Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Gramercy area can be challenging. Home prices in Gramercy are now at a median cost of $966,032, lower than the Manhattan average of $1,017,878.
The average cost of rent is $2,782/mo in Gramercy, primarily driven by the current value of real estate in the Gramercy area. While nearly 51.97% of residents own their homes outright in Gramercy, 71.45% rent.
Housing affordability isn’t just about home prices, though. The average household income in Gramercy is $14,265 per month. Households that rent pay about 19.50% of their income on rent here. Gramercy's most expensive areas are in the western regions, while the cheapest areas are in the southwestern parts of the neighborhood.
Nearby Neighborhoods
- Kips Bay, Manhattan, NY: less expensive homes
- East Village, Manhattan, NY: less expensive homes
- Murray Hill, Manhattan, NY: equally priced homes
- Greenwich Village, Manhattan, NY: higher priced homes
- Garment District, Manhattan, NY: higher priced homes
- Chelsea, Manhattan, NY: higher priced homes
- West Village, Manhattan, NY: higher priced homes
- Little Italy, Manhattan, NY: equally priced homes
- Soho, Manhattan, NY: higher priced homes
- Lower East Side, Manhattan, NY: less expensive homes
Neighborhoods with Similar Populations
- West Central, Mesa, AZ: less expensive homes
- Germantown, Philadelphia, PA: less expensive homes
- Humboldt Park, Chicago, IL: less expensive homes
- Lone Mountain, Las Vegas, NV: less expensive homes
- Lower Valley, El Paso, TX: less expensive homes
- Anaheim Hills, Anaheim, CA: less expensive homes
- Midtown-Memphis, Memphis, TN: less expensive homes
- Southeast Colorado Springs, Colorado Springs, CO: less expensive homes
- Southwestern Denver, Denver, CO: less expensive homes
- University City, San Diego, CA: less expensive homes
All Local Stats
Home Services
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