Staten Island Home Prices Have Surged, Some Areas Doubling Or More In Last Decade
Editor’s note: Readers may remember our previous Property Shark articles, including the one about Staten Island’s affordability relative to the rest of New York City and nationally, and it’s also among the most affordable metro areas in proximity to Manhattan.
The following statement was provided by the study author and provides a more in-depth look at the research findings:
“Unlike the often-highlighted North Shore areas (like St. George or Tompkinsville), this study identified neighborhoods that are less often considered by regular New Yorkers, but show the broader affordability migration and potential spillover from more expensive boroughs — with interest rising in neighborhoods that were long overlooked or even disconsidered:
- Park Hill and Clifton have long faced disinvestment but are now showing signs of momentum.
- Richmond Town and Midland Beach highlight the rise in demand for low-density, more suburban-feel neighborhoods.
- Mariners Harbor, on the West Shore, suggests a growing appeal for space, affordability, and access to Staten Island’s industrial-commercial hubs.
For ordinary Islanders pursuing the dream of homeownership, this means increased competition and shrinking affordability from buyers for the other four boroughs. The study also brings further proof that the idea of Staten Island as the so-called forgotten borough is increasingly outdated.
It also means – and has already proven – how quickly affordability and prices in general can shift. Especially when facing pressures from such a high-demand market such as New York and when considering the growing pressures coastal areas are facing amidst growing environmental challenges that are increasingly manifesting as climate gentrification throughout coastal communities in the city and on the island.
On the other end of the buying process are homeowners in these areas who may not realize just how much their property values have grown in recent years. While that may mean a much higher return on their property when selling, it also brings up questions on refinancing, growing property taxes, insurance rates, and community integrity.”
PropertyShark looked into the past decade’s most dramatic home price increases across NYC neighborhoods, spotlighting 24 areas where median sale prices doubled or more. While some of these areas have long been on the upswing, others are now gentrifying, with others yet just starting to show early signs of pre-gentrification.
So, as the NYC median sale price rose 49%, five Staten Island neighborhoods experienced gains as high as 134% over the past decade, driven by high-end developments, rezoning initiatives, infrastructure and transit upgrades, post-Sandy recovery, climate resilience projects, and the influence of hybrid work.
In Staten Island, Clifton (134%) and Park Hill (109%) are showing early signs of pre-gentrification, while Midland Beach signs are starting to point towards climate-fueled pre-gentrification. Conversely, Mariner’s Harbor (112%) is still untouched by gentrification but could shift towards it as interest in hidden Staten Island enclaves strengthens. At the same time, Richmond Town’s (124%) ongoing transformation is already starting to influence surrounding neighborhoods.
Here are some additional highlights:
- Clifton ($547K) and Park Hill ($520K) saw home price growth of 134% and 109% respectively, with early signs of pre-gentrification driven by demand spillover from nearby Stapleton and St. George.
- Richmond Town home prices rose 124% to $756K as the neighborhood reached the edge of pre-gentrification and gentrification and started to influence nearby areas.
- The Midland Beach median sale price rose 107% to $583K, with post-Sandy recovery efforts and flood mitigation projects placing it on a climate-driven pre-gentrification path.
- The median sale price of Mariner’s Harbor jumped 112% to $445K, and while the neighborhood is not currently gentrifying, the growing interest in under-the-radar Staten Island enclaves could, in the future, transform it.
Get the full picture of what’s behind the sharp home price growth of these five Staten Island neighborhoods and how they compare to other areas across NYC where prices doubled or more: https://www.propertyshark.com/Real-Estate-Reports/-Reports/2025/06/03/double-in-a-decade-nyc-neighborhood-price-growth/.
Banner Image: House keys. Image Credit – Jakub Żerdzicki
