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Home Prices in the 10069 zip code of Manhattan

The data below shows median sales prices for Manhattan homes, co-ops and condos in the 10069 zip code as determined from New York City property records in December 2010. For the 3 months ending December 2010, the median sales price for all homes and apartments in the 10069 zip code was $1,335,0001. A history of quarterly median sales prices is below. For a less volatile look at pricing, see the 12 month rolling median price data. Affordability based on income and recorded home sales is also calculated.

Quarterly Rolling Home Price History for the 10069 zip code

Compared to the 3 months ending December 2009, the combined median price for the 3 month period ending December 2010 is 19.09% lower.

The quarterly rolling median price for all homes and apartments in 10069 reached its most recent peak of $2,253,520 in April 2006. At $1,335,000, the current quarterly rolling median price is now 40.76% lower. When the quarterly rolling median price hit its lowest point (to date) of $992,793 in May 2009 it was 55.94% off the most recent peak. It has since climbed 34.47% from that post peak low.

Quarterly Rolling Median Sales Prices: Houses, CO-OPs, Condos, Combined

quarterly median sales prices in 10069 for houses, co-ops, condos and combined properties

History of Quarterly Rolling Median Sales Prices for the Last Year

Month Houses CO-OPs Condos Combined
December 2010 — § — § $1,335,000 $1,335,000
November 2010 — § — § $1,364,460 $1,364,460
October 2010 — § — § $1,655,000 $1,655,000
September 2010 — § — § $1,603,740 $1,603,740
August 2010 — § — § $1,934,930 $1,934,930
July 2010 — § — § $1,684,260 $1,684,260
June 2010 — § — § $1,939,080 $1,939,080
May 2010 — § — § $1,642,600 $1,642,600
April 2010 — § — § $1,405,180 $1,405,180
March 2010 — § — § $1,300,000 $1,300,000
February 2010 — § — § $1,405,180 $1,405,180
January 2010 — § — § $1,650,000 $1,650,000
December 2009 — § — § $1,650,000 $1,650,000

12 Month Rolling Home Price History for the 10069 zip code

The 12 month rolling median price for all homes and apartments in 10069 reached its most recent peak of $1,629,200 in August 2010. At $1,448,460, the current 12 month rolling median price is now 11.09% lower. This is the lowest value for the 12 month rolling median price since the August 2010 peak.

12 Month Rolling Median Sales Prices: Houses, CO-OPs, Condos, Combined

12 month rolling median sales prices in 10069 for houses, co-ops, condos and combined properties

History of Rolling Median Sales Prices for the Last Year

Month Houses CO-OPs Condos Combined
December 2010 — § — § $1,448,460 $1,448,460
November 2010 — § — § — § — §
October 2010 — § — § $1,616,470 $1,616,470
September 2010 — § — § $1,603,740 $1,603,740
August 2010 — § — § $1,629,200 $1,629,200
July 2010 — § — § $1,574,610 $1,574,610
June 2010 — § — § $1,587,310 $1,587,310
May 2010 — § — § $1,500,000 $1,500,000
April 2010 — § — § $1,425,550 $1,425,550
March 2010 — § — § $1,343,750 $1,343,750
February 2010 — § — § $1,325,000 $1,325,000
January 2010 — § — § $1,325,000 $1,325,000
December 2009 — § — § $1,325,000 $1,325,000

Home Affordability in the 10069 zip code

In 2007, the median household income in Manhattan was $62,2682. Home affordability guidelines suggest that no more than 30% of household income be spent servicing a home loan. For the median Manhattan household, this would have meant that a monthly mortgage payment should not have exceeded $1,557 using the 2007 average mortgage rate of 6.34%3. Combining this with 2007 property sales records, we can calculate that the median income household could have potentially afforded approximately 4.46% of the homes and apartments sold in 10069 in all of 2007.

1. All sales metrics are calculated from NYC Rolling and NYC Annual property sales. Metrics derived from rolling data are preliminary as some sales take months to report. ↩

2. Affordability data, including median income by borough, are calculated from metrics in the NYC Datamine Economic and Housing Profile datasets. ↩

3. Average mortgage rates are from Freddie Mac Primary Mortgage Market Survey Archives and do not include points. ↩

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