NYC neighborhoods where homebuyers can pay less

Real estate trends across the Tri-state post Mamdani victory

FOX 5 NY's Sharon Crowley gives a closer look at some of the real estate trends across the Tri-state area post Mayor-elect Zohran Mamdani's victory in the New York City mayoral election.

NEW YORK - Buyers looking for a New York City home should investigate these neighborhoods first.

Neighborhoods up for negotiation

By the numbers:

Market activity for homebuyers remains strong in New York City, but certain neighborhoods prove more fruitful in regard to negotiated prices, StreetEasy reports.

NEW YORK, UNITED STATES - SEPTEMBER 7: The sun sets over the downtown Manhattan skyline as seen from New Jersey, United States, on September 7, 2025. (Photo by Selcuk Acar/Anadolu via Getty Images)

These 10 neighborhoods have the highest median sale-to-list ratio – in other words, they're most likely to offer potential buyers a discount on their initial asking price.

1. Financial District – 3.9% median discount
2. Bedford-Stuyvesant – 3.6% median discount
3. Chelsea – 3.1% median discount
4. Bay Ridge – 2.7% median discount
5. Midtown East – 2.6% median discount
6. Midtown West – 2.6% median discount
7. Gramercy Park – 2.5% median discount
8. Upper West Side – 2.3% median discount
9. Riverdale – 2.2% median discount
10. Forest Hills – 2.1% median discount

NYC asking rent prices near end of 2025

The citywide median asking price for rent is up over 8% from one year ago.

The Chrysler Building behind air conditioning units installed in windows during high temperatures in New York, US, on Monday, June 23, 2025. In addition to posing health risks, the blistering weather will boost electricity demand and strain aging tra

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StreetEasy also reports that priced-out Manhattan renters have begun to look to Brooklyn and Queens for housing, driving up the asking price for the two neighborhoods.