ZIP 10016
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12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in ZIP 10016 usually run 2.1% below trend in January and 2.2% above it in August, about $221 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 10016 is at its highest level since Zillow's records here began in January 2015.
Rent in ZIP 10016 changed +5.6% over the year to September 2026. Across the 251 New York ZIP codes Zillow tracks, the typical change was +5.6%.
From 2019 to 2024, rent in ZIP 10016 rose 21.8% while median household income rose 10.9% ($126,628 to $140,381). Rent outpaced income.
Rent in ZIP 10016 is 35.5% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 24 months in a row, and rose in 12 of the last 12 months.
30% of the median household income ($140,381) is $3,510 a month. That is less than HUD's Fair Market Rent for a studio ($3,800).
133rd cheapest of 145 ZIP codes in New York.
ZIP 10017, 1 mile away, rents for 13% less ($4,489/mo), about $7,900 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 10016. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 10016 (New York, NY) is majority renter-occupied, skews toward younger working-age adults, has a median income above the national average, 79.8% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 10016 in New York, NY has changed in 5 years
Since 2021, the typical rent in ZIP 10016 in New York, NY has climbed from $3,236 to $5,144, a 59.0% change over five years. Median household income rose from $136,431 to $140,381 between 2021 and 2024, a 2.9% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 6.7% since 2021, moving from about 56,758 residents to roughly 52,971. Renters now make up 74.9% of households, compared with 71.9% five years ago. College-educated residents now make up 79.8% of adults here, versus 82.5% in 2021. Taken together, the five-year picture in ZIP 10016 in New York, NY reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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Tips for renters in ZIP 10016
Last updated: October 17, 2026
ZIP code 10016 covers New York, NY. The median rent here is $5,144/mo as of October 2026. A 1-bedroom rents for a median of $3,990/mo. A 2-bedroom rents for a median of $4,370/mo.
At 44% of local median household income ($140,381/yr), ZIP 10016 ranks as moderate compared to the national benchmark of 30%. Rents have increased 5.6% over the past year.
Frequently asked questions
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How does ZIP 10016 compare to other ZIPs in New York?
How does ZIP 10016 compare to the rest of New York?
At $5,144/mo, rent takes ~44% of ZIP 10016's median household income ($140,381/yr). The standard benchmark is 30%.
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