Affordable
Expensive
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These days, finding an affordable place to live in the Garment District area can be challenging. Home prices in Garment District are now at a median cost of $856,308, lower than the Manhattan average of $1,108,809.
The average cost of rent is $3,401/mo in Garment District, primarily driven by the current value of real estate in the Garment District area. In Garment District, 77.76% of households rent, and 42.11% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Garment District is $16,310 per month. Households that rent pay about 20.85% of their income on rent here. Garment District’s most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Murray Hill, Manhattan, NY: higher priced homes
- Chelsea, Manhattan, NY: higher priced homes
- Kips Bay, Manhattan, NY: higher priced homes
- Clinton, Manhattan, NY: higher priced homes
- Theater District, Manhattan, NY: higher priced homes
- Midtown, Manhattan, NY: higher priced homes
- Gramercy, Manhattan, NY: higher priced homes
- North Sutton Area, Manhattan, NY: higher priced homes
- Greenwich Village, Manhattan, NY: higher priced homes
- West Village, Manhattan, NY: higher priced homes
Neighborhoods with Similar Populations
- First Ward, Binghamton, NY: less expensive homes
- The Crossing, Las Vegas, NV: less expensive homes
- Jacksonville Heights West, Jacksonville, FL: less expensive homes
- Ingram Hills, San Antonio, TX: less expensive homes
- Heights, Laredo, TX: less expensive homes
- Gresham-Southwest, Gresham, OR: less expensive homes
- Gashland, Kansas City, MO: less expensive homes
- Fort Phantom Area, Abilene, TX: less expensive homes
- Fort des Moines, Des Moines, IA: less expensive homes
- Forest Hills, Jamaica Plain, MA: less expensive homes
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