The housing in 10005 Financial District, NY is quite expensive with a median price of $1,280,000. This is significantly higher than the US house median value of $338,100 and yet the one-year house appreciation rate for this area is only slightly lower at 8.22%. Therefore, we can infer that this area has become much more desirable to potential buyers over the past 12 months and this trend seems likely to continue going forward.
The median home cost in Financial District (zip 10005) is $1,280,000. Home appreciation the last 10 years has been 62.6%. Home Appreciation in Financial District (zip 10005) is up 10.8%.
Average Age of Homes
- The median age of Financial District (zip 10005) real estate is 75 years old
The Rental Market in Financial District (zip 10005)
- Renters make up 69.5% of the Financial District (zip 10005) population
- 5.2% of houses and apartments in Financial District (zip 10005), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.