,000 |
| Median Household Income | $81,100 |