Housing in Manhattan at a glance
- Population
- about 1,629,477
- Housing units
- about 923,472
- Median value, owner-occupied homes
- $1,126,000New York City: $777,600 (+45%)
- Median gross rent
- $2,200 a monthNew York City: $1,821 (+21%)
- Owner-occupied homes
- 25.1%New York City: 32.8%
- Homes built before 1980
- 78.2%
- Median year built
- 1950
Manhattan leads all five boroughs on value and rent. Owners estimate $1,126,000, 45% above New York City overall, and renters pay $2,200, 21% over the citywide level. Brooklyn follows with $905,000. Queens reaches $724,000, and The Bronx $530,000. Owners are scarce, just 25.1% of households against 32.8% in the city, fourth-highest of the five boroughs, with 583,299 tenant households next to 194,982 owner households. About 78.2% of the housing comes from before 1980, and the typical building dates to 1950. The borough lies north-west of the city's population centre, with 1,629,477 residents and 923,472 housing units.
Questions about Manhattan
What is the median home value in Manhattan, New York City?
$1,126,000 for owner-occupied homes, against $777,600 for New York City as a whole (Payotte estimate from Census ACS 2020-2024 5-year data for the census tracts within the official boundary). It is the owners' own estimate of their home's value, not a sale price.
What is the median rent in Manhattan?
$2,200 a month in gross rent (rent plus utilities paid by the renter), against $1,821 in New York City (Payotte estimate from Census ACS 2020-2024 5-year data for the census tracts within the official boundary).
Do most people in Manhattan own or rent?
Most rent: 25.1% of occupied homes are owner-occupied, against 32.8% in New York City (Payotte estimate from Census ACS 2020-2024 5-year data for the census tracts within the official boundary).
Data and method
Data as of: American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (retrieved 2026-11-02).
Estimate from the 310 census tracts whose internal point lies within the official boundary: counts are summed, and each median is recomputed from the summed value, rent and year-built brackets (grouped median, linear interpolation). The gap with the city is measured with the same method on the whole city. Boundaries used: U.S. Census Bureau: each borough is a county (New York 36061, Bronx 36005, Kings 36047, Queens 36081, Richmond 36085) (consulted 2026-11-02).
Sector boundaries: Boroughs (community districts number 59 and council districts 51, both above 30), The Boroughs (NYC Community Boards).
Sources: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates, tables B01003, B25001, B25003, B25034, B25063, B25064, B25075, B25077; U.S. Census Bureau, 2024 Gazetteer files (census tract internal points). City figures: the same survey, published for New York City as a whole. Home values are owners' estimates, not sale prices.
Near Manhattan
The closest sectors of New York City, by distance between population centres.
Other sectors of New York City
All of New York City · Professionals in New York · All states
Five trades, one spot each
Payotte lists one professional per trade in Manhattan. No one is listed yet: every spot is open.
- Real estate agentOpen spot
- Mortgage loan officerOpen spot
- Home inspectorOpen spot
- Real estate attorneyOpen spot
- AppraiserOpen spot
Work in one of these trades in Manhattan? Ask for your spot.