Financial District, New York, NY—10006
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Financial District, New York, NY
Home Price Trends — Financial District, New York, NY
As of Oct '25, the median home price in Financial District, New York, NY is $1,017,000, with a year-over-year change of -6.4%. This indicates that home prices in Financial District, New York, NY are decreasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,017,000 | -6.4% |
| Single Family | N/A | N/A |
| Condos | $1,028,000 | -4.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $881,000 | -5.6% |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Financial District, New York, NY
As of July '25, Rentcast reports the average rent in Financial District, New York, NY is $4,470, with a year-over-year rent change of -6.3%. Per bedroom, the median rent as of July '25 in Financial District, New York, NY is studios: $3,820, 1-bedrooms: $4,430, 2-bedrooms: $4,680, 3-bedrooms: $5,110, 4-bedrooms: $6,630. The most common rental property sizes in Financial District, New York, NY are 1-bedroom and studio, accounting for 52.8% and 26.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,950 | $4,470 |
| Studio Rent | $3,700 | $3,820 |
| 1 Bed Rent | $4,300 | $4,430 |
| 2 Bed Rent | $3,800 | $4,680 |
| 3 Bed Rent | $4,650 | $5,110 |
| 4 Bed Rent | $6,500 | $6,630 |
% of Rental Stock
Property Listings — Financial District, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Financial District, New York, NY is 121. This is a decrease of -6.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,240,000 | -17.0% |
Listing Count | 55 | -23.0% |
| Listings as % of Homes | 1.2% | -23.0% |
Days on Market | 121 | -6.0% |
Demographics — Financial District, New York, NY
As of the latest ACS Survey released in 2023, Financial District, New York, NY has a population of 4,480, which has increased by 29.6% over the past 5 years. Financial District, New York, NY is a less popular place for families, as children make up 6.7% of the population. The area has a highly educated workforce, with 84.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,480 | 29.6% |
% Under 18 | 6.7% | -48.5% |
% Seniors | 3.2% | 540.0% |
% WFH | 22.5% | 221.4% |
% w/ College Degree | 84.9% | -8.5% |
As of the latest ACS Survey released in 2023, Financial District, New York, NY is a predominantly white area, with 62.7% of the population identifying as white. The white population has shrunk by 0.8% in the last 5 years. The second most common race or ethnicity in Financial District, New York, NY is asian, making up 23.6% of the population. Foreign-born residents account for 33.7% of the population in Financial District, New York, NY, and this percentage has increased by 5.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 62.7% | -0.8% |
% Black | 6.1% | 510.0% |
% Hispanic | 2.8% | -76.7% |
% Asian | 23.6% | 18.6% |
% Foreign Born | 33.7% | 5.0% |
Mortgage and Risk — Financial District, New York, NY
According to HUD data as of 2023, there were 26 mortgage originations in Financial District, New York, NY, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Financial District, New York, NY. Investor activity is low, as 12.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 26 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 12.0% |
% Second Loans | 15.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
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 0.2%. 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. 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Financial District, New York, NY, because HUD payments exceed market rent, while 1-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 0.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$530 | $4,300 | $3,770 |
| 2 Bedroom | $370 | $3,800 | $4,170 |
| 3 Bedroom | $550 | $4,650 | $5,200 |
| 4 Bedroom | -$890 | $6,500 | $5,610 |
Affordability — Financial District, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $1,017,000 |
| Median Household Income | $210,000 |