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These days, finding an affordable place to live in the Midtown area can be challenging. Home prices in Midtown are now at a median cost of $929,420, lower than the Manhattan average of $1,017,878.
The average cost of rent is $2,410/mo in Midtown, primarily driven by the current value of real estate in the Midtown area. While nearly 57.38% of residents own their homes outright in Midtown, 64.79% rent.
Housing affordability isn’t just about home prices, though. The average household income in Midtown is $11,824 per month. Households that rent pay about 20.38% of their income on rent here. Midtown's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the neighborhood.
Nearby Neighborhoods
- Theater District, Manhattan, NY: higher priced homes
- North Sutton Area, Manhattan, NY: higher priced homes
- Garment District, Manhattan, NY: higher priced homes
- Clinton, Manhattan, NY: higher priced homes
- Murray Hill, Manhattan, NY: equally priced homes
- Upper East Side, Manhattan, NY: higher priced homes
- Kips Bay, Manhattan, NY: less expensive homes
- Roosevelt Island, Manhattan, NY: equally priced homes
- Chelsea, Manhattan, NY: higher priced homes
- Gramercy, Manhattan, NY: equally priced homes
Neighborhoods with Similar Populations
- Mira Mesa, San Diego, CA: less expensive homes
- Preston Hollow, Dallas, TX: less expensive homes
- Oxford Circle, Philadelphia, PA: less expensive homes
- Otay Ranch, Chula Vista, CA: less expensive homes
- Oak Lawn, Dallas, TX: less expensive homes
- Northwest, Anaheim, CA: less expensive homes
- Northeast, Virginia Beach, VA: less expensive homes
- Near Northwest, Houston, TX: less expensive homes
- Morris Heights, Bronx, NY: less expensive homes
- Southwestern Denver, Denver, CO: less expensive homes
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