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These days, finding an affordable place to live in the East Village area can be challenging. Home prices in East Village are now at a median cost of $972,916, lower than the Manhattan average of $1,108,809.
The average cost of rent is $2,280/mo in East Village, primarily driven by the current value of real estate in the East Village area. In East Village, 83.17% of households rent, and 60.67% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in East Village is $8,943 per month. Households that rent pay about 25.49% of their income on rent here. East Village’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Gramercy, Manhattan, NY: higher priced homes
- Little Italy, Manhattan, NY: higher priced homes
- Greenwich Village, Manhattan, NY: higher priced homes
- Lower East Side, Manhattan, NY: equally priced homes
- Kips Bay, Manhattan, NY: equally priced homes
- Soho, Manhattan, NY: higher priced homes
- Chinatown, Manhattan, NY: less expensive homes
- West Village, Manhattan, NY: higher priced homes
- Tribeca, Manhattan, NY: higher priced homes
- Murray Hill, Manhattan, NY: equally priced homes
Neighborhoods with Similar Populations
- Austin, Chicago, IL: less expensive homes
- Blossom Valley, San Jose, CA: higher priced homes
- Boyle Heights, Los Angeles, CA: less expensive homes
- Central Mesa, Mesa, AZ: less expensive homes
- Central Phoenix, Phoenix, AZ: less expensive homes
- Chelsea, Manhattan, NY: higher priced homes
- Cordova-Appling, Cordova, TN: less expensive homes
- East End, Houston, TX: less expensive homes
- Westchase, Houston, TX: less expensive homes
- North, Raleigh, NC: less expensive homes
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