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These days, finding an affordable place to live in the Chinatown area can be challenging. Home prices in Chinatown are now at a median cost of $789,215, lower than the Manhattan average of $1,108,809.
The average cost of rent is $1,230/mo in Chinatown, primarily driven by the current value of real estate in the Chinatown area. In Chinatown, 75.52% of households rent, and 83.90% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Chinatown is $4,379 per month. Households that rent pay about 28.08% of their income on rent here. Chinatown’s most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Little Italy, Manhattan, NY: higher priced homes
- Lower East Side, Manhattan, NY: higher priced homes
- Tribeca, Manhattan, NY: higher priced homes
- Soho, Manhattan, NY: higher priced homes
- Financial District, Manhattan, NY: higher priced homes
- Battery Park, Manhattan, NY: higher priced homes
- East Village, Manhattan, NY: higher priced homes
- Greenwich Village, Manhattan, NY: higher priced homes
- Dumbo, Brooklyn, NY: higher priced homes
- Brooklyn Heights, Brooklyn, NY: higher priced homes
Neighborhoods with Similar Populations
- Rancho Sahuarita, Sahuarita, AZ: less expensive homes
- Midtown Harrisburg, Harrisburg, PA: less expensive homes
- Linden Hills, Minneapolis, MN: equally priced homes
- Howe, Minneapolis, MN: less expensive homes
- Triple Creek, Beaverton, OR: less expensive homes
- Highlands, Lincoln, NE: less expensive homes
- Quintana Community, San Antonio, TX: less expensive homes
- Ortega Hills, Jacksonville, FL: less expensive homes
- Riverside, Jacksonville, FL: less expensive homes
- Lyon Street, Santa Ana, CA: less expensive homes
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