New York City Real Estate: The Basics
Robust property data powers smart real estate decisions.
Are you on the hunt to buy, sell, or invest in New York City real estate? The property data you need to do so wisely is right here.
The New York metropolitan area encompasses New York City, Newark, Jersey City, and parts of Pennsylvania and Connecticut. In total, it spans more than 4,500 square miles and includes a whopping 21 million residents. It’s the most populated MSA in the entire country.
|Number of properties||7.9 million|
|Total number of foreclosures*||39,554|
|Overall foreclosure rate||0.50% (1 in every 200 housing units)|
|Median Sales Price||$400,000|
|Average Homeownership Tenure||9.48 years|
|Home Flipping Rate||6.6%|
|Gross Flipping Profit||$135,000|
A Look at Detailed New York City Property Data
Having general market data is important, but to make the smartest real estate decisions, you need deep-dive, property-level data as well.
As a buyer, seller, or investor, you should also have access to property data points like:
- Sales and ownership records
- Zoning details
- Property valuations
- Tax and assessor records
- Foreclosure, judgment and lien history
- Mortgage loan data, including balances, lenders, and more
- Recorder and deed data
- Property characteristics, including size, square footage, features, amenities, construction materials, lot number, and more
- Geocodes data
At ATTOM Data Solutions, the above data points are just a small portion of the property-level details we can offer. Want to make sure you have an accurate, up-to-date picture of the market or property you’re considering investing in? Contact us today to try the data out yourself.