How much is a home worth in ZIP code 11231?

The typical home in 11231 is worth $1,728,689, based on the Zillow Home Value Index.

Are home values rising in 11231?

Home values in 11231 are up 2.1% over the past year, and up 1.7% a year over five years.

What is the typical rent in 11231?

A typical home in 11231 rents for about $4,402 a month, a gross rental yield of 3.1%.

What is the property tax rate in 11231?

The effective property tax rate in 11231 is 0.5% — roughly $7,860 a year on a typical home.

ZIP code 11231 has a population of 38,276 and a median household income of $139,930.

HousingHandbookReference data

…

U.S. ZIP Code · NY11231

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

Typical home value

$1,728,689^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.1%
5-year / yr: +1.7%
10-year / yr: +0.4%

Relative price

vs U.S.: +508.5%
vs metro: +137.0%
vs state: +442.6%

Price history

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

The typical home in 11231 is worth $1,728,689 — 137.0% above the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 2.1%. Homes here rent for a typical $4,402 a month — a 3.1% 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: $4,402^[2]
Gross yield: 3.1%^[2]
Cap rate: 1.8%^[2]

#Property tax

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

Effective tax rate: 0.5%^[3]
Typical annual tax: $7,860^[3]

#Climate risk

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

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

#Who lives here

Population: 38,276^[3]
Median household income: $139,930^[3]

#Migration

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

Net migration: -11,517^[5]
Moved in: 66,853
Moved out: 78,370

Schools

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

Public schools: 9
Elementary: 6
Middle: 0
High: 3

PS 58 CARROLL (THE)
Elementary · Grades PK–5 · NEW YORK CITY GEOGRAPHIC DISTRICT #15
735 students
BROOKLYN COLLABORATIVE STUDIES
High · Grades 6–12 · NEW YORK CITY GEOGRAPHIC DISTRICT #15
645 students
BROOKLYN NEW SCHOOL-PS 146 (THE)
Elementary · Grades PK–5 · NEW YORK CITY GEOGRAPHIC DISTRICT #15
643 students
PS 32 SAMUEL MILLS SPROLE
Elementary · Grades PK–5 · NEW YORK CITY GEOGRAPHIC DISTRICT #15
448 students
PAVE ACADEMY CHARTER SCHOOL
Elementary · Grades K–8 · PAVE ACADEMY CHARTER SCHOOL
439 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 yield3.1%

Net yield (after ~40% expenses)1.8%

Annual rent$52,819

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$8,741

Loan principal$1,382,951

Down payment$345,738

Total interest paid$1,763,878

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 ratio2.46

Monthly cost to own$10,830

Monthly rent$4,402

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: 10th percentile^[1]
Rental yield: 5th percentile^[2]
Property tax: 3rd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 11231?: The typical home in 11231 is worth $1,728,689, based on the Zillow Home Value Index.
Are home values rising in 11231?: Home values in 11231 are up 2.1% over the past year, and up 1.7% a year over five years.
What is the typical rent in 11231?: A typical home in 11231 rents for about $4,402 a month, a gross rental yield of 3.1%.
What is the property tax rate in 11231?: The effective property tax rate in 11231 is 0.5% — roughly $7,860 a year on a typical home.
Who lives in 11231?: ZIP code 11231 has a population of 38,276 and a median household income of $139,930.

#Comparable ZIPs

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

10001 vs 11231 →
New York, NY
Typical home
$1,730,805
Gross yield
—
07717 vs 11231 →
Avon-by-the-Sea, NJ
Typical home
$1,750,167
Gross yield
—
11724
Cold Spring Harbor CDP, NY
Typical home
$1,700,660
Gross yield
—
11964
Shelter Island CDP, NY
Typical home
$1,700,131
Gross yield
—
11576
East Hills, NY
Typical home
$1,698,130
Gross yield
—
10538
Larchmont, NY
Typical home
$1,691,167
Gross yield
—

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#Jump to section

U.S. ZIP Code · NY11231

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