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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already −0.1% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −11.0% YoY, is the number to watch.
The median listing price is down 0.1% YoY while the median home got up 2.2% bigger, so value per square foot is up 0.8%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $1.50M purchase rents for $5,995/mo: 0.40% of price per month against the 1% rule's 1.00%.
Not shown: 6 BR (sale only, no matching rent), 7 BR (sale only, no matching rent), 8 BR (sale only, no matching rent).
Sales here take about 53 days longer to go under contract than rentals (median across 5 property types).
Not shown: Townhouse (no rent per sq ft reported).
U.S. Census ACS characteristics for ZIP 10003 itself, not its parent county.
Renters hold 62.9% of this ZIP's 24,503 occupied households, on a median household income of $154K.
| Measure | ZIP 10003 | New York County | Difference |
|---|---|---|---|
| Median Household Income | $154K | $104K | +$50K |
| Below Poverty Level | 12.6% | 16.5% | -3.9% |
| Median Age | 31.00 | 38.90 | -7.90 |
| Total Population | 53,560 | 1,629,477 | -- |
| Avg Household Size | 1.75 | 2.00 | -0.25 |
| Owner-Occupied | 37.1% | 25.1% | +12.1% |
| Worked From Home | 31.2% | 25.5% | +5.7% |
| Mean Commute | 23.20 | 31.20 | -8.00 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 0.1% to 1,629,477: residents under 18 are down 1.5% and those 65 and over are up 2.2%.
County median household income is $104K, 16.5% of residents are below the poverty level, 25.5% work from home.