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Market Snapshot

Median listing price
$9.36M

The median listing price in New York, NY ZIP 10018 is $9,362,500 as of June 2026.

Median rent
$5,450/mo

The median market rent in New York, NY ZIP 10018 is $5,450/month as of June 2026.

Days on market
752 days

The median days on market in New York, NY ZIP 10018 is 752 days as of June 2026. The market is currently neutral.

Gross rental yield
0.70%

At a median list price of $9,362,500 and a median rent of $5,450/month, the gross rental yield in New York, NY ZIP 10018 is 0.70% as of June 2026.

STR vs LTR
$2,406/mo STR · $5,450/mo LTR

In New York, NY ZIP 10018, median Airbnb revenue is $2,406/month compared to median long-term rent of $5,450/month as of June 2026.

New York, NY 10018 Real Estate Market Report

ZIP Code: 10018

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.

Analysis Window
180 Days
Total Properties Analyzed
16
Active Listings
2
Sold Properties
14

Market Metrics

Median Listing Price
$9,362,500
Median Sold Price
$1,361,500
Median Price per Sqft
$1,655/sqft

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

Median Market Rent
$5,450

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

Property Tax Rate
1.51%

Liquidity & Velocity

Median Days on Market
752
Sale-to-List Ratio
100.0%

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.

Price YoY Trend
down
Market Temperature
neutral
Rent YoY Trend
up
Interest Rate Pressure
moderate

Key Findings

  1. The neighborhood's representative recent sale level is reflected by the median sold price 1,361,500, which should be treated as the primary indicator of current market value and transaction outcomes; use this as the baseline for valuation and underwriting.
  2. Liquidity appears slow: the reported median days on market 752 suggests extended marketing timelines and pricing friction, so sellers may need staged pricing or concessions to accelerate closings and agents should set expectations for longer time-to-contract.
  3. Price direction is soft year-over-year: the local price trend is reported as down; combine conservative pricing with marketing that emphasizes recent comparable sales at the median sold price 1,361,500 to maintain competitiveness.
  4. Rental dynamics are strengthening: median market rent 5,450 with rent year-over-year trend up suggests opportunity for owners considering lease-up or short-term holds, while interest rate pressure is described as moderate, which may temper immediate refinancing-driven transactions.

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

16 W 40th St Apt 29b, New York, NY 10018
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

2 beds3 baths1,882 sqft
$3,975,000
Dec 1, 2025
$2,112/sqft/sqft
2408 days on market
16 W 40th St Apt 28b, New York, NY 10018
Premium

Sold above market average

2 beds3 baths1,882 sqft
$3,904,368
Feb 1, 2026
$2,075/sqft/sqft
225 days on market
16 W 40th St Apt 25b, New York, NY 10018
Premium

Sold above market average

2 beds3 baths1,882 sqft
$3,700,000
Dec 1, 2025
$1,966/sqft/sqft
356 days on market
400 5th Ave Apt 47a, New York, NY 10018
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

1 beds1 baths776 sqft
$1,450,000
Dec 1, 2025
$1,869/sqft/sqft
339 days on market
438-448 West 37 St # 12f, New York, NY 10018
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

- beds- baths1,540 sqft
$1,440,000
Feb 1, 2026
$935/sqft/sqft
400 5th Ave Apt 46h, New York, NY 10018
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

- beds- baths776 sqft
$1,395,000
Dec 1, 2025
$1,798/sqft/sqft
2583 days on market
502 9th Ave Apt 4a, New York, NY 10018
Value

Sold below market average

1 beds1 baths486 sqft
$655,000
Feb 1, 2026
$1,348/sqft/sqft
383 days on market
100 W 39th St Apt 36c, New York, NY 10018
Value

Sold below market average

- beds1 baths526 sqft
$510,000
Jan 1, 2026
$970/sqft/sqft
1081 days on market

Investment Analysis

Compare rental income potential against ownership costs and benchmark against market averages.

Rent vs Cost to Own

Monthly rental income vs estimated ownership cost

-$3,546/mo
10018 Avg Rent
10018 Cost to Own
Rent$5,450
Own$8,996

20% down, 6.50% rate, 1.5% tax

Short-Term Rental

Avg nightly rate and occupancy for this ZIP

10018 Avg nightly rate
10018 Avg occupancy (days/year)
Nightly rate$327/night
Occupancy70 of 365 days

Data Sources

Real estate market data & public records, and GemHaus® proprietary models.

Report generated: 6/1/2026

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