Here are the most expensive neighborhoods in NYC (2024)

Here are the most expensive neighborhoods in NYC (1)

Brooklyn is home to 19 of the city's priciest.

Here are the most expensive neighborhoods in NYC (2)

Written by

Shaye Weaver

Of the 50 most expensive neighborhoods in New York City,over half are in Manhattan, while Brooklyn is home to 19 of the city's priciest, according to a report by PropertyClublooking at sales in 2020.

Overall, the median sales price in NYC is $700,000. The median price is $1.1 million in Manhattan, $900,000 in Brooklyn, $605,000 in Queens and just $519,000 in Bronx, which is the most affordable.

Noho,Hudson Yards, Tribeca, Central Park South and Nolita took the top five spots for most expensive—with a median sales price above $3 million dollars. In Brooklyn,Cobble Hill was the most expensive, with a median sales price of $1.6 million, followed by Carroll Gardens, Boerum Hill, Fort Greene and Dumbo. As for Queens, the most expensive neighborhood wasDitmars Steinway at $1.1 million, followed by Malba and Long Island City's Hunters Point neighborhood.

PropertyClub said that prices in Noho were higher than usually thanks to new luxury development sales at condos like 40 Bleecker Street.

Interestingly, the Upper East Side and the Upper West Side had the most transactions (1,755 and 1,699, respectively). Noho, the most expensive in Manhattan, had only 57 and Cobble Hill, the most expensive in Brooklyn had just 82. Ditmars in Queens only had 48 transactions.

Most popular on Time Out

- New Yorkers say goodbye to the city’s most infamously chaotic McDonald’s
- Eight ways Pixar’s “Soul” gets NYC right
- The best events in NYC this January
- The 100 best movies of all time
- The best karaoke songs ever

Want to know what’s cool in the city before your friends do? Sign up to our newsletter for the latest and greatest from NYC and beyond.

Share the story

An email you’ll actually love

By entering your email address you agree to our Terms of Use and Privacy Policy and consent to receive emails from Time Out about news, events, offers and partner promotions.

🙌 Awesome, you're subscribed!

Thanks for subscribing! Look out for your first newsletter in your inbox soon!

Popular on Time Out

    Latest news

      Here are the most expensive neighborhoods in NYC (2024)

      FAQs

      Here are the most expensive neighborhoods in NYC? ›

      1 Hudson Yards

      Hudson Yards New York Fall is my favorite season in NYC. Hudson Yards is the number one most expensive district in New York City.

      Where is the most expensive neighborhood in NYC? ›

      Average home price (grouped by borough)
      BoroughRank in BoroughNeighborhood
      Manhattan1Nolita
      Manhattan2Times Square North
      Manhattan3Tribeca
      Manhattan4Hudson Yards
      16 more rows
      Mar 1, 2023

      What are the most expensive communities in NYC? ›

      These Are The 10 Most Expensive Neighborhoods You Can Find In New York City
      • 8 Central Park West.
      • 7 Upper East Side.
      • 6 Upper West Side.
      • 5 DUMBO.
      • 4 Chelsea.
      • 3 Greenwich Village.
      • 2 Gramercy Park.
      • 1 Battery Park City.
      Feb 18, 2023

      What is the most expensive property area in New York? ›

      1 Hudson Yards

      Hudson Yards New York Fall is my favorite season in NYC. Hudson Yards is the number one most expensive district in New York City.

      What are the wealthiest Neighbourhoods in New York State? ›

      Here are the 10 most affluent neighborhoods in New York.
      • East Hills. East Hills is a wealthy village in New York with a median household income of $250K. ...
      • Sands Point. Sands Point is a rich village in New York with a median household income of $250K. ...
      • Plandome. ...
      • Brookville. ...
      • Scarsdale. ...
      • Woodsburgh. ...
      • Lloyd Harbor. ...
      • Garden City.
      Apr 17, 2023

      Is the Upper East Side or Upper West Side richer? ›

      Is the Upper West Side or Upper East Side More Expensive? Both neighborhoods are among the most affluent in the city, and which is more expensive tends to fluctuate. Currently, median property values on the Upper West Side are slightly higher than those on the Upper East Side.

      Where is the most expensive neighborhood? ›

      Manalapan, FL, is America's Most Expensive 'Hood

      The average price of the most expensive neighborhoods in every U.S. state is $5,249,542. America's priciest 'hood is the beachside community of Manalapan in Palm Beach County, Florida, by a margin of 40% over Snowmass, Colorado.

      What is the most expensive street to live on in NYC? ›

      Fifth Avenue is not just one of New York's most famous luxury boutique destinations. It's also a major bus corridor, which is to say the whole avenue isn't just for tourists,” said Danny Pearlstein, policy and communications director for the Riders Alliance.

