SoHo, New York, NY—10012
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — SoHo, New York, NY
As of Oct '25, the median home price in SoHo, New York, NY is $2,625,000, with a year-over-year change of 4.6%. This indicates that home prices in SoHo, New York, NY are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $2,625,000 | 4.6% |
| Single Family | $4,381,000 | -0.6% |
| Condos | $2,552,000 | 6.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $1,188,000 | 2.6% |
2 Bed | $2,880,000 | 4.8% |
3 Bed | $5,157,000 | 6.6% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — SoHo, New York, NY
As of July '25, Rentcast reports the average rent in SoHo, New York, NY is $5,180, with a year-over-year rent change of -3.0%. Per bedroom, the median rent as of July '25 in SoHo, New York, NY is studios: $4,010, 1-bedrooms: $5,110, 2-bedrooms: $5,890, 3-bedrooms: $7,750. The most common rental property sizes in SoHo, New York, NY are 1-bedroom and 2-bedroom, accounting for 42.1% and 25.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $5,000 | $5,180 |
| Studio Rent | $4,000 | $4,010 |
| 1 Bed Rent | $5,030 | $5,110 |
| 2 Bed Rent | $5,500 | $5,890 |
| 3 Bed Rent | $7,200 | $7,750 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — SoHo, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in SoHo, New York, NY is 64. This is a increase of 8.0% 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.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $3,120,000 | -21.0% |
Listing Count | 173 | 14.0% |
| Listings as % of Homes | 0.8% | 14.0% |
Days on Market | 64 | 8.0% |
Demographics — SoHo, New York, NY
As of the latest ACS Survey released in 2023, SoHo, New York, NY has a population of 21,800, which has decreased by -6.7% over the past 5 years. SoHo, New York, NY is a less popular place for families, as children make up 8.9% of the population. The area has a highly educated workforce, with 83.3% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,800 | -6.7% |
% Under 18 | 8.9% | 6.0% |
% Seniors | 14.3% | 0.7% |
% WFH | 25.5% | 196.5% |
% w/ College Degree | 83.3% | 3.5% |
As of the latest ACS Survey released in 2023, SoHo, New York, NY is a predominantly white area, with 65.9% of the population identifying as white. The white population has shrunk by 5.6% in the last 5 years. The second most common race or ethnicity in SoHo, New York, NY is asian, making up 17.3% of the population. Foreign-born residents account for 28.4% of the population in SoHo, New York, NY, and this percentage has increased by 6.4% 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 | 65.9% | -5.6% |
% Black | 3.3% | 17.9% |
% Hispanic | 10.5% | 64.1% |
% Asian | 17.3% | 0.0% |
% Foreign Born | 28.4% | 6.4% |
Mortgage and Risk — SoHo, New York, NY
According to HUD data as of 2023, there were 80 mortgage originations in SoHo, New York, NY, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 0.0% above 90% LTV (normal). This implies small mortgage risk in SoHo, New York, NY. Investor activity is low, as 3.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 80 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 3.0% |
% Second Loans | 16.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — SoHo, New York, NY
SoHo, New York, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 173 |
Total Units Section 8 | 174 |
% Rentals under Section 8 | 1.8% |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$1,260 | $5,030 | $3,770 |
| 2 Bedroom | -$1,330 | $5,500 | $4,170 |
| 3 Bedroom | -$2,000 | $7,200 | $5,200 |
| 4 Bedroom | N/A | N/A | $5,610 |
Affordability — SoHo, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 22.5 |
| Median Home Price | $2,625,000 |
| Median Household Income | $131,000 |