Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Chelsea area can be challenging. Home prices in Chelsea are now at a median cost of $1,223,226, higher than the Manhattan average of $1,017,878.
The average cost of rent is $2,302/mo in Chelsea, primarily driven by the current value of real estate in the Chelsea area. While nearly 51.99% of residents own their homes outright in Chelsea, 69.26% rent.
Housing affordability isn’t just about home prices, though. The average household income in Chelsea is $11,423 per month. Households that rent pay about 20.15% of their income on rent here. Chelsea's most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the neighborhood.
Nearby Neighborhoods
- Garment District, Manhattan, NY: equally priced homes
- West Village, Manhattan, NY: equally priced homes
- Greenwich Village, Manhattan, NY: higher priced homes
- Clinton, Manhattan, NY: less expensive homes
- Gramercy, Manhattan, NY: less expensive homes
- Kips Bay, Manhattan, NY: less expensive homes
- Murray Hill, Manhattan, NY: less expensive homes
- Theater District, Manhattan, NY: equally priced homes
- Soho, Manhattan, NY: higher priced homes
- East Village, Manhattan, NY: less expensive homes
Neighborhoods with Similar Populations
- Centennial Hills, Las Vegas, NV: less expensive homes
- Far North Dallas-Keller, Keller, TX: less expensive homes
- Ridgewood, Queens, NY: less expensive homes
- Santa Teresa, San Jose, CA: less expensive homes
- Hamilton Heights, Manhattan, NY: less expensive homes
- Greater Hilltop, Columbus, OH: less expensive homes
- Richmond Hill, Queens, NY: less expensive homes
- Southeast Arlington, Arlington, TX: less expensive homes
- Allston-Brighton, Brighton, MA: less expensive homes
- The Heights, Jersey City, NJ: less expensive homes
All Local Stats
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