How much is a home worth in ZIP code 10016?

The typical home in 10016 is worth $929,127, based on the Zillow Home Value Index.

Are home values rising in 10016?

Home values in 10016 are down 0.4% over the past year, and down 1.0% a year over five years.

What is the typical rent in 10016?

A typical home in 10016 rents for about $4,967 a month, a gross rental yield of 6.4%.

What is the property tax rate in 10016?

The effective property tax rate in 10016 is 0.8% — roughly $7,754 a year on a typical home.

ZIP code 10016 has a population of 52,971 and a median household income of $140,381.

HousingHandbookReference data

…

U.S. ZIP Code · NY10016

New York County · New York-Newark-Jersey City, NY-NJ

Typical home value

$929,127^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.4%
5-year / yr: -1.0%
10-year / yr: -0.7%

Relative price

vs U.S.: +227.1%
vs metro: +27.4%
vs state: +191.6%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 10016 is worth $929,127 — 27.4% above the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have fallen 0.4%. Homes here rent for a typical $4,967 a month — a 6.4% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $4,967^[2]
Gross yield: 6.4%^[2]
Cap rate: 3.8%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.8%^[3]
Typical annual tax: $7,754^[3]

#Climate risk

FEMA National Risk Index ratings for New York County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Very High
Coastal flood: Relatively Moderate
Wildfire: Very Low
Drought: No Rating
Heat wave: Relatively High
Hurricane: Relatively High
Tornado: Relatively Moderate
Earthquake: Relatively Moderate
Winter weather: Very High

#Who lives here

Population: 52,971^[3]
Median household income: $140,381^[3]

#Migration

Household moves in and out of New York County over a year, from IRS tax-return data.

Net migration: +2,935^[5]
Moved in: 82,255
Moved out: 79,320

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 5
Elementary: 2
Middle: 0
High: 3

RIVER SCHOOL (THE)
Elementary · Grades PK–5 · NEW YORK CITY GEOGRAPHIC DISTRICT # 2
512 students
PS 116 MARY LINDLEY MURRAY
Elementary · Grades PK–5 · NEW YORK CITY GEOGRAPHIC DISTRICT # 2
362 students
MANHATTAN ACADEMY FOR ARTS AND LANGUAGES
High · Grades 9–12 · NEW YORK CITY GEOGRAPHIC DISTRICT # 2
313 students
UNITY CENTER FOR URBAN TECHNOLOGIES
High · Grades 9–12 · NEW YORK CITY GEOGRAPHIC DISTRICT # 2
266 students
MURRAY HILL ACADEMY
High · Grades 9–12 · NEW YORK CITY GEOGRAPHIC DISTRICT # 2
239 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield6.4%

Net yield (after ~40% expenses)3.8%

Annual rent$59,601

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$4,698

Loan principal$743,301

Down payment$185,825

Total interest paid$948,040

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.23

Monthly cost to own$6,115

Monthly rent$4,967

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 5th percentile^[1]
Rental yield: 85th percentile^[2]
Property tax: 19th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 10016?: The typical home in 10016 is worth $929,127, based on the Zillow Home Value Index.
Are home values rising in 10016?: Home values in 10016 are down 0.4% over the past year, and down 1.0% a year over five years.
What is the typical rent in 10016?: A typical home in 10016 rents for about $4,967 a month, a gross rental yield of 6.4%.
What is the property tax rate in 10016?: The effective property tax rate in 10016 is 0.8% — roughly $7,754 a year on a typical home.
Who lives in 10016?: ZIP code 10016 has a population of 52,971 and a median household income of $140,381.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

07756 vs 10016 →
Ocean Grove CDP, NJ
Typical home
$929,255
Gross yield
3.2%
07922 vs 10016 →
New Providence, NJ
Typical home
$929,941
Gross yield
4.4%
07310
Jersey City, NJ
Typical home
$927,884
Gross yield
5.5%
07920
Basking Ridge CDP, NJ
Typical home
$927,045
Gross yield
4.2%
10044
New York, NY
Typical home
$926,738
Gross yield
5.6%
07757
Oceanport, NJ
Typical home
$925,635
Gross yield
—

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 10016 against any other ZIP — full side-by-side table.

Compare 10016 →

#Jump to section

U.S. ZIP Code · NY10016

Get more data on ZIPs like this

Get more data on ZIPs like this