Market Snapshot
- Median listing price
- $4.00M
- Median rent
- $5,315/mo
- Days on market
- 395 days
- Gross rental yield
- 1.59%
- STR vs LTR
- $2,406/mo STR · $5,315/mo LTR
The median listing price in New York, NY ZIP 10016 is $4,000,000 as of June 2026.
The median market rent in New York, NY ZIP 10016 is $5,315/month as of June 2026.
The median days on market in New York, NY ZIP 10016 is 395 days as of June 2026. The market is currently neutral.
At a median list price of $4,000,000 and a median rent of $5,315/month, the gross rental yield in New York, NY ZIP 10016 is 1.59% as of June 2026.
In New York, NY ZIP 10016, median Airbnb revenue is $2,406/month compared to median long-term rent of $5,315/month as of June 2026.
New York, NY 10016 Real Estate Market Report
ZIP Code: 10016
Report Date: June 2026
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
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
Property Taxes
Liquidity & Velocity
Liquidity metrics unavailable due to insufficient data quality.
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 New York 10016 area average 6.63%, reflecting a market where property owners with older loans below this threshold currently hold a significant interest rate advantage.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- median sold price (unavailable in provided metrics) — the dataset does not include a median sold price, which may indicate limited recent transaction reporting or a small analyzed transaction sample; use caution when relying on listing prices as a proxy for realized market value and prioritize verified closed-sale data where available.
- median market rent 5,315 — rental rates are a clear strength in the ZIP code with up rent year-over-year trend, suggesting landlords and investors can expect continued rent resilience in smaller units and rental-focused strategies.
- price year-over-year trend: down — sales pricing pressure is down, while the overall market temperature reads as neutral; this combination suggests modest softening in sold prices but balanced buyer-seller interaction, implying price-sensitive negotiation for active listings.
- current 30-year fixed mortgage rates 6.63% and interest rate pressure: moderate — elevated borrowing costs relative to historical lows create a wedge that may constrain buying power, supporting slower transaction velocity and favoring buyers who are rate-sensitive; paired with a relatively constrained active supply in the analyzed sample, expect selective pricing friction rather than broad market collapse.
Notable Properties
The following 1 property 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.
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
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