Market Snapshot
- Median listing price
- $2.70M
- Median rent
- $6,995/mo
- Days on market
- 453 days
- Gross rental yield
- 3.11%
- STR vs LTR
- $3,656/mo STR · $6,995/mo LTR
The median listing price in New York, NY ZIP 10007 is $2,700,000 as of June 2026.
The median market rent in New York, NY ZIP 10007 is $6,995/month as of June 2026.
The median days on market in New York, NY ZIP 10007 is 453 days as of June 2026. The market is currently neutral.
At a median list price of $2,700,000 and a median rent of $6,995/month, the gross rental yield in New York, NY ZIP 10007 is 3.11% as of June 2026.
In New York, NY ZIP 10007, median Airbnb revenue is $3,656/month compared to median long-term rent of $6,995/month as of June 2026.
New York, NY 10007 Real Estate Market Report
ZIP Code: 10007
Report Date: June 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in the 10007 area are 6.63%, reflecting the prevailing market benchmark for property owners in this region as of June 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
-
The representative recent sale is $3,709,000, which should be treated as the primary indicator of market value and recent transaction activity; up price momentum is also reported year-over-year, suggesting realized prices are strengthening in June 2026.
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The neighborhood shows a long median days on market of 453, which suggests slower sales velocity and pricing friction that may prolong transactions even as recent sold prices remain elevated.
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There is a notable spread between the median listing price of $2,700,000 and the median sold price of $3,709,000, which may indicate divergent seller expectations versus closing outcomes and points to pricing friction that agents should manage when positioning properties.
-
Rental demand appears robust with a median market rent of $6,995 and a rent year-over-year trend that is up; combined with moderate interest rate pressure and prevailing 30-year fixed mortgage rates near 6.63%, this supports continued rent growth and could sustain investor interest in income-producing SFR/condo opportunities.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
New York, NY 10007 Real Estate Market Report
ZIP Code: 10007
Report Date: June 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in the 10007 area are 6.63%, reflecting the prevailing market benchmark for property owners in this region as of June 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
-
The primary market indicator, the median sold price, is $3,709,000 and should be treated as the representative recent sale level for valuation and transaction benchmarking (representative recent sale).
-
There is a material spread between the median listing price and the median sold price — median listing price $2,700,000 versus the median sold price $3,709,000 — which suggests pricing friction between seller expectations and completed transactions and may require sellers to align asks with recent sale levels.
-
Market liquidity appears slow: the median days on market is 453, which points to slower sales velocity and prolonged marketing periods for SFR and condominium listings in this ZIP code.
-
Macro and demand-side signals are mixed: the price year-over-year trend is up (up), the market temperature is neutral (neutral), and interest rate pressure is moderate (moderate); combined with a median market rent of $7,250 and a median price per square foot of $1,893, this profile indicates rising price and rent trajectories but a balanced near-term market stance (monitor rate movement and rent growth for shifts).
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.5% rate, 1.0% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
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