Garment District, New York, NY—10018

As of Aug '25, the median home price in Garment District, New York, NY is $1,311,000, with a year-over-year change of -2.1%. This indicates that home prices in Garment District, New York, NY are decreasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.

As of Aug '25 and according to Realtor.com, the median days on market for a home in Garment District, New York, NY is 102. This is an increase of 1.0% from last year. This indicates that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 0.0%. This is a small percentage of inventory, suggesting little supply pressure on home prices.

According to the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in Garment District, New York, NY in that year was 19. 100.0% of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was 62.0%. Of those, 5.0% were >90% loan to value. This is considered normal, suggesting that mortgage risk is small in Garment District, New York, NY. Investor activity in Garment District, New York, NY is low, as 0.0% of all loans are originated by investors. In 2023, 0.0% of all loans were cash-out refinances, suggesting few homeowners are actively tapping their home's equity.