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These days, finding an affordable place to live in the Little Italy area can be challenging. Home prices in Little Italy are now at a median cost of $1,746,014, higher than the Manhattan average of $1,108,809.
The average cost of rent is $2,406/mo in Little Italy, primarily driven by the current value of real estate in the Little Italy area. In Little Italy, 91.67% of households rent, and 56.72% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Little Italy is $9,806 per month. Households that rent pay about 24.54% of their income on rent here. Little Italy’s most expensive areas are in the central 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
- Chinatown, Manhattan, NY: less expensive homes
- Soho, Manhattan, NY: equally priced homes
- Lower East Side, Manhattan, NY: less expensive homes
- Tribeca, Manhattan, NY: higher priced homes
- East Village, Manhattan, NY: less expensive homes
- Greenwich Village, Manhattan, NY: less expensive homes
- Financial District, Manhattan, NY: less expensive homes
- West Village, Manhattan, NY: less expensive homes
- Battery Park, Manhattan, NY: equally priced homes
- Gramercy, Manhattan, NY: less expensive homes
Neighborhoods with Similar Populations
- Boyd Acres, Bend, OR: less expensive homes
- Western Hills Yarborough, Shreveport, LA: less expensive homes
- Downtown Jamestown, Jamestown, NY: less expensive homes
- Ohio City-West Side, Cleveland, OH: less expensive homes
- Pacific-Riverside, San Bernardino, CA: less expensive homes
- Robla, Sacramento, CA: less expensive homes
- Rosemont, Orlando, FL: less expensive homes
- East Rock, New Haven, CT: less expensive homes
- East Houston, Houston, TX: less expensive homes
- Twin Lakes, Federal Way, WA: less expensive homes
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