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These days, finding an affordable place to live in the West Village area can be challenging. Home prices in West Village are now at a median cost of $1,458,158, higher than the Manhattan average of $1,108,809.
The average cost of rent is $2,942/mo in West Village, primarily driven by the current value of real estate in the West Village area. In West Village, 68.94% of households rent, and 44.97% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in West Village is $16,931 per month. Households that rent pay about 17.38% of their income on rent here. West Village’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Greenwich Village, Manhattan, NY: equally priced homes
- Soho, Manhattan, NY: higher priced homes
- Chelsea, Manhattan, NY: less expensive homes
- Little Italy, Manhattan, NY: higher priced homes
- Tribeca, Manhattan, NY: higher priced homes
- Gramercy, Manhattan, NY: less expensive homes
- East Village, Manhattan, NY: less expensive homes
- Garment District, Manhattan, NY: less expensive homes
- Chinatown, Manhattan, NY: less expensive homes
- Kips Bay, Manhattan, NY: less expensive homes
Neighborhoods with Similar Populations
- Back Bay, Boston, MA: equally priced homes
- Logan-Ogontz-Fern Rock, Philadelphia, PA: less expensive homes
- West Seattle, Seattle, WA: less expensive homes
- Woodbridge, Irvine, CA: less expensive homes
- Flint Village, Fall River, MA: less expensive homes
- Five Points, Denver, CO: less expensive homes
- Fairhill, Philadelphia, PA: less expensive homes
- Creston, Grand Rapids, MI: less expensive homes
- Cooper Mountain-Aloha North, Aloha, OR: less expensive homes
- Clifton, Staten Island, NY: less expensive homes
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