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ZIP Code · NY

ZIP 10940

Pop. 53,611·Orange County·217th most expensive ZIP in New York
Median rent (all units)
$2,291/mo
Year-over-Year
+17.0%
Month-over-Month
+0.4%
vs US Median
+$326
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 10940 · $2,291
More expensive than 73% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,410
1 BR
$1,600
2 BR
$2,050
3 BR
$2,600
4 BR+
$2,790
Research median
$2,050/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$27,492/yr
At $2,291/mo median
Location
StateNY
CountyOrange County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 17.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+17.0% YoY, +0.4% MoM), not inventory.
Demographics

Who lives here

ZIP 10940 (Middletown, NY) is majority owner-occupied, 23.6% of residents hold a bachelor's degree or higher.

Population
53,611
Median income
$87,080
Median age
38.1
Renters
38.4%
Age distribution
24.8%
21.5%
27.4%
14.3%
Under 1824.8%
18–3421.5%
35–5427.4%
55–6411.9%
65+14.3%
Gender
50%
50%
Male50%
Female50%
Race & ethnicity
42.5%
22.5%
35.2%
White42.5%
Black22.5%
Hispanic35.2%
Asian3.8%
Education (25+)
13.2%
32.1%
31.1%
23.6%
No HS diploma13.2%
HS diploma32.1%
Some college31.1%
Bachelor's+23.6%
Housing tenure
61.6%
38.4%
Owner61.6%
Renter38.4%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 10940 in Middletown, NY has changed in 5 years

Income
$70,407 → $87,080
up 23.7%
Population
50,932 → 53,611
up 5.3%
Renter share
37% → 38.4%
+1.4 pts
Bachelor's+
22.7% → 23.6%
+0.9 pts
Median age
39.6 → 38.1
-1.5 yrs

Household income in the area moved from $70,407 to $87,080 across the same window, up 23.7% versus 2021. Census counts show ZIP 10940 in Middletown, NY adding about 2,679 residents over the five-year window, up 5.3% on net.

Community

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Local insights

Tips for renters in ZIP 10940

About renting in ZIP 10940

Last updated: July 20, 2026

ZIP code 10940 covers Middletown, NY. The median rent here is $2,291/mo as of July 2026. A 1-bedroom rents for a median of $1,600/mo. A 2-bedroom rents for a median of $2,050/mo.

At 32% of local median household income ($87,080/yr), ZIP 10940 ranks as moderate compared to the national benchmark of 30%. Rents have increased 17.0% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 10940?

As of July 20, 2026, the median monthly rent in ZIP 10940 (Middletown, NY) is $2,291. This is based on aggregated data from public sources and community submissions.

How does ZIP 10940 rent compare to the US average?

ZIP 10940's median rent of $2,291/mo is $326 (17%) above the US national median of $1,965/mo.

How does ZIP 10940 compare to other ZIPs in New York?

ZIP 10940 falls in the middle range for New York, ranking #217 out of 344 ZIPs at $2,291/mo.

How much income do you need to rent in ZIP 10940?

To keep rent at or below 30% of gross income, you would need to earn at least $92,000/year (~$44/hour full-time) to afford the median rent of $2,291/mo in ZIP 10940. The local median household income is $87,080/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 10940?

Rent in ZIP 10940 has increased 17.0% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 10940 an affordable place to rent?

ZIP 10940 is considered moderate for renters. At $2,291/mo, rent takes approximately 32% of the local median household income ($87,080/yr). The standard benchmark is 30%. ZIP 10940 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 10940 residents rent vs. own?

According to Census data, approximately 38.4% of ZIP 10940 households are renters, while 61.6% are owner-occupied. ZIP 10940 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 10940 compare to the rest of Middletown?

ZIP 10940 is pricier than Middletown as a whole. At $2,291/mo, it's $81 above the Middletown citywide median of $2,210/mo.

When was rent data for ZIP 10940 last updated?

Rent data for ZIP 10940 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
32%
MODERATE

At $2,291/mo, rent takes ~32% of ZIP 10940's median household income ($87,080/yr). The standard benchmark is 30%.

ZIP 10940 32%Benchmark 30%
State income tax4–10.9%
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Schools nearby

Public schools near ZIP 10940 (Middletown, NY)

Recent submissions

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