      Where do most millionaires live in New York City? ›

      Billionaires' Row is an array of ultra-luxury residential skyscrapers, constructed or in development, that are distributed roughly along the southern end of Central Park in Manhattan, New York City.

      Where do most millionaires live in New York? ›

      The most expensive neighborhoods in NYC for 2022 are Noho, Hudson Yards, Tribeca, Central Park South, and Nolita, and the median sales price in all of these areas is above $3 million dollars. As you probably expect, most rich New Yorkers live in Manhattan.

      Where is New York City's most expensive apartment? ›

      It's located on a stretch of skyscraper residential towers known as Billionaire's Row in Manhattan.

      Where is the most expensive place to buy house in NYC? ›

      Hudson Yards was the most expensive neighborhood in New York City, United States in 2021, with the median sales price of homes at 4.75 million U.S. dollars. Out of the top ten most expensive neighborhoods to buy a home, nine were in Manhattan.

      What part of New York do most celebrities live in? ›

      It comes as no surprise that the Upper West Side is one of the most popular neighborhoods for celebrities living in NYC. From buildings that exude modern luxury to ones surrounded by history and extravaganza, this area seems to have a little something for everyone.

      What is the most expensive zip code in Manhattan? ›

      10018 (New York)

      What is the wealthiest county in NY? ›

      Manhattan took the top spot as the wealthiest county in New York, where the average per capita investment income is $69,555; the median home value is listed as $1,306,208, and the average per capita income is $191,220, according to the study.

      Where do old money families live in New York? ›

      The Upper East Side of Manhattan has long been known for old money in New York City (Rockefellers, Roosevelts, Kennedys, etc.). The real estate has been some of the priciest in the city. The Upper East Side includes Park Ave., Madison Ave., and Fifth Ave.

      What is the richest zip code in New York City? ›

      Quogue, New York (11959)

      Why do rich people live Upper East Side? ›

      Known as one of the most affluent areas of New York, the Upper East Side is known for its luxurious residential options, posh lifestyle, and is the playground of New York's elite. The architecture of the area is striking and eye-catching; you'll often find gorgeous examples of neo-gothic and neo-federal architecture.

      Who lives on Upper East Side? ›

      A
      • Roman Abramovich (born 1966) – businessman, investor, and politician.
      • Ronnie Abrams (born 1968), US judge.
      • Roger Ailes (1940–2017) – television executive.
      • Woody Allen (born 1935) – film director, writer, and actor.
      • Herbert Allen Jr. ( ...
      • George B. ...
      • Rand Araskog (1931–2021) – businessman.

      Where do rich people live in USA? ›

      1. Atherton, California. Unless you live in or near Silicon Valley, you may not know of the sleepy town of Atherton, California. Nearly equidistant from San Francisco and San Jose, this village of less than 7,500 residents is home to the wealthiest households in America.

      What are the top 3 most expensive places to live in USA? ›

      Most Expensive Places to Live in the U.S. in 2022-2023
      • Los Angeles, CA.
      • Miami, FL.
      • San Diego, CA.
      • Salinas, CA.
      • Santa Barbara, CA.
      • San Juan, PR.
      • Honolulu, HI.

      What is the richest neighborhood in America? ›

      California remains the home of some of America's wealthiest areas, with the Silicon Valley town of Atherton ranking as the priciest ZIP code in the country, with a $7.4 million median home value, according to Zillow.

      What street is Millionaires Row in NYC? ›

      Join us on a tour of 5th Avenue in New York City, specifically a section of the avenue known as Millionaire's Row. This area was once home to some of the wealthiest families in the United States and was located in midtown Manhattan, near Central Park.

      What is the poorest borough in New York City? ›

      Despite significant investment compared to the post war period, many exacerbated social problems remain including high rates of violent crime, substance abuse, overcrowding, and substandard housing conditions. The Bronx has the highest rate of poverty in New York City, and the greater South Bronx is the poorest area.

      Who owns most of Manhattan? ›

      To the surprise of nobody, the City of New York is the biggest property owner in the five boroughs — with a massive 362.1 million square feet to its name, according to TRD's analysis. Think 1 Police Plaza, Stuyvesant High School and the New York Public Library building on Fifth Avenue.

      How to find a rich guy in NYC? ›

      To help you land your very own Rockefeller, Haute Living has rounded up the top spots to meet wealthy men in NYC.
      1. NIGHTCLUBS. This one may seem obvious, but swanky nightclubs are prime places to meet affluent gents. ...
      2. LOUNGES. Shy men tend to gravitate away from pulsating nightclubs. ...
      3. SPORTING EVENTS. ...
      4. JUICE BARS.
      Jun 12, 2014

      What city has most billionaires? ›

      New York City came out on top of the world's wealthiest cities list with 340,000 millionaires, ahead of Tokyo with 290,300, and San Francisco's Bay Area with 285,000. San Francisco had the most billionaires, with 63, compared with New York's 58.

