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These days, finding an affordable place to live in the Financial District area can be challenging. Home prices in Financial District are now at a median cost of $1,221,279, higher than the Manhattan average of $1,108,809.
The average cost of rent is $3,307/mo in Financial District, primarily driven by the current value of real estate in the Financial District area. In Financial District, 74.82% of households rent, and 51.93% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Financial District is $16,470 per month. Households that rent pay about 20.08% of their income on rent here. Financial District’s most expensive areas are in the northern 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
- Battery Park, Manhattan, NY: higher priced homes
- Tribeca, Manhattan, NY: higher priced homes
- Chinatown, Manhattan, NY: less expensive homes
- Little Italy, Manhattan, NY: higher priced homes
- Brooklyn Heights, Brooklyn, NY: equally priced homes
- Lower East Side, Manhattan, NY: less expensive homes
- Soho, Manhattan, NY: higher priced homes
- Dumbo, Brooklyn, NY: equally priced homes
- Cobble Hill, Brooklyn, NY: higher priced homes
- Columbia Street Waterfront District, Brooklyn, NY: higher priced homes
Neighborhoods with Similar Populations
- Beacon Hill, Seattle, WA: less expensive homes
- Woodhaven, Queens, NY: less expensive homes
- Brighton Park, Chicago, IL: less expensive homes
- Westland, Galloway, OH: less expensive homes
- Brea-Olinda, Brea, CA: less expensive homes
- Berryessa, San Jose, CA: equally priced homes
- Wheaton-Glenmont, Wheaton, MD: less expensive homes
- Bay Area, Corpus Christi, TX: less expensive homes
- Avondale, Chicago, IL: less expensive homes
- Almaden Valley, San Jose, CA: higher priced homes
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