How much is a home worth in ZIP code 10031?

The typical home in 10031 is worth $528,909, based on the Zillow Home Value Index.

Are home values rising in 10031?

Home values in 10031 are down 0.9% over the past year, and down 0.1% a year over five years.

What is the typical rent in 10031?

A typical home in 10031 rents for about $3,069 a month, a gross rental yield of 7.0%.

What is the property tax rate in 10031?

The effective property tax rate in 10031 is 0.6% — roughly $3,080 a year on a typical home.

ZIP code 10031 has a population of 61,058 and a median household income of $65,283.

HousingHandbookReference data

…

U.S. ZIP Code · NY10031

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

Typical home value

$528,909^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.9%
5-year / yr: -0.1%
10-year / yr: -0.2%

Relative price

vs U.S.: +86.2%
vs metro: -27.5%
vs state: +66.0%

Price history

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

The typical home in 10031 is worth $528,909 — 27.5% below the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have fallen 0.9%. Homes here rent for a typical $3,069 a month — a 7.0% gross rental yield. The effective property tax rate is 0.6%.

#Rent & investment

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

Monthly rent: $3,069^[2]
Gross yield: 7.0%^[2]
Cap rate: 4.2%^[2]

#Property tax

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

Effective tax rate: 0.6%^[3]
Typical annual tax: $3,080^[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: 61,058^[3]
Median household income: $65,283^[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: 10
Elementary: 5
Middle: 2
High: 3

A PHILIP RANDOLPH CAMPUS HIGH SCHOOL
High · Grades 9–12 · NEW YORK CITY GEOGRAPHIC DISTRICT # 6
1,387 students
NEW HEIGHTS ACADEMY CHARTER SCHOOL
High · Grades 5–12 · NEW HEIGHTS ACADEMY CHARTER SCHOOL
712 students
NEIGHBORHOOD CHARTER SCHOOL OF HARLEM
Elementary · Grades K–8 · NEIGHBORHOOD CHARTER SCHOOL OF HARLEM
596 students
HIGH SCHOOL MATHEMATICS SCIENCE AND ENGINEERING AT CCNY
High · Grades 9–12 · NEW YORK CITY GEOGRAPHIC DISTRICT # 5
579 students
PS/IS 210 21ST CENTURY ACADEMY
Elementary · Grades PK–8 · NEW YORK CITY GEOGRAPHIC DISTRICT # 6
423 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 yield7.0%

Net yield (after ~40% expenses)4.2%

Annual rent$36,827

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$2,674

Loan principal$423,127

Down payment$105,782

Total interest paid$539,675

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 ratio1.10

Monthly cost to own$3,371

Monthly rent$3,069

Owning and renting are roughly even.

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: 7th percentile^[1]
Rental yield: 91st percentile^[2]
Property tax: 7th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 10031?: The typical home in 10031 is worth $528,909, based on the Zillow Home Value Index.
Are home values rising in 10031?: Home values in 10031 are down 0.9% over the past year, and down 0.1% a year over five years.
What is the typical rent in 10031?: A typical home in 10031 rents for about $3,069 a month, a gross rental yield of 7.0%.
What is the property tax rate in 10031?: The effective property tax rate in 10031 is 0.6% — roughly $3,080 a year on a typical home.
Who lives in 10031?: ZIP code 10031 has a population of 61,058 and a median household income of $65,283.

#Comparable ZIPs

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

08805 vs 10031 →
Bound Brook, NJ
Typical home
$528,924
Gross yield
4.9%
07065 vs 10031 →
Rahway, NJ
Typical home
$529,136
Gross yield
5.8%
07077
Sewaren CDP, NJ
Typical home
$528,529
Gross yield
—
07034
Lake Hiawatha CDP, NJ
Typical home
$529,537
Gross yield
—
08882
South River, NJ
Typical home
$529,569
Gross yield
—
08721
Pine Beach, NJ
Typical home
$530,103
Gross yield
6.8%

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Pit ZIP 10031 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · NY10031

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