How much is a home worth in ZIP code 11238?

The typical home in 11238 is worth $1,218,717, based on the Zillow Home Value Index.

Are home values rising in 11238?

Home values in 11238 are up 5.0% over the past year, and down 0.2% a year over five years.

What is the typical rent in 11238?

A typical home in 11238 rents for about $3,978 a month, a gross rental yield of 3.9%.

What is the property tax rate in 11238?

The effective property tax rate in 11238 is 0.4% — roughly $4,432 a year on a typical home.

ZIP code 11238 has a population of 58,345 and a median household income of $134,523.

HousingHandbookReference data

…

U.S. ZIP Code · NY11238

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

Typical home value

$1,218,717^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +5.0%
5-year / yr: -0.2%
10-year / yr: -2.4%

Relative price

vs U.S.: +329.0%
vs metro: +67.1%
vs state: +282.5%

Price history

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

The typical home in 11238 is worth $1,218,717 — 67.1% above the New York-Newark-Jersey City, NY-NJ median. Over the past year, values have risen 5.0%. Homes here rent for a typical $3,978 a month — a 3.9% gross rental yield. The effective property tax rate is 0.4%.

#Rent & investment

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

Monthly rent: $3,978^[2]
Gross yield: 3.9%^[2]
Cap rate: 2.4%^[2]

#Property tax

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

Effective tax rate: 0.4%^[3]
Typical annual tax: $4,432^[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: 58,345^[3]
Median household income: $134,523^[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: 14
Elementary: 8
Middle: 3
High: 3

PS 11 PURVIS J BEHAN
Elementary · Grades PK–5 · NEW YORK CITY GEOGRAPHIC DISTRICT #13
852 students
BENJAMIN BANNEKER ACADEMY
High · Grades 9–12 · NEW YORK CITY GEOGRAPHIC DISTRICT #13
835 students
PS 9 SARAH SMITH GARNET SCHOOL (THE)
Elementary · Grades PK–5 · NEW YORK CITY GEOGRAPHIC DISTRICT #13
771 students
ACHIEVEMENT FIRST ENDEAVOR CHARTER SCHOOL
Elementary · Grades K–8 · ACHIEVEMENT FIRST ENDEAVOR CHARTER SCHOOL
674 students
PS 316 ELIJAH STROUD
Elementary · Grades PK–5 · NEW YORK CITY GEOGRAPHIC DISTRICT #17
561 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 yield3.9%

Net yield (after ~40% expenses)2.4%

Annual rent$47,738

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$6,162

Loan principal$974,974

Down payment$243,743

Total interest paid$1,243,526

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 ratio1.90

Monthly cost to own$7,544

Monthly rent$3,978

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: 7th percentile^[1]
Rental yield: 19th percentile^[2]
Property tax: 1st percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

9th for lowest property tax in NYView list →

Frequently asked

How much is a home worth in ZIP code 11238?: The typical home in 11238 is worth $1,218,717, based on the Zillow Home Value Index.
Are home values rising in 11238?: Home values in 11238 are up 5.0% over the past year, and down 0.2% a year over five years.
What is the typical rent in 11238?: A typical home in 11238 rents for about $3,978 a month, a gross rental yield of 3.9%.
What is the property tax rate in 11238?: The effective property tax rate in 11238 is 0.4% — roughly $4,432 a year on a typical home.
Who lives in 11238?: ZIP code 11238 has a population of 58,345 and a median household income of $134,523.

#Comparable ZIPs

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

07641 vs 11238 →
Haworth, NJ
Typical home
$1,216,131
Gross yield
—
10804 vs 11238 →
New Rochelle, NY
Typical home
$1,216,123
Gross yield
—
11516
Cedarhurst, NY
Typical home
$1,215,254
Gross yield
—
11935
Cutchogue CDP, NY
Typical home
$1,222,860
Gross yield
—
11219
New York, NY
Typical home
$1,212,701
Gross yield
2.6%
07450
Ridgewood, NJ
Typical home
$1,225,265
Gross yield
4.1%

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Pit ZIP 11238 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · NY11238

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