The story of this market
The typical home in ZIP 10012 sells for about $2,750,000, or $1,750 per square foot.
Prices are up +52.4% from a year ago, so sellers still have some momentum. Homes take about 91 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $2,895 a month.
ZIP 10012 — New York
The 10012 housing market remains a high-value, low-inventory environment driven by limited supply and strong demand for historic loft properties. While prices have seen significant year-over-year growth, the market is currently experiencing a stabilization in sales velocity. Buyers are highly selective, focusing on prime locations within the Soho district.
This ZIP is ideal for affluent professionals, art-world participants, and investors seeking high-value historic properties in a globally recognized cultural and retail hub.
Median prices moved up 52.4% year over year.
Homes spend a median of 91 days on market with 0.9 months of supply — a fast-moving market.
6% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.1% · poverty 10.7% — 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 3.0%/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 2.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 10012, New York County NY
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime trends in the Soho area are generally consistent with broader Manhattan patterns, characterized by high pedestrian traffic and urban density. Safety metrics are monitored by the NYPD 1st Precinct, which serves the area.
The area is served by the New York City Department of Education, with local schools like PS 42 Benjamin Altman receiving high performance ratings. Overall school quality varies significantly by specific catchment area within the district.
The area is subject to standard urban flood risks and is located within New York City's coastal storm surge zones. Property insurance premiums are influenced by high-density construction and historical building preservation requirements.
Economic momentum is driven by the high-end retail, art gallery, and tech-office sectors in Soho. Infrastructure development focuses on historic preservation and adaptive reuse of cast-iron architecture.
Property taxes are assessed by the New York City Department of Finance based on a complex class-based system. Residential properties in this ZIP are typically Class 1 or Class 2, with rates influenced by city-wide budget requirements and state-mandated caps.
Residents benefit from extensive subway access, including the B, D, F, M, N, R, and 6 lines, providing rapid transit to Midtown and Financial District employment hubs.
The area features iconic shopping districts, numerous art galleries, and proximity to Hudson River Park. Dining and entertainment options are among the most dense in the city.
The rental market is characterized by high demand and low vacancy rates, with a significant presence of luxury lofts and short-term rental regulations enforced by NYC law.
The economy is anchored by high-end retail, fashion, art galleries, and professional services. It serves as a major creative and commercial hub within Manhattan.
The area is highly transit-oriented with multiple subway lines and bus routes providing seamless connectivity throughout New York City.
Development is largely focused on interior renovations and historic preservation, with limited new ground-up construction due to landmark status.
Parcels are subject to New York City municipal taxes and standard utility service districts.
Property insurance is standard for high-density urban environments, with premiums reflecting building age and fire-safety infrastructure.
Data retrieved from US Census Bureau ZCTA 10012 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 Dream4.56.9 mi
- DreamWorks Water Park4.36.8 mi
- Nickelodeon Universe Theme Park4.56.8 mi
- Area 53 - Adventure Park4.54 mi
- Color Factory NYC4.40.4 mi
- American Dream4.56.9 mi
- MetLife Stadium4.57.3 mi
- Madison Square Garden4.71.8 mi
- Yankee Stadium4.78.1 mi
- Barclays Center4.53.2 mi
- Times Square4.72.4 mi
- The Metropolitan Museum of Art4.84.2 mi
- Rockefeller Center4.72.5 mi
- Brooklyn Bridge4.81.3 mi
- Central Park4.84.3 mi
- The Metropolitan Museum of Art4.84.2 mi
- Rockefeller Center4.72.5 mi
- Empire State Building4.71.7 mi
- The Museum of Modern Art4.62.7 mi
- American Museum of Natural History4.64.1 mi
- Central Park4.84.3 mi
- 9/11 Memorial & Museum4.81.2 mi
- Bryant Park4.72.1 mi
- The High Line4.71.6 mi
- The Battery4.61.8 mi
- Pier 26 at Hudson River Park4.80.9 mi
- Pier 13 Hoboken4.52.2 mi
- Skyport Marina4.21.4 mi
- Pier 814.52.5 mi
- Liberty Landing Marina4.62.5 mi
- Van Cortlandt Park Golf Course4.312.6 mi
- 21 Golf Range Powered by Toptracer4.58.3 mi
- Forest Park Golf Course47.1 mi
- Puttery4.71.3 mi
- Dyker Beach Golf Course4.17.6 mi
- American Dream4.56.9 mi
- Chelsea Market4.61.3 mi
- Macy's4.41.8 mi
- The Mills at Jersey Gardens4.510.2 mi
- Hudson Yards4.72 mi
- Newark Liberty International Airport3.79.7 mi
- LaGuardia Airport4.17.4 mi
- Westchester County Airport428.1 mi
- Teterboro Airport4.49.8 mi
- Republic Airport4.530.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
World-renowned architectural district featuring the largest collection of cast-iron buildings.
Extensive waterfront green space providing trails and recreational facilities nearby.
Global destination for luxury fashion, boutiques, and high-end dining.
No county-record distress flags across 1 researched property on the ARED base layer. Key-figure check: median price corroborated by the published ten-year series (2024) (within 12.5%).