ZIP 10040
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in ZIP 10040 usually run 1% below trend in January and 1.4% above it in August, about $71 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 10040 is at its highest level since Zillow's records here began in January 2015.
Rent in ZIP 10040 changed +5.9% 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 10040 rose 21% while median household income rose 31.9% ($49,677 to $65,516). Income kept ahead of rent.
Rent in ZIP 10040 is 32.5% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 6 months in a row, and rose in 10 of the last 12 months.
30% of the median household income ($65,516) is $1,638 a month. That is less than HUD's Fair Market Rent for a studio ($2,350).
60th cheapest of 145 ZIP codes in New York.
ZIP 10034, 1 mile away, rents for 12% less ($2,610/mo), about $4,100 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 10040. 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 10040 (New York, NY) is majority renter-occupied, has a median income below the national average, 39% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 10040 in New York, NY has changed in 5 years
Rent in ZIP 10040 in New York, NY has increased 38.6% since 2021, going from about $2,132 per month to roughly $2,955 today. On the earnings side, the typical household in ZIP 10040 in New York, NY now reports about $65,516, up from $54,700 in 2021. Rent outpaced income growth by roughly 18.8 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 45,771 to 40,096 between 2021 and 2024, a 12.4% change. About 84.1% of households rent today, against 87.1% in 2021. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 10040 in New York, NY reflects that arc in its own way.
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Tips for renters in ZIP 10040
Last updated: October 17, 2026
ZIP code 10040 covers New York, NY. The median rent here is $2,955/mo as of October 2026. A 1-bedroom rents for a median of $2,470/mo. A 2-bedroom rents for a median of $2,710/mo.
At 54% of local median household income ($65,516/yr), ZIP 10040 ranks as expensive compared to the national benchmark of 30%. Rents have increased 5.9% over the past year.
Frequently asked questions
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How does ZIP 10040 compare to other ZIPs in New York?
How does ZIP 10040 compare to the rest of New York?
At $2,955/mo, rent takes ~54% of ZIP 10040's median household income ($65,516/yr). The standard benchmark is 30%.
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