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These days, finding an affordable place to live in the Kips Bay area can be challenging. Home prices in Kips Bay are now at a median cost of $974,689, lower than the Manhattan average of $1,108,809.
The average cost of rent is $2,709/mo in Kips Bay, primarily driven by the current value of real estate in the Kips Bay area. In Kips Bay, 75.22% of households rent, and 49.86% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Kips Bay is $11,929 per month. Households that rent pay about 22.71% of their income on rent here. Kips Bay’s most expensive areas are in the northern regions, while the cheapest areas are in the northwestern 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
- Murray Hill, Manhattan, NY: equally priced homes
- Garment District, Manhattan, NY: less expensive homes
- East Village, Manhattan, NY: equally priced homes
- Chelsea, Manhattan, NY: higher priced homes
- Greenwich Village, Manhattan, NY: higher priced homes
- North Sutton Area, Manhattan, NY: higher priced homes
- Midtown, Manhattan, NY: higher priced homes
- West Village, Manhattan, NY: higher priced homes
- Clinton, Manhattan, NY: higher priced homes
Neighborhoods with Similar Populations
- Rhodes Ranch, Spring Valley, NV: less expensive homes
- Carrollwood, Tampa, FL: less expensive homes
- West Lawn, Chicago, IL: less expensive homes
- Capitol, Madison, WI: less expensive homes
- Northwest, Reno, NV: less expensive homes
- Millard, Omaha, NE: less expensive homes
- North Side, Mount Vernon, NY: less expensive homes
- Active Bethel, Eugene, OR: less expensive homes
- Mililani Waipio Melemanu, Mililani, HI: less expensive homes
- Los Feliz, Los Angeles, CA: higher priced homes
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