Welcome to the West Village

This neighborhood encompasses zip codes 10011 and 10014 in Manhattan

Neighborhood Demographics:

• 81,210 people, 51.2% male and 48.8% female
• 15.0% 24 and under, 55.1% 25 to 54, 30.1% 55 and older (median age: 40.3)
• 83.3% White, 7.9% Asian, 3.9% Black, 4.9% other
• 28.3% family households, 71.7% nonfamily households
• 42.6% Bachelor’s degree, 25.2% Master’s degree, 10.4% some college, 8.8% professional degree, 5.6% high school graduate, 4.3% doctorate degree, 3.1% less than high school
• 64.4% renters, 35.6% homeowners
• Median household income: $127,668
• Median house value: $1,017,094
• Median gross rent: $2,189
• 95.2% above poverty level, 4.8% below poverty level

The West Village has very high violent crime and property crime rates compared to the national average. According to Niche there are 1,063.8 assaults, 263 robberies, and 3,627.7 thefts per 100,000 people in the West Village compared to the national average of 282.7 assaults, 135.5 robberies, and 2,042.9 thefts per 100,000 people. In terms of affordability, living in the West Village is very expensive. With a median home value of $1,150,160 and median monthly rent of $2,262, the West Village scored a C- in cost of living. When considering convenience, Niche rated the West Village A for outdoor activity, A+ for nightlife, A+ for commute, and B- for jobs. There are a lot of enjoyable activities and restaurants in the area, and even though there aren’t many jobs you can easily connect to the rest of NYC through public transportation: the 1, A, C, E, B, D, F, M, and L trains are located along the periphery of the neighborhood, and the M8, M11, M12, M14, M20, M21, and M55 bus services ensure that public transportation is available within only a few blocks of any location.

Airbnb Listings in the West Village:

In 2019, there were 768 Airbnb rentals listed in Manhattan’s West Village. Listings were located between latitudes of 40.728610 and 40.740690, and longitudes of -74.010870 and -73.997150. On average, hosts in this neighborhood had 6.5 listings. Listings were available on average about 85.5 days out of the year (availability ranged from 0 to 365 days). It is strange that over one-fourth of the West Village listings on Airbnb were not available at all during the year––it is possible that availability data wasn’t reported by every listing.

The average minimum nights required to reserve the apartment was about 7.8, but the minimum number of nights ranged from one to 365. The bulk of the minimum nights required ranged from 1 to 31 nights, but there were a few rentals that required 45, 60, 90, 100, 120, and 365 nights to book a stay.

Three different room types were offered on Airbnb in the West Village: 85.03% were entire homes or apartments (653 listings), 14.58% were private rooms inside an occupied residence (112 listings), and only 0.39% were shared rooms (3 listings).

With regard to price, the mean price of Airbnb listings in the neighborhood was $267.68 per night. Prices ranged from $50 per night to $4000 per night, but only one-fourth of the prices exceeded $275; there were many outliers in price between $500 and $2000 per night, and three listings were priced at about $2550, $2800, and $4000 per night.

Rents, household incomes, and home values were very high in the West Village relative to both NYC and the Unites States at large. The affluence of this neighborhood is linked to higher prices for Airbnb listings. The average price for Airbnb listings in the West Village was $267.68 per night, the average for Manhattan listings was $196.88 per night, and the average price for Airbnb listing across New York City was $152.72 per night: the West Village Airbnb listings costed far more than those in Manhattan and the entire city.

There is no clear trend between minimum number of nights required to book a listing and price of Airbnb listings across Manhattan. Most of the data stayed close to the origin (low price and few number of nights required), but there were a few outliers where a high minimum number of nights (three outliers with 1000+ nights) is associated with a low price per night or a small minimum number of nights is associated with an astronomical price (three outliers with $10,000 per night).