West Village, New York, NY—10014
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — West Village, New York, NY
As of Oct '25, the median home price in West Village, New York, NY is $1,795,000, with a year-over-year change of 1.4%. This indicates that home prices in West Village, New York, NY are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,795,000 | 1.4% |
| Single Family | $6,054,000 | 8.7% |
| Condos | $1,606,000 | 0.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $1,231,000 | -0.4% |
2 Bed | $2,472,000 | 1.6% |
3 Bed | $4,784,000 | 4.8% |
4 Bed | $8,852,000 | 10.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — West Village, New York, NY
As of July '25, Rentcast reports the average rent in West Village, New York, NY is $6,010, with a year-over-year rent change of -1.5%. Per bedroom, the median rent as of July '25 in West Village, New York, NY is studios: $4,980, 1-bedrooms: $6,330, 2-bedrooms: $7,030, 3-bedrooms: $6,870, 4-bedrooms: $8,220. The most common rental property sizes in West Village, New York, NY are 1-bedroom and studio, accounting for 47.0% and 29.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $5,710 | $6,010 |
| Studio Rent | $4,900 | $4,980 |
| 1 Bed Rent | $6,100 | $6,330 |
| 2 Bed Rent | $6,790 | $7,030 |
| 3 Bed Rent | $8,250 | $6,870 |
| 4 Bed Rent | $7,950 | $8,220 |
% of Rental Stock
Property Listings — West Village, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in West Village, New York, NY is 40. This is a decrease of -23.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,940,000 | -16.0% |
Listing Count | 222 | -14.0% |
| Listings as % of Homes | 0.8% | -14.0% |
Days on Market | 40 | -23.0% |
Demographics — West Village, New York, NY
As of the latest ACS Survey released in 2023, West Village, New York, NY has a population of 29,800, which has decreased by -3.1% over the past 5 years. West Village, New York, NY is a less popular place for families, as children make up 7.6% 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 many residents working remotely, with 27.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,800 | -3.1% |
% Under 18 | 7.6% | -14.6% |
% Seniors | 18.0% | 20.8% |
% WFH | 27.6% | 162.9% |
% w/ College Degree | 84.9% | 0.5% |
As of the latest ACS Survey released in 2023, West Village, New York, NY is a predominantly white area, with 78.3% of the population identifying as white. The white population has shrunk by 6.7% in the last 5 years. The second most common race or ethnicity in West Village, New York, NY is hispanic, making up 10.8% of the population. Foreign-born residents account for 18.8% of the population in West Village, New York, NY, and this percentage has increased by 14.6% 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 | 78.3% | -6.7% |
% Black | 3.0% | 172.7% |
% Hispanic | 10.8% | 61.2% |
% Asian | 5.1% | -10.5% |
% Foreign Born | 18.8% | 14.6% |
Mortgage and Risk — West Village, New York, NY
According to HUD data as of 2023, there were 184 mortgage originations in West Village, 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 West Village, New York, NY. Investor activity is low, as 3.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 184 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 3.0% |
% Second Loans | 16.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — West Village, New York, NY
As of 2024, the percent of homes in West Village, New York, NY under the Section 8 program is 0.7%. 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 West Village, 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 | 86 |
Total Units Section 8 | 86 |
% Rentals under Section 8 | 0.7% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$2,330 | $6,100 | $3,770 |
| 2 Bedroom | -$2,620 | $6,790 | $4,170 |
| 3 Bedroom | -$3,050 | $8,250 | $5,200 |
| 4 Bedroom | -$2,340 | $7,950 | $5,610 |
Affordability — West Village, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 12.7 |
| Median Home Price | $1,795,000 |
| Median Household Income | $167,000 |