Market Snapshot
- Median listing price
- $2.35M
- Median rent
- $3,382/mo
- Days on market
- 159 days
- Gross rental yield
- 1.73%
- STR vs LTR
- $1,550/mo STR · $3,382/mo LTR
The median listing price in New York, NY ZIP 10031 is $2,347,499.5 as of June 2026.
The median market rent in New York, NY ZIP 10031 is $3,382/month as of June 2026.
The median days on market in New York, NY ZIP 10031 is 159 days as of June 2026. The market is currently neutral.
At a median list price of $2,347,499.5 and a median rent of $3,382/month, the gross rental yield in New York, NY ZIP 10031 is 1.73% as of June 2026.
In New York, NY ZIP 10031, median Airbnb revenue is $1,550/month compared to median long-term rent of $3,382/month as of June 2026.
New York, NY 10031 Real Estate Market Report
ZIP Code: 10031
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
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
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 for properties in New York 10031 average 6.68%, reflecting a market where rates have fluctuated significantly throughout 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- median sold price is unavailable in the provided metrics, so recent transaction-level market value must be interpreted indirectly from other indicators; the missing sold-price figure may indicate limited closed-transaction data in the analyzed sample, requiring caution when setting offer strategies.
- median days on market — 159 suggests slower sales velocity in the sample and, when combined with elevated inventory, may indicate pricing friction that sellers should address through competitive pricing or concessions.
- median market rent — $3,382 combined with a rising rent year-over-year trend (rent is up) signals strengthening rental demand for smaller units and supports income-based valuations for investor buyers or owners considering hold strategies.
- median price per square foot — 502 alongside a price year-over-year trend of up and a neutral market temperature (neutral) implies price appreciation is occurring but the market remains balanced; sellers can expect modest upward pressure while buyers should monitor comparable closed sales.
- interest rate pressure — elevated with current 30-year fixed mortgage rates averaging 6.68% for the ZIP suggests higher financing costs that could temper buyer purchasing power, reinforcing the need for realistic pricing and financing contingency planning.
Notable Properties
The following 2 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.
Representative market sale establishing baseline for properties in the core neighborhood.
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.53% rate, 0.5% 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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