The story of this market
The typical home in ZIP 10006 sells for about $995,000, or $1,450 per square foot.
Prices are down 32.13% 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 10006 — New York
The 10006 housing market is currently experiencing a correction, with median prices declining significantly year-over-year. High interest rates and a shift in demand for office-adjacent residential space are driving this cooling trend. While rental demand remains robust, the sales market is seeing longer days on market and increased price sensitivity.
This area is best suited for young professionals and commuters working in the Financial District who prioritize proximity to transit and urban amenities over traditional suburban space.
Median prices moved down 32.1% year over year.
Homes spend a median of 88 days on market with 9.6 months of supply — a slower-moving market.
19% of listings have cut prices · homes sell at 97.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.9% · poverty 14.6% — 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 0.5%/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 2.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 10006, New York County NY
The area has historically reported lower crime rates per capita compared to other New York City neighborhoods, though safety metrics remain complex to summarize.
Public schools serving the area are part of the New York City Department of Education, with quality varying significantly by specific school assignment.
The area is located in a coastal zone with exposure to storm surge and flood risks, necessitating adherence to FEMA flood zone guidelines and specialized insurance coverage.
The area is a dense financial district hub with ongoing adaptive reuse of historic office buildings into residential units and proximity to major transit infrastructure.
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%).
The ZIP code is highly accessible via multiple subway lines (1, 2, 3, 4, 5, R, W) providing direct transit to Midtown Manhattan and other employment hubs.
Residents have access to the Hudson River waterfront, Battery Park, and various historic sites, though local grocery and food retail options are limited compared to residential-heavy neighborhoods.
The rental market is characterized by high demand for luxury apartments and studio units, with rents showing an upward trajectory of 11.34% year-over-year.
The economy is dominated by the financial services sector, with major global banking and investment firms headquartered in or adjacent to the ZIP.
The area serves as a primary transit node for Lower Manhattan, featuring extensive subway connectivity and ferry access.
Development is focused on the revitalization of Lower Manhattan through mixed-use projects and infrastructure upgrades to the transit network.
The New York City Department of Finance manages assessments for all properties within the county.
Parcels are subject to New York City municipal taxes and various special assessment districts related to Business Improvement Districts (BIDs).
Property insurance premiums are influenced by the area's high-density construction and coastal flood zone designation.
New York is a judicial foreclosure state, requiring court intervention for all foreclosure proceedings.
New York requires sellers to provide a Property Condition Disclosure Statement or pay a $500 credit to the buyer at closing.
Data retrieved from US Census Bureau ACS 5-year estimates and DHC tables.
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 Dream4.57.5 mi
- DreamWorks Water Park4.37.4 mi
- Nickelodeon Universe Theme Park4.57.4 mi
- Area 53 - Adventure Park4.54.7 mi
- Color Factory NYC4.41.2 mi
- American Dream4.57.5 mi
- MetLife Stadium4.57.9 mi
- Madison Square Garden4.73 mi
- Yankee Stadium4.79.5 mi
- Barclays Center4.52.7 mi
- Times Square4.73.7 mi
- The Metropolitan Museum of Art4.85.5 mi
- Rockefeller Center4.73.9 mi
- Brooklyn Bridge4.80.9 mi
- Central Park4.85.6 mi
- The Metropolitan Museum of Art4.85.5 mi
- Rockefeller Center4.73.9 mi
- Empire State Building4.73.1 mi
- The Museum of Modern Art4.64.1 mi
- American Museum of Natural History4.65.4 mi
- Central Park4.85.6 mi
- 9/11 Memorial & Museum4.80.2 mi
- Bryant Park4.73.4 mi
- The High Line4.72.7 mi
- The Battery4.60.5 mi
- Pier 26 at Hudson River Park4.80.8 mi
- Pier 13 Hoboken4.53 mi
- Skyport Marina4.22.7 mi
- Liberty Landing Marina4.61.5 mi
- North Cove Marina4.80.3 mi
- 21 Golf Range Powered by Toptracer4.59.4 mi
- Forest Park Golf Course47.7 mi
- Puttery4.72.2 mi
- Dyker Beach Golf Course4.16.4 mi
- Marine Park Golf Course4.39.1 mi
- American Dream4.57.5 mi
- Chelsea Market4.62.3 mi
- Macy's4.43.1 mi
- The Mills at Jersey Gardens4.59 mi
- Hudson Yards4.73.1 mi
- Newark Liberty International Airport3.78.7 mi
- LaGuardia Airport4.18.6 mi
- Westchester County Airport429.5 mi
- Teterboro Airport4.410.6 mi
- North Shore University Hospital Heliport4.617 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major waterfront park offering green space and harbor views.
A significant cultural and historical site located within the ZIP.
A major transportation hub and high-end retail destination.
Key-figure check: median price diverges 20.6% from the nearest retained anchor (published ten-year series (2024)) — 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 (20.6% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: the flagged $1,200,000 (+20.6% vs the published ten-year series (2024)) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.