Financial District, New York, NY—10005

As of July '25, Rentcast reports the average rent in Financial District, New York, NY is $4,710, with a year-over-year rent change of -7.1%. Per bedroom, the median rent as of July '25 in Financial District, New York, NY is studios: $3,920, 1-bedrooms: $4,700, 2-bedrooms: $5,400, 3-bedrooms: $5,710, 4-bedrooms: $7,130. The most common rental property sizes in Financial District, New York, NY are 1-bedroom and studio, accounting for 43.5% and 37.6% of the rental stock.

As of the latest ACS Survey released in 2023, Financial District, New York, NY has a population of 9,240, which has increased by 4.6% over the past 5 years. Financial District, New York, NY is a less popular place for families, as children make up 9.1% of the population. The area has a highly educated workforce, with 84.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.5% reporting working from home.

As of the latest ACS Survey released in 2023, Financial District, New York, NY is a predominantly white area, with 66.3% of the population identifying as white. The white population has shrunk by 4.5% in the last 5 years. The second most common race or ethnicity in Financial District, New York, NY is asian, making up 14.2% of the population. Foreign-born residents account for 24.7% of the population in Financial District, New York, NY, and this percentage has increased by 10.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

As of 2024, the percent of homes in Financial District, New York, NY under the Section 8 program is 0.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Financial District, New York, NY, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.