The story of this market
The typical home in ZIP 10038 sells for about $925,000, or $1,350 per square foot.
Prices are down 2.5% from a year ago, which gives buyers more room to negotiate. Homes take about 65 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $3,189 a month.
ZIP 10038 — New York
The 10038 housing market remains stable with high price points driven by its prime Lower Manhattan location. While inventory is sufficient, the market is seeing a slight year-over-year price correction, reflecting broader metropolitan trends. Demand remains supported by high-income professionals, though affordability challenges persist for renters and prospective buyers.
This ZIP is ideal for urban professionals and commuters who prioritize proximity to the Financial District and high-density city living, though it is less suited for those seeking traditional suburban space.
Median prices moved down 2.5% year over year.
Homes spend a median of 65 days on market with 4.4 months of supply — a balanced-paced market.
18% 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 5.1% · poverty 19.4% — 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 2.1%/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 3.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 10038, New York County, NY
Crime rates in this Lower Manhattan area are generally lower than the national average for violent crime, though property crime remains a common urban concern consistent with high-density metropolitan centers.
The area is served by the New York City Department of Education, featuring a mix of highly competitive specialized public schools and local zoned schools with varying performance metrics.
The ZIP code is located in a high-density urban environment with significant exposure to flood risks associated with coastal storm surges, necessitating mandatory flood insurance for many properties.
Economic momentum is driven by proximity to the Financial District and ongoing mixed-use redevelopment projects that integrate residential, commercial, and transit-oriented 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%).
Residents benefit from exceptional transit connectivity, with multiple subway lines providing rapid access to the Financial District, Midtown, and Brooklyn employment hubs.
The area offers immediate access to the East River waterfront, numerous historic parks, and world-class shopping and dining districts in the Seaport and Financial District.
The rental market is highly competitive with low vacancy rates, driven by strong demand from young professionals and proximity to major financial institutions.
The economy is anchored by the global financial services sector, with a high concentration of corporate headquarters and professional service firms in the immediate vicinity.
The area is a major transit node served by numerous subway lines, the Staten Island Ferry, and extensive bus networks.
Development is characterized by high-density residential conversions and infrastructure upgrades to improve coastal resiliency.
Not applicable for ZIP level.
Parcels are subject to New York City municipal taxes and various Business Improvement District (BID) assessments.
Property insurance premiums are elevated due to coastal flood zone designations and high-density urban risk profiles.
Not applicable for ZIP level.
Not applicable for ZIP level.
Not applicable for ZIP level.
Data retrieved from Census Reporter and ACS 2024 5-year tables.
- American Dream4.57.9 mi
- DreamWorks Water Park4.37.8 mi
- Nickelodeon Universe Theme Park4.57.8 mi
- Area 53 - Adventure Park4.54.1 mi
- Color Factory NYC4.41.3 mi
- American Dream4.57.9 mi
- MetLife Stadium4.58.3 mi
- Madison Square Garden4.73 mi
- Yankee Stadium4.79.3 mi
- Barclays Center4.52.2 mi
- Times Square4.73.6 mi
- The Metropolitan Museum of Art4.85.4 mi
- Rockefeller Center4.73.8 mi
- Brooklyn Bridge4.80.3 mi
- Central Park4.85.5 mi
- The Metropolitan Museum of Art4.85.4 mi
- Rockefeller Center4.73.8 mi
- Empire State Building4.73 mi
- The Museum of Modern Art4.64 mi
- American Museum of Natural History4.65.3 mi
- Central Park4.85.5 mi
- 9/11 Memorial & Museum4.80.7 mi
- Bryant Park4.73.4 mi
- The High Line4.72.8 mi
- The Battery4.60.8 mi
- Pier 26 at Hudson River Park4.81.1 mi
- Pier 13 Hoboken4.53.2 mi
- Skyport Marina4.22.4 mi
- Pier 814.53.8 mi
- Liberty Landing Marina4.62.1 mi
- 21 Golf Range Powered by Toptracer4.59.6 mi
- Forest Park Golf Course47.1 mi
- Puttery4.72.4 mi
- Dyker Beach Golf Course4.16.3 mi
- Marine Park Golf Course4.38.7 mi
- American Dream4.57.9 mi
- Chelsea Market4.62.4 mi
- Macy's4.43.1 mi
- The Mills at Jersey Gardens4.59.5 mi
- Hudson Yards4.73.2 mi
- Newark Liberty International Airport3.79.2 mi
- LaGuardia Airport4.18.2 mi
- Westchester County Airport429.3 mi
- Teterboro Airport4.410.9 mi
- Republic Airport4.530.7 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 extensive retail, dining, and waterfront entertainment.
Public waterfront park providing walking and cycling paths with skyline views.
Global financial hub and historic district anchor.
Key-figure check: median price diverges 24.3% 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 $1,150,000 (24.3% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: the flagged $1,150,000 (+24.3% 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.