Housing market/New York/ZIP 11216
ZIP 11216 Brooklyn, New York
New York, NY HUD Metro FMR Area · New York. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 11216 · NY — sent to you.
ZIP 11216 · NY
ACS rent vs 2BR SAFMR
ZIP 11216 — Brooklyn, NY HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 11216
- 1-unit detached4321.5%
- 1-unit attached1,7666.1%
- 2–4 units12,18442.3%
- 5–49 units11,76940.8%
- 50+ units2,6749.3%
2–4 unit share 42.3% · 5–49 unit share 40.8% · combined 2–49 83.1%.
Units by bedrooms
Rent burden
- ACS median gross rent $2,180 (all bedrooms, occupied rentals).
- Median contract rent $2,038.
- Renters paying ≥30% of income 45.1%; ≥50% 22.5%.
- FY2027 2BR SAFMR $3,910 (1.794× ACS median gross rent).
Population
59,913 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +6.4%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 85 projects, 2,197 units.
- HUD project-based assisted MF: 16 properties, 1,197 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 6,573 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 11216 76.7% of occupied households are renters; vacancy is 7.5%; ACS median gross rent is $2,180; population increased +6.4% between the 2018 and 2023 ACS vintages; the housing stock includes 12,184 units in 2–4-unit structures and 11,769 units in 5–49-unit structures; 85 LIHTC projects totaling 2,197 units; FY2027 2BR SAFMR is $3,910 versus ACS median gross rent of $2,180. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
New York research
ZIP 11216 is a Census / HUD profile for New York, NY. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 11216 — Brooklyn, NY HUD Section 8 Payment Standards / SAFMR·New York ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is New York research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 11216?
ZIP 11216 (New York, NY HUD Metro FMR Area) has 59,913 residents, 26,664 households, a renter share of 76.7%, median household income of $95,000, and ACS 2023 median gross rent of $2,180. Vacancy is 7.5%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 11216?
ACS counts 4,221 units in 2-unit buildings, 7,963 in 3–4 unit buildings, 5,063 in 5–9, 3,496 in 10–19, and 3,210 in 20–49. Combined 2–49 unit stock is 23,953 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 11216?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $3,910. See the full schedule and 90–110% payment-standard band on the ZIP 11216 — Brooklyn, NY HUD Section 8 Payment Standards / SAFMR.
Does this New York ZIP profile include Georgia listings?
No. ZIP 11216 is Census / HUD research for New York, NY HUD Metro FMR Area. Jeff Crowe CRE does not list New York property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.