Hell's Kitchen, New York, NY—10036
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hell's Kitchen, New York, NY
As of Oct '25, the median home price in Hell's Kitchen, New York, NY is $990,000, with a year-over-year change of -2.1%. This indicates that home prices in Hell's Kitchen, New York, NY are decreasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $990,000 | -2.1% |
| Single Family | N/A | N/A |
| Condos | $969,000 | -1.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $902,000 | -2.2% |
2 Bed | $1,426,000 | 0.5% |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hell's Kitchen, New York, NY
As of July '25, Rentcast reports the average rent in Hell's Kitchen, New York, NY is $5,290, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Hell's Kitchen, New York, NY is studios: $4,180, 1-bedrooms: $4,880, 2-bedrooms: $6,440, 3-bedrooms: $6,820, 4-bedrooms: $2,780. The most common rental property sizes in Hell's Kitchen, New York, NY are 1-bedroom and studio, accounting for 49.3% and 30.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $5,020 | $5,290 |
| Studio Rent | $4,000 | $4,180 |
| 1 Bed Rent | $4,880 | $4,880 |
| 2 Bed Rent | $6,680 | $6,440 |
| 3 Bed Rent | $7,000 | $6,820 |
| 4 Bed Rent | $2,310 | $2,780 |
% of Rental Stock
Property Listings — Hell's Kitchen, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Hell's Kitchen, New York, NY is 89. 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,150,000 | -17.0% |
Listing Count | 118 | -21.0% |
| Listings as % of Homes | 0.5% | -21.0% |
Days on Market | 89 | 8.0% |
Demographics — Hell's Kitchen, New York, NY
As of the latest ACS Survey released in 2023, Hell's Kitchen, New York, NY has a population of 30,600, which has increased by 11.5% over the past 5 years. Hell's Kitchen, New York, NY is a less popular place for families, as children make up 6.9% of the population. The area has a highly educated workforce, with 69.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,600 | 11.5% |
% Under 18 | 6.9% | -12.7% |
% Seniors | 16.0% | 41.6% |
% WFH | 23.4% | 283.6% |
% w/ College Degree | 69.3% | -4.0% |
As of the latest ACS Survey released in 2023, Hell's Kitchen, New York, NY is a predominantly white area, with 51.1% of the population identifying as white. The white population has shrunk by 0.6% in the last 5 years. The second most common race or ethnicity in Hell's Kitchen, New York, NY is hispanic, making up 18.7% of the population. Foreign-born residents account for 31.2% of the population in Hell's Kitchen, New York, NY, and this percentage has decreased by 9.6% 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 | 51.1% | -0.6% |
% Black | 8.1% | 12.5% |
% Hispanic | 18.7% | -13.0% |
% Asian | 15.3% | -19.5% |
% Foreign Born | 31.2% | -9.6% |
Mortgage and Risk — Hell's Kitchen, New York, NY
According to HUD data as of 2023, there were 99 mortgage originations in Hell's Kitchen, New York, NY, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 3.0% above 90% LTV (normal). This implies small mortgage risk in Hell's Kitchen, New York, NY. Investor activity is low, as 2.0% 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 | 99 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 2.0% |
% Second Loans | 11.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Hell's Kitchen, New York, NY
As of 2024, the percent of homes in Hell's Kitchen, New York, NY under the Section 8 program is 13.7%. 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. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Hell's Kitchen, New York, NY, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 2,340 |
Total Units Section 8 | 2,298 |
% Rentals under Section 8 | 13.7% |
% Occupied Section 8 | 91.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$1,480 | $4,880 | $3,400 |
| 2 Bedroom | -$2,920 | $6,680 | $3,760 |
| 3 Bedroom | -$2,310 | $7,000 | $4,690 |
| 4 Bedroom | $2,750 | $2,310 | $5,060 |
Affordability — Hell's Kitchen, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10.7 |
| Median Home Price | $990,000 |
| Median Household Income | $100,000 |