Chelsea / Hudson Yards, New York, NY—10001
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Chelsea / Hudson Yards, New York, NY
As of Oct '25, the median home price in Chelsea / Hudson Yards, New York, NY is $1,709,000, with a year-over-year change of -2.3%. This indicates that home prices in Chelsea / Hudson Yards, New York, NY are decreasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,709,000 | -2.3% |
| Single Family | N/A | N/A |
| Condos | $1,691,000 | -0.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $1,157,000 | -7.4% |
2 Bed | $2,309,000 | -1.4% |
3 Bed | $3,911,000 | 1.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Chelsea / Hudson Yards, New York, NY
As of July '25, Rentcast reports the average rent in Chelsea / Hudson Yards, New York, NY is $5,970, with a year-over-year rent change of -1.8%. Per bedroom, the median rent as of July '25 in Chelsea / Hudson Yards, New York, NY is studios: $4,470, 1-bedrooms: $6,020, 2-bedrooms: $7,830, 3-bedrooms: $7,850. The most common rental property sizes in Chelsea / Hudson Yards, New York, NY are 1-bedroom and studio, accounting for 51.5% and 22.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $5,800 | $5,970 |
| Studio Rent | $4,550 | $4,470 |
| 1 Bed Rent | $6,000 | $6,020 |
| 2 Bed Rent | $8,100 | $7,830 |
| 3 Bed Rent | $8,000 | $7,850 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Chelsea / Hudson Yards, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Chelsea / Hudson Yards, New York, NY is 71. This is a decrease of -20.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $3,220,000 | 30.0% |
Listing Count | 128 | -6.0% |
| Listings as % of Homes | 0.7% | -6.0% |
Days on Market | 71 | -20.0% |
Demographics — Chelsea / Hudson Yards, New York, NY
As of the latest ACS Survey released in 2023, Chelsea / Hudson Yards, New York, NY has a population of 29,100, which has increased by 26.8% over the past 5 years. Chelsea / Hudson Yards, New York, NY is a less popular place for families, as children make up 11.4% of the population. The area has a highly educated workforce, with 71.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,100 | 26.8% |
% Under 18 | 11.4% | 31.0% |
% Seniors | 12.2% | -17.6% |
% WFH | 23.6% | 268.7% |
% w/ College Degree | 71.5% | 5.1% |
As of the latest ACS Survey released in 2023, Chelsea / Hudson Yards, New York, NY is a predominantly white area, with 48.9% of the population identifying as white. The white population has shrunk by 7.9% in the last 5 years. The second most common race or ethnicity in Chelsea / Hudson Yards, New York, NY is hispanic, making up 19.1% of the population. Foreign-born residents account for 26.8% of the population in Chelsea / Hudson Yards, New York, NY, and this percentage has decreased by 17.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 48.9% | -7.9% |
% Black | 10.6% | 71.0% |
% Hispanic | 19.1% | 34.5% |
% Asian | 18.0% | -28.6% |
% Foreign Born | 26.8% | -17.0% |
Mortgage and Risk — Chelsea / Hudson Yards, New York, NY
According to HUD data as of 2023, there were 57 mortgage originations in Chelsea / Hudson Yards, New York, NY, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 0.0% above 90% LTV (normal). This implies small mortgage risk in Chelsea / Hudson Yards, New York, NY. Investor activity is low, as 2.0% of loans were by investors. 2.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 57 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 2.0% |
% Second Loans | 19.0% |
% Cash Out Refinance | 2.0% |
Loan Activity
Rentals and Section 8 — Chelsea / Hudson Yards, New York, NY
Chelsea / Hudson Yards, New York, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1,611 |
Total Units Section 8 | 547 |
% Rentals under Section 8 | 4.5% |
% Occupied Section 8 | 92.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$2,540 | $6,000 | $3,460 |
| 2 Bedroom | -$4,270 | $8,100 | $3,830 |
| 3 Bedroom | -$3,230 | $8,000 | $4,770 |
| 4 Bedroom | N/A | N/A | $5,150 |
Affordability — Chelsea / Hudson Yards, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 15.4 |
| Median Home Price | $1,709,000 |
| Median Household Income | $123,000 |