      What is the richest neighborhood in Brooklyn? ›

      Down Under the Manhattan Bridge Overpass, called Dumbo by New Yorkers, is arguably the most expensive Brooklyn neighborhood thanks to sweeping views of the Manhattan skyline. This hidden enclave did not always evoke thoughts of luxury condos and exalted eateries near the East River waterfront.

      What is the richest part of Long Island? ›

      The richest town on Long Island is Sagaponack. This area spans roughly 4.56 square miles between Wainscott and Bridgehampton and is home to approximately 736 people, only half of whom are full-time residents.

      Is Manhattan only for the rich? ›

      Not at all. The median household income in Manhattan is just over $66,000, which means -- in case you forgot your statistics -- that half of Manhattan households actually make less than $66,000 a year. That is not to say that Manhattan lacks for wealthy residents.

      What is the most famous apartment in New York? ›

      The venerable Dakota is one of the first luxury apartment buildings in New York and certainly the most famous.

      What is the most expensive condo in New York City? ›

      The Most Expensive Apartment In New York City

      The penthouse nestled atop Central Park Tower is not only the highest in New York City but also the most expensive, with an asking price of $250 million.

      Where do billionaires live in NYC? ›

      Billionaires' Row is an array of ultra-luxury residential skyscrapers, constructed or in development, that are distributed roughly along the southern end of Central Park in Manhattan, New York City.

      What is the richest NYC borough? ›

      With a median income of $72,156, Staten Island is the most well-off borough. The farther south on the island you go, the more that's true.

      What is the richest address in New York City? ›

      Notable Residents of 740 Park Ave

      Interestingly, the building has the highest concentration of billionaires in the country and possibly worldwide. Back in 2004, it was reported that 6 out of the Forbes 25 richest New Yorkers – all billionaires – either currently live or had lived at 740 Park Ave.

      Where does old money live in NYC? ›

      The Upper East Side of Manhattan has long been known for old money in New York City (Rockefellers, Roosevelts, Kennedys, etc.). The real estate has been some of the priciest in the city. The Upper East Side includes Park Ave., Madison Ave., and Fifth Ave.

      What is the poorest part of NYC? ›

      Areas of high poverty show patterns of concentration.

      The Poverty Rate map below shows that high-poverty Census tracts (shaded dark on the map) are clustered in the South Bronx, northern Manhattan, northwest Brooklyn, Coney Island, Williamsburg, and Borough Park.

      Where do rich people hang out NYC? ›

      Where is the richest part of New York? With more wealthy people per square foot than anywhere else in New York City, TriBeCa is full of upscale hotels, historic townhouses, and trendy restaurants. For this reason, billionaires are everywhere in TriBeCa. These are just some classic options to enjoy in the neighborhood.

      Which is the poorest borough in New York City? ›

      The Bronx has the highest rate of poverty in New York City, and the greater South Bronx is the poorest area.

      Is Queens richer than Bronx? ›

      THE CITY's analysis also found that, in 2020, Queens became the borough with the smallest share of its population in poverty, at 10.3%, compared to 10.6% in Staten Island and then 16.3% in Manhattan, 17.8% in Brooklyn and 24.4% in The Bronx, which remains the poorest county in New York State.

      Where can I find famous people in NYC? ›

      Anytime a celeb is in town, like Dua Lipa, they always stop by Ray's for a drink. If you're in Manhattan and you're in Soho or if you're in the West Village, you have a better chance of spotting. NoHo, SoHo or the West Village, those are the best spots where you'll have the best chances of seeing celebs.

      Which NYC borough is the cheapest? ›

      The Bronx is NYC's Most Affordable Borough

      With a median sales price of $519,000, the Bronx is the most affordable borough in NYC. Citywide, the median sales price is $700,000, with the Bronx, Staten Island, and Queens being the most affordable boroughs, and Brooklyn and Manhattan being the most expensive.

      Top Articles
      Latest Posts
      Article information

      Author: Arielle Torp

      Last Updated:

      Views: 5970

      Rating: 4 / 5 (61 voted)

      Reviews: 92% of readers found this page helpful

      Author information

      Name: Arielle Torp

      Birthday: 1997-09-20

      Address: 87313 Erdman Vista, North Dustinborough, WA 37563

      Phone: +97216742823598

      Job: Central Technology Officer

      Hobby: Taekwondo, Macrame, Foreign language learning, Kite flying, Cooking, Skiing, Computer programming

      Introduction: My name is Arielle Torp, I am a comfortable, kind, zealous, lovely, jolly, colorful, adventurous person who loves writing and wants to share my knowledge and understanding with you.