How much is a home worth in ZIP code 10940?

The typical home in 10940 is worth $391,115, based on the Zillow Home Value Index.

Are home values rising in 10940?

Home values in 10940 are up 3.9% over the past year, and up 7.2% a year over five years.

What is the typical rent in 10940?

A typical home in 10940 rents for about $2,309 a month, a gross rental yield of 7.1%.

What is the property tax rate in 10940?

The effective property tax rate in 10940 is 1.9% — roughly $7,391 a year on a typical home.

ZIP code 10940 has a population of 53,611 and a median household income of $87,080.

HousingHandbookReference data

…

U.S. ZIP Code · NY10940

Orange County · Kiryas Joel-Poughkeepsie-Newburgh, NY

Typical home value

$391,115^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.9%
5-year / yr: +7.2%
10-year / yr: +8.2%

Relative price

vs U.S.: +37.7%
vs metro: -20.3%
vs state: +22.8%

Price history

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

The typical home in 10940 is worth $391,115 — 20.3% below the Kiryas Joel-Poughkeepsie-Newburgh, NY median. Over the past year, values have risen 3.9%. Homes here rent for a typical $2,309 a month — a 7.1% gross rental yield. The effective property tax rate is 1.9%.

#Rent & investment

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

Monthly rent: $2,309^[2]
Gross yield: 7.1%^[2]
Cap rate: 4.3%^[2]

#Property tax

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

Effective tax rate: 1.9%^[3]
Typical annual tax: $7,391^[3]

#Climate risk

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

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively High
Coastal flood: Relatively Low
Wildfire: Very Low
Drought: Relatively Moderate
Heat wave: Relatively Moderate
Hurricane: Relatively Moderate
Tornado: Relatively Moderate
Earthquake: Relatively Low
Winter weather: Relatively High

#Who lives here

Population: 53,611^[3]
Median household income: $87,080^[3]

#Migration

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

Net migration: -1,104^[5]
Moved in: 9,064
Moved out: 10,168

Schools

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

Public schools: 10
Elementary: 5
Middle: 3
High: 2

MIDDLETOWN HIGH SCHOOL
High · Grades 9–12 · MIDDLETOWN CITY SCHOOL DISTRICT
2,551 students
PRESIDENTIAL PARK ELEMENTARY SCHOOL
Elementary · Grades K–5 · MIDDLETOWN CITY SCHOOL DISTRICT
1,204 students
MINISINK VALLEY HIGH SCHOOL
High · Grades 9–12 · MINISINK VALLEY CENTRAL SCHOOL DISTRICT
1,116 students
MAPLE HILL ELEMENTARY SCHOOL
Elementary · Grades K–5 · MIDDLETOWN CITY SCHOOL DISTRICT
1,086 students
MIDDLETOWN TWIN TOWERS MIDDLE SCHOOL
Middle · Grades 6–8 · MIDDLETOWN CITY SCHOOL DISTRICT
833 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 yield7.1%

Net yield (after ~40% expenses)4.3%

Annual rent$27,712

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$1,978

Loan principal$312,892

Down payment$78,223

Total interest paid$399,076

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 ratio1.26

Monthly cost to own$2,920

Monthly rent$2,309

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: 60th percentile^[1]
Rental yield: 81st percentile^[2]
Property tax: 52nd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 10940?: The typical home in 10940 is worth $391,115, based on the Zillow Home Value Index.
Are home values rising in 10940?: Home values in 10940 are up 3.9% over the past year, and up 7.2% a year over five years.
What is the typical rent in 10940?: A typical home in 10940 rents for about $2,309 a month, a gross rental yield of 7.1%.
What is the property tax rate in 10940?: The effective property tax rate in 10940 is 1.9% — roughly $7,391 a year on a typical home.
Who lives in 10940?: ZIP code 10940 has a population of 53,611 and a median household income of $87,080.

#Comparable ZIPs

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

12550 vs 10940 →
Orange Lake CDP, NY
Typical home
$394,903
Gross yield
6.0%
12601 vs 10940 →
Poughkeepsie, NY
Typical home
$386,991
Gross yield
5.9%
12538
Haviland CDP, NY
Typical home
$403,087
Gross yield
6.5%
12522
Dover Plains CDP, NY
Typical home
$411,333
Gross yield
—
10928
West Point CDP, NY
Typical home
$411,871
Gross yield
10.3%
10925
Greenwood Lake, NY
Typical home
$411,903
Gross yield
—

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

Compare ZIPs

Pit ZIP 10940 against any other ZIP — full side-by-side table.

Compare 10940 →

#Jump to section

U.S. ZIP Code · NY10940

Get more data on ZIPs like this

Get more data on ZIPs like this