Midtown West, New York, NY—10019
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Midtown West, New York, NY
As of Oct '25, the median home price in Midtown West, New York, NY is $1,193,000, with a year-over-year change of 3.7%. This indicates that home prices in Midtown West, New York, NY are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,193,000 | 3.7% |
| Single Family | $1,020,000 | -9.0% |
| Condos | $1,208,000 | 4.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $911,000 | 2.5% |
2 Bed | $1,750,000 | 3.3% |
3 Bed | $3,408,000 | 6.1% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Midtown West, New York, NY
As of July '25, Rentcast reports the average rent in Midtown West, New York, NY is $5,210, with a year-over-year rent change of -2.6%. Per bedroom, the median rent as of July '25 in Midtown West, New York, NY is studios: $3,840, 1-bedrooms: $5,000, 2-bedrooms: $6,310, 3-bedrooms: $7,190, 4-bedrooms: $8,350. The most common rental property sizes in Midtown West, New York, NY are 1-bedroom and studio, accounting for 46.3% and 24.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,800 | $5,210 |
| Studio Rent | $3,800 | $3,840 |
| 1 Bed Rent | $4,800 | $5,000 |
| 2 Bed Rent | $6,400 | $6,310 |
| 3 Bed Rent | $7,010 | $7,190 |
| 4 Bed Rent | $8,000 | $8,350 |
% of Rental Stock
Property Listings — Midtown West, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Midtown West, New York, NY is 83. This is a decrease of -5.0% 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 6.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,750,000 | -2.0% |
Listing Count | 467 | -4.0% |
| Listings as % of Homes | 1.2% | -4.0% |
Days on Market | 83 | -5.0% |
Demographics — Midtown West, New York, NY
As of the latest ACS Survey released in 2023, Midtown West, New York, NY has a population of 44,300, which has increased by 1.3% over the past 5 years. Midtown West, New York, NY is a less popular place for families, as children make up 6.1% of the population. The area has a highly educated workforce, with 77.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 44,300 | 1.3% |
% Under 18 | 6.1% | -14.1% |
% Seniors | 20.8% | 34.2% |
% WFH | 21.9% | 195.9% |
% w/ College Degree | 77.5% | 7.0% |
As of the latest ACS Survey released in 2023, Midtown West, New York, NY is a predominantly white area, with 55.4% of the population identifying as white. The white population has shrunk by 2.3% in the last 5 years. The second most common race or ethnicity in Midtown West, New York, NY is asian, making up 18.4% of the population. Foreign-born residents account for 34.2% of the population in Midtown West, New York, NY, and this percentage has increased by 7.5% 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 | 55.4% | -2.3% |
% Black | 6.2% | 6.9% |
% Hispanic | 16.6% | -1.2% |
% Asian | 18.4% | 5.7% |
% Foreign Born | 34.2% | 7.5% |
Mortgage and Risk — Midtown West, New York, NY
According to HUD data as of 2023, there were 150 mortgage originations in Midtown West, New York, NY, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 4.0% above 90% LTV (normal). This implies small mortgage risk in Midtown West, New York, NY. Investor activity is low, as 3.0% of loans were by investors. 2.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 150 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 3.0% |
% Second Loans | 19.0% |
% Cash Out Refinance | 2.0% |
Loan Activity
Rentals and Section 8 — Midtown West, New York, NY
As of 2024, the percent of homes in Midtown West, New York, NY under the Section 8 program is 5.6%. 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 Midtown West, 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 | 1,674 |
Total Units Section 8 | 1,195 |
% Rentals under Section 8 | 5.6% |
% Occupied Section 8 | 94.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$1,820 | $4,800 | $2,980 |
| 2 Bedroom | -$3,100 | $6,400 | $3,300 |
| 3 Bedroom | -$2,900 | $7,010 | $4,110 |
| 4 Bedroom | -$3,560 | $8,000 | $4,440 |
Affordability — Midtown West, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10.2 |
| Median Home Price | $1,193,000 |
| Median Household Income | $122,000 |