The Most Affordable Neighborhoods in Lower East Side, Manhattan, NY by Home Value

 

Lower East Side, Manhattan, NY Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Lower East Side area can be challenging. Home prices in Lower East Side are now at a median cost of $794,784, lower than the Manhattan average of $1,017,878.

The average cost of rent is $1,092/mo in Lower East Side, primarily driven by the current value of real estate in the Lower East Side area. While nearly 67.88% of residents own their homes outright in Lower East Side, 79.46% rent.

Housing affordability isn’t just about home prices, though. The average household income in Lower East Side is $4,044 per month. Households that rent pay about 26.99% of their income on rent here. Lower East Side's most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the neighborhood.


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