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Financial District, New York, NY—10005

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$1,082,000
0.1% YoY Growth
Household Income
$212,000
22.2% YoY Growth
Days on Market
99
3.0% Shorter YoY
Home Price Forecast
0.1%
Median Rent
$4,240
7.1% YoY Growth
1-Bed Rent
$4,790
0.2% YoY Growth
2-Bed Rent
$4,600
0.7% YoY Growth
3-Bed Rent
$5,300
0.9% YoY Growth

Other Zip Codes in Financial District, New York, NY

10006
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Financial District, New York, NY

As of Dec '25, the median home price in Financial District, New York, NY is $1,082,000, with a year-over-year change of -0.1%. This indicates that home prices in Financial District, New York, NY are flat. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$1,082,000-0.1%
Single Family N/AN/A
Condos $1,076,000-0.2%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $981,000
    -2.8%
    2 Bed
    		$1,541,000-1.8%
    3 Bed
    		N/AN/A
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    35.4%
    1 Bedroom
    42.0%
    2 Bedrooms
    16.4%
    3 Bedrooms
    4.3%
    4 Bedrooms
    1.8%
    5+ Bedrooms
    0.1%

    Rental Trends — Financial District, New York, NY

    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.

    TypeMedian RentAverage Rent
    Average Rent$4,240$4,710
    Studio Rent $3,870$3,920
    1 Bed Rent $4,790$4,700
    2 Bed Rent $4,600$5,400
    3 Bed Rent $5,300$5,710
    4 Bed Rent $6,900$7,130
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    % of Rental Stock

    Studio
    37.6%
    1 Bedroom
    43.5%
    2 Bedrooms
    14.4%
    3 Bedrooms
    1.8%
    4 Bedrooms
    2.7%

    Property Listings — Financial District, New York, NY

    As of Dec '25, Realtor.com reports that the median days on market for a home in Financial District, New York, NY is 74. This is a increase of 3.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 8.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$1,290,0001.0%
    Listing Count
    		926.0%
    Listings as % of Homes2.3%6.0%
    Days on Market
    		99-3.0%
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    Demographics — Financial District, New York, NY

    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.

    MetricLatest CensusYoY % Change
    Population
    		9,2404.6%
    % Under 18
    		9.1%-27.2%
    % Seniors
    		3.9%200.0%
    % WFH
    		20.5%365.9%
    % w/ College Degree
    		84.3%-4.6%
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    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.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		66.3%-4.5%
    % Black
    		4.4%76.0%
    % Hispanic
    		10.1%46.4%
    % Asian
    		14.2%-16.5%
    % Foreign Born
    		24.7%10.8%
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    Mortgage and Risk — Financial District, New York, NY

    According to HUD data as of 2023, there were 56 mortgage originations in Financial District, New York, NY, of which 98.0% 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 Financial District, New York, NY. Investor activity is low, as 4.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		56
    % Conventional Loans
    		98.0%
    % Government Loans
    		2.0%
    % Investor Loans
    		4.0%
    % Second Loans
    		23.0%
    % Cash Out Refinance
    		0.0%
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    Rentals and Section 8 — Financial District, New York, NY

    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.

    Section 8 Market Size

    Total Units under HUD
    		33
    Total Units Section 8
    		33
    % Rentals under Section 8
    		0.5%
    % Occupied Section 8
    		87.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$1,020$4,790$3,770
    2 Bedroom-$430$4,600$4,170
    3 Bedroom-$100$5,300$5,200
    4 Bedroom-$1,290$6,900$5,610

    Affordability — Financial District, New York, NY

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5.4
    Median Home Price$1,082,000
    Median Household Income$212,000

    Financial District, New York, NY — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Financial District, New York, NY

    10006

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    10279

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    10038

    Tribeca, New York, NY

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    Battery Park City (City), New York, NY

    10280

    Frequently Asked Questions