How much is a home worth in ZIP code 10040?

The typical home in 10040 is worth $504,535, based on the Zillow Home Value Index.

Are home values rising in 10040?

Home values in 10040 are down 0.7% over the past year, and down 4.2% a year over five years.

What is the typical rent in 10040?

A typical home in 10040 rents for about $2,849 a month, a gross rental yield of 6.8%.

What is the property tax rate in 10040?

The effective property tax rate in 10040 is 0.5% — roughly $2,689 a year on a typical home.

ZIP code 10040 has a population of 40,096 and a median household income of $65,516.

HousingHandbookReference data

…

U.S. ZIP Code · NY10040

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

Typical home value

$504,535^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.7%
5-year / yr: -4.2%
10-year / yr: +0.8%

Relative price

vs U.S.: +77.6%
vs metro: -30.8%
vs state: +58.4%

Price history

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

The typical home in 10040 is worth $504,535 — 30.8% below the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have fallen 0.7%. Homes here rent for a typical $2,849 a month — a 6.8% gross rental yield. The effective property tax rate is 0.5%.

#Rent & investment

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

Monthly rent: $2,849^[2]
Gross yield: 6.8%^[2]
Cap rate: 4.1%^[2]

#Property tax

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

Effective tax rate: 0.5%^[3]
Typical annual tax: $2,689^[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: 40,096^[3]
Median household income: $65,516^[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: 12
Elementary: 6
Middle: 1
High: 5

EQUITY PROJECT CHARTER SCHOOL (THE)
Elementary · Grades K–8 · EQUITY PROJECT CHARTER SCHOOL (THE)
1,100 students
PS/IS 187 HUDSON CLIFFS
Elementary · Grades PK–8 · NEW YORK CITY GEOGRAPHIC DISTRICT # 6
766 students
CITY COLLEGE ACADEMY OF THE ARTS
High · Grades 6–12 · NEW YORK CITY GEOGRAPHIC DISTRICT # 6
558 students
SUCCESS ACADEMY CHARTER SCHOOL - WASHINGTON HEIGHTS
Elementary · Grades K–6 · SUCCESS ACADEMY CHARTER SCHOOL - WASHINGTON HEIGHTS
541 students
PS 152 DYCKMAN VALLEY
Elementary · Grades PK–5 · NEW YORK CITY GEOGRAPHIC DISTRICT # 6
466 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 yield6.8%

Net yield (after ~40% expenses)4.1%

Annual rent$34,189

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$2,551

Loan principal$403,628

Down payment$100,907

Total interest paid$514,805

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 ratio1.12

Monthly cost to own$3,194

Monthly rent$2,849

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: 1st percentile^[1]
Rental yield: 89th percentile^[2]
Property tax: 5th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 10040?: The typical home in 10040 is worth $504,535, based on the Zillow Home Value Index.
Are home values rising in 10040?: Home values in 10040 are down 0.7% over the past year, and down 4.2% a year over five years.
What is the typical rent in 10040?: A typical home in 10040 rents for about $2,849 a month, a gross rental yield of 6.8%.
What is the property tax rate in 10040?: The effective property tax rate in 10040 is 0.5% — roughly $2,689 a year on a typical home.
Who lives in 10040?: ZIP code 10040 has a population of 40,096 and a median household income of $65,516.

#Comparable ZIPs

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

07856 vs 10040 →
Mount Arlington, NJ
Typical home
$504,636
Gross yield
6.4%
07104 vs 10040 →
Newark, NJ
Typical home
$504,197
Gross yield
4.8%
07801
Dover, NJ
Typical home
$503,996
Gross yield
5.9%
11961
Ridge CDP, NY
Typical home
$503,860
Gross yield
8.5%
10566
Peekskill, NY
Typical home
$503,169
Gross yield
6.3%
11367
New York, NY
Typical home
$505,935
Gross yield
5.9%

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Pit ZIP 10040 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · NY10040

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