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Home Prices in the 10030 zip code of Manhattan

The data below shows median sales prices for Manhattan homes, co-ops and condos in the 10030 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 10030 zip code was $295,0001. 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 10030 zip code

Compared to the 3 months ending December 2009, the combined median price for the 3 month period ending December 2010 is 60.67% lower.

The quarterly rolling median price for all homes and apartments in 10030 reached its most recent peak of $1,086,500 in December 2006. At $295,000, the current quarterly rolling median price is now 72.85% lower. When the quarterly rolling median price hit its lowest point (to date) of $172,380 in May 2010 it was 84.13% off the most recent peak. It has since climbed 71.13% from that post peak low.

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

quarterly median sales prices in 10030 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 $525,000 § $65,000 § $367,065 § $295,000 §
November 2010 $525,000 § $80,000 § $367,065 § $270,000 §
October 2010 $525,000 § $80,000 § $410,000 § $297,065 §
September 2010 $963,125 § $67,500 § $385,000 § $279,775
August 2010 $862,500 § $70,000 § $380,000 § $338,000
July 2010 $862,500 § $55,000 $362,500 § $200,000
June 2010 $862,500 § $52,500 § $344,760 § $195,000
May 2010 $785,766 § $45,000 § $330,000 § $172,380
April 2010 $785,766 § $61,000 § $327,000 § $324,000
March 2010 $785,766 § $62,000 § $342,000 § $342,000
February 2010 $1,268,000 § $52,150 § $400,530 § $629,000
January 2010 $1,268,000 § $42,300 § $585,000 § $700,000 §
December 2009 $1,299,500 § $42,300 § $610,000 § $750,000 §

12 Month Rolling Home Price History for the 10030 zip code

The 12 month rolling median price for all homes and apartments in 10030 reached its most recent peak of $749,000 in August 2007. At $295,000, the current 12 month rolling median price is now 60.61% lower. This is the lowest value for the 12 month rolling median price since the August 2007 peak.

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

12 month rolling median sales prices in 10030 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 $717,883 § $60,000 $346,366 $295,000
November 2010 — § — § — § — §
October 2010 $942,883 § $60,000 $370,000 $329,550
September 2010 $1,100,000 § $60,000 § $370,000 $330,000
August 2010 $942,883 § $57,500 § $380,000 $333,000
July 2010 $942,883 § $57,500 § $382,500 $337,500
June 2010 $1,080,000 § $52,500 § $385,000 $344,760
May 2010 $1,060,000 § $45,000 § $403,600 $388,000
April 2010 $1,060,000 § $60,000 § $411,800 § $457,500
March 2010 $835,000 § $62,000 § $420,000 § $475,000
February 2010 $1,007,980 § $113,500 § $470,000 § $525,000
January 2010 $1,007,980 § $165,000 § $472,500 § $525,000
December 2009 $1,007,980 § $165,000 § $470,000 § $512,500

Home Affordability in the 10030 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 10030 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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