The median home value in ZIP Code 11217 (Brooklyn, NY) is $1,250,000. Approximately 28.8% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 3.3%.
The average occupancy of owner-occupied units in ZIP Code 11217 is 2.66 occupants, while owner-occupied units have an aggregate average size of 1.79 bedrooms per housing unit.
In the 11217 ZIP Code, an estimated 71.2% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 4.2%.
Among renter-occupied units in this ZIP, the average occupancy is 2.11 occupants, while renters in this Kings County region spend an average of 0% of their income on housing rental costs.
See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 11217.
| ZIP 11217 | New York | U.S. | |
|---|---|---|---|
| Median Home Value | $1,250,000 | $487,737 | $356,002 |
| Owner-Occupied Housing Units | 28.8% | 53.9% | 64.0% |
| Homeowner Vacancy Rate | 3.3% | 1.7% | 1.6% |
| Average Size of Owner-Occupied Unit | 2.66 | 2.74 | 2.70 |
| Average # of Bedrooms Per Unit | 1.79 | 2.48 | 2.75 |
| Median Housing Rent | $0 | $1,280 | $1,062 |
| Renter-Occupied Housing Units | 71.2% | 46.1% | 36.0% |
| Rental Vacancy Rate | 4.2% | 4.2% | 6.0% |
| Average Size of Renter-Occupied Unit | 2.11 | 2.41 | 2.49 |
| Percent of Income Spent on Rent | 0% | 30.25% | 29.83% |
The median home value in ZIP Code 11217 is $1,250,000. That median value is about 298% higher than the median home value of $313,700 in New York overall, and is 475% higher than the $217,500 the median home value in the entire U.S. An estimated 62.6% of homes in ZIP Code 11217 are valued $1,000,000 or more. That is 713% higher than in New York, in which 7.7% of homes are valued at $1,000,000 or more, and is about 1741% higher than in the U.S. overall (3.4% of homes valued at $1,000,000 or more). The home value range that the smallest portion of ZIP Code 11217 homes fall into is $100,000 to $149,999 (0.2% of homes).
This chart visualizes the breakdown of home values in ZIP Code 11217, New York, and also in the U.S. overall.
See the table below for a regional comparison of home values in ZIP Code 11217.
| Home Value | ZIP 11217 | New York | U.S. |
|---|---|---|---|
| Less than $50,000 | 1.0% | 4.4% | 6.9% |
| $50,000 to $99,999 | 0.5% | 9.9% | 12.0% |
| $100,000 to $149,999 | 0.2% | 10.8% | 13.3% |
| $150,000 to $199,999 | 1.1% | 9.6% | 14.0% |
| $200,000 to $299,999 | 1.2% | 13.6% | 19.6% |
| $300,000 to $499,999 | 7.2% | 22.9% | 19.3% |
| $500,000 to $999,999 | 26.1% | 21.2% | 11.4% |
| $1,000,000 or more | 62.6% | 7.7% | 3.4% |
Approximately 57.2% of homes in this Brooklyn, NY region were built in 1939 or earlier. This amount of homes built in 1939 or earlier in ZIP Code 11217 is about 78% higher than percentage of homes built in this time period in New York overall (32.1% of homes), and is 354% higher the percentage (12.6% of homes) in the U.S. as a whole. Additionally, an esimated 7.5% of local homes were built in 2014 or later. On the other end of the scale, just 1.9% of homes in this Kings County ZIP Code were built in 1990 to 1999 in ZIP Code 11217. In comparison, 6.2% of homes in New York overall were built in 1990 to 1999, while 13.9% of all U.S. homes were built in this time period.
A detailed regional comparison of home ages in ZIP Code 11217.
| Year Built | ZIP 11217 | New York | U.S. |
|---|---|---|---|
| 2014 or later | 7.5% | 1.1% | 2.5% |
| 2010 to 2013 | 2.6% | 1.6% | 2.7% |
| 2000 to 2009 | 7.0% | 6.3% | 14.0% |
| 1990 to 1999 | 1.9% | 6.2% | 13.9% |
| 1980 to 1989 | 2.1% | 7.5% | 13.4% |
| 1970 to 1979 | 4.3% | 9.9% | 15.2% |
| 1960 to 1969 | 5.9% | 12.5% | 10.6% |
| 1950 to 1959 | 6.0% | 14.7% | 10.3% |
| 1940 to 1949 | 5.5% | 8.1% | 4.9% |
| 1939 or earlier | 57.2% | 32.1% | 12.6% |
See the chart below for details on the age of homes in ZIP Code 11217, New York, and also in the U.S. overall. Data here refers to years that homes were built.
Frequently asked questions about housing in this Brooklyn, NY ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 11217.
