Tribeca / SoHo, New York, NY—10013
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Tribeca / SoHo, New York, NY
As of Oct '25, the median home price in Tribeca / SoHo, New York, NY is $3,444,000, with a year-over-year change of 3.0%. This indicates that home prices in Tribeca / 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 | $3,444,000 | 3.0% |
| Single Family | $2,741,000 | 2.7% |
| Condos | $3,507,000 | 3.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $1,599,000 | 3.5% |
2 Bed | $3,122,000 | 4.1% |
3 Bed | $5,214,000 | 6.5% |
4 Bed | $8,082,000 | 9.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Tribeca / SoHo, New York, NY
As of July '25, Rentcast reports the average rent in Tribeca / SoHo, New York, NY is $6,220, with a year-over-year rent change of -4.0%. Per bedroom, the median rent as of July '25 in Tribeca / SoHo, New York, NY is studios: $4,880, 1-bedrooms: $6,070, 2-bedrooms: $7,040, 3-bedrooms: $6,580, 4-bedrooms: $7,480. The most common rental property sizes in Tribeca / SoHo, New York, NY are 1-bedroom and 2-bedroom, accounting for 37.8% and 37.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $6,250 | $6,220 |
| Studio Rent | $4,600 | $4,880 |
| 1 Bed Rent | $5,860 | $6,070 |
| 2 Bed Rent | $7,400 | $7,040 |
| 3 Bed Rent | $6,500 | $6,580 |
| 4 Bed Rent | $7,840 | $7,480 |
% of Rental Stock
Property Listings — Tribeca / SoHo, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Tribeca / SoHo, New York, NY is 57. 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 4.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $4,260,000 | -3.0% |
Listing Count | 234 | -9.0% |
| Listings as % of Homes | 1.3% | -9.0% |
Days on Market | 57 | -6.0% |
Demographics — Tribeca / SoHo, New York, NY
As of the latest ACS Survey released in 2023, Tribeca / SoHo, New York, NY has a population of 28,200, which has decreased by -1.7% over the past 5 years. Tribeca / SoHo, New York, NY is a less popular place for families, as children make up 13.4% of the population. The area has a highly educated workforce, with 72.0% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,200 | -1.7% |
% Under 18 | 13.4% | -20.2% |
% Seniors | 17.6% | 13.5% |
% WFH | 26.2% | 170.1% |
% w/ College Degree | 72.0% | 16.9% |
As of the latest ACS Survey released in 2023, Tribeca / SoHo, New York, NY is a predominantly white area, with 53.1% of the population identifying as white. The white population has grown by 1.3% in the last 5 years. The second most common race or ethnicity in Tribeca / SoHo, New York, NY is asian, making up 30.6% of the population. Foreign-born residents account for 30.8% of the population in Tribeca / SoHo, New York, NY, and this percentage has decreased by 9.4% 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 | 53.1% | 1.3% |
% Black | 3.7% | -15.9% |
% Hispanic | 7.8% | 30.0% |
% Asian | 30.6% | -8.1% |
% Foreign Born | 30.8% | -9.4% |
Mortgage and Risk — Tribeca / SoHo, New York, NY
According to HUD data as of 2023, there were 234 mortgage originations in Tribeca / SoHo, New York, NY, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 1.0% above 90% LTV (normal). This implies small mortgage risk in Tribeca / SoHo, New York, NY. Investor activity is low, as 2.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 234 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 2.0% |
% Second Loans | 16.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Tribeca / SoHo, New York, NY
As of 2024, the percent of homes in Tribeca / SoHo, New York, NY under the Section 8 program is 4.5%. 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 Tribeca / SoHo, 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 | 409 |
Total Units Section 8 | 407 |
% Rentals under Section 8 | 4.5% |
% Occupied Section 8 | 90.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$2,090 | $5,860 | $3,770 |
| 2 Bedroom | -$3,230 | $7,400 | $4,170 |
| 3 Bedroom | -$1,300 | $6,500 | $5,200 |
| 4 Bedroom | -$2,230 | $7,840 | $5,610 |
Affordability — Tribeca / SoHo, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 23.2 |
| Median Home Price | $3,444,000 |
| Median Household Income | $159,000 |