The story of this market
The typical home in ZIP 10005 sells for about $973,000, or $1,348 per square foot.
Prices are down 2.4% from a year ago, which gives buyers more room to negotiate. Homes take about 88 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $3,501 a month.
ZIP 10005 — New York
The 10005 housing market remains stable, characterized by high-value luxury inventory and strong demand from high-income professionals. While median prices have seen a slight year-over-year dip, the area's unique position as a global financial hub continues to drive consistent interest. Market conditions are currently balanced, with inventory levels reflecting a steady pace of sales.
This ZIP is ideal for young professionals and commuters who prioritize proximity to the Financial District and world-class transit access, as well as investors seeking high-demand luxury rental assets.
Median prices moved down 2.4% year over year.
Homes spend a median of 88 days on market with 6.2 months of supply — a balanced-paced market.
18% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.6% · poverty 4.3% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 2.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 10005, New York County, NY
The area experiences crime rates typical of a dense, high-traffic financial district, with property crime being the primary concern compared to violent crime. Regional comparisons indicate it remains safer than many surrounding high-density urban neighborhoods.
Public schools serving this ZIP are part of the New York City Geographic District #2, which generally maintains high performance standards, though specific school quality varies by individual institution.
The area is located in a high-density urban environment with significant flood risk due to its proximity to the East River and New York Harbor, necessitating mandatory flood insurance for many properties.
The area is the heart of the Financial District, driven by major financial institutions and corporate headquarters, with ongoing adaptive reuse of historic office buildings into luxury residential units.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. City (New York, New York) — NYC Real Property Tax: Tax is calculated by multiplying the Taxable Billable Assessed Value by the class-specific tax rate set annually by the City Council. For Fiscal Year 2026, rates are: Class 1 (19.843%), Class 2 (12.439%), Class 3 (11.108%), and Class 4 (10.848%).
Residents benefit from exceptional transit access, with nearly all major subway lines (1, 2, 3, 4, 5, R, W, J, Z) within walking distance, providing rapid transit to Midtown and other boroughs.
The area features proximity to the Battery Park City esplanade, the South Street Seaport, and numerous small urban plazas, with high-end shopping and dining concentrated along Wall Street and the surrounding corridors.
The rental market is characterized by high demand and low vacancy rates, driven by young professionals working in finance and tech, with a significant presence of luxury high-rise managed buildings.
The economy is dominated by the financial services sector, with a high concentration of investment banks, law firms, and corporate headquarters, supported by a robust professional services industry.
The area is a primary transit hub for New York City, served by multiple subway lines and ferry terminals at Pier 11, facilitating easy movement throughout the metropolitan area.
Development is focused on the adaptive reuse of commercial office space into residential and mixed-use properties to address housing demand in the downtown core.
Parcels are subject to New York City municipal taxes and various special assessment districts related to Business Improvement Districts (BIDs) in the Financial District.
Property insurance premiums are elevated due to the area's location in a high-density urban flood zone, requiring specialized coverage for high-rise residential structures.
Data retrieved from US Census Bureau ZCTA-level tables and PropertyShark 2024 reports.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- American Dream4.57.7 mi
- DreamWorks Water Park4.37.6 mi
- Nickelodeon Universe Theme Park4.57.6 mi
- Area 53 - Adventure Park4.54.5 mi
- Color Factory NYC4.41.4 mi
- American Dream4.57.7 mi
- MetLife Stadium4.58.1 mi
- Madison Square Garden4.73.2 mi
- Yankee Stadium4.79.6 mi
- Barclays Center4.52.4 mi
- Times Square4.73.8 mi
- The Metropolitan Museum of Art4.85.6 mi
- Rockefeller Center4.74 mi
- Brooklyn Bridge4.80.7 mi
- Central Park4.85.7 mi
- The Metropolitan Museum of Art4.85.6 mi
- Rockefeller Center4.74 mi
- Empire State Building4.73.2 mi
- The Museum of Modern Art4.64.1 mi
- American Museum of Natural History4.65.5 mi
- Central Park4.85.7 mi
- 9/11 Memorial & Museum4.80.4 mi
- Bryant Park4.73.5 mi
- The High Line4.72.9 mi
- The Battery4.60.4 mi
- Pier 26 at Hudson River Park4.81 mi
- Pier 13 Hoboken4.53.2 mi
- Skyport Marina4.22.7 mi
- Pier 814.53.8 mi
- Liberty Landing Marina4.61.7 mi
- 21 Golf Range Powered by Toptracer4.59.6 mi
- Forest Park Golf Course47.5 mi
- Puttery4.72.4 mi
- Dyker Beach Golf Course4.16.2 mi
- Marine Park Golf Course4.38.9 mi
- American Dream4.57.7 mi
- Chelsea Market4.62.5 mi
- Macy's4.43.2 mi
- The Mills at Jersey Gardens4.59.1 mi
- Hudson Yards4.73.3 mi
- Newark Liberty International Airport3.78.9 mi
- LaGuardia Airport4.18.6 mi
- Westchester County Airport429.5 mi
- Teterboro Airport4.410.8 mi
- North Shore University Hospital Heliport4.616.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Historic district with shopping, dining, and waterfront views.
Global financial hub and historic district.
Large waterfront park offering green space and harbor views.
Key-figure check: median price diverges 23.3% from the nearest retained anchor (published ten-year series (2025)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Research outlier held out — this pass returned a median of $1,200,000 (23.3% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: the flagged $1,200,000 (+23.3% vs the published ten-year series (2025)) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.