Why Live in Times Square
Times Square in New York City is renowned for its vibrant atmosphere, characterized by massive digital billboards, Broadway theaters, and constant crowds. Despite its reputation as a tourist hub, some New Yorkers choose to reside here, drawn by the lively environment and convenient location. The neighborhood offers a variety of dining options, including local favorites like Le Marais, Empire Steak House, Mermaid Oyster Bar, and Don Antonio. For nightlife, The Rum House provides cocktails and live music, while The Long Acre Tavern is popular on game days. Essential amenities such as delis, pharmacies, and grocery stores like Food Emporium and Whole Foods are nearby. Shopping options are abundant along Seventh Avenue and Broadway, though often crowded with tourists.
Residential options in Times Square are limited, with a mix of rentals and luxury condos. Notable buildings include the Platinum on West 46th Street and 1600 Broadway on the Square. The Executive Plaza on West 51st Street offers both condos and rentals, attracting investors and pied-à-terre buyers. The neighborhood is well-connected via the subway hub at West 42nd Street and Seventh Avenue, providing access to multiple train lines and the Times Square Shuttle to Grand Central Station.
Times Square hosts major annual events like the New Year’s Eve Ball Drop and Pride celebrations. Nearby Bryant Park offers a respite from the hustle, featuring lunch spots, ping pong tables, and seasonal activities such as yoga, concerts, and movie nights. Schools in the area are highly rated, with PS 111 Adolph S Ochs and Middle 297 both receiving top marks. However, potential residents should consider the high noise levels, heavy pedestrian congestion, and light pollution.
Frequently Asked Questions
Is Times Square a good place to live?
Times Square is a good place to live. Times Square is considered very walkable and a biker's paradise with excellent transit options. Times Square has 6 parks for recreational activities. It is very dense in population with 44.8 people per acre and a median age of 39. The average household income is $122,438 which is above the national average. College graduates make up 62.1% of residents. A majority of residents in Times Square are renters, with 93.6% of residents renting and 6.4% of residents owning their home. A
local real estate agent serving Times Square can help you decide if this neighborhood is the right one for you. Learn more on our
Times Square neighborhood guide.
Is Times Square, NY a safe neighborhood?
Times Square, NY is less safe than the average neighborhood in the United States. It received a crime score of 6 out of 10.
How much do you need to make to afford a house in Times Square?
The median home price in Times Square is $772,500. If you put a 20% down payment of $154,500 and had a 30-year fixed mortgage with an interest rate of 6.56%, your estimated principal and interest payment would be $3,930 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $168K a year to afford the median home price in Times Square. The average household income in Times Square is $122K.
What are the best public schools in Times Square?
The best public schools that serve Times Square are:
What are the best private schools in Times Square?
The best private schools that serve Times Square are:
What are the most popular zip codes in Times Square, Manhattan, NY?
What are the most popular neighborhoods near Times Square, Manhattan, NY?
Are home prices dropping in Times Square?
Yes, home prices in Times Square are down 38% in the last 12 months.
Home Trends in Times Square, NY
On average, homes in Times Square, Manhattan sell after 88 days on the market compared to the national average of 52 days. The median sale price for homes in Times Square, Manhattan over the last 12 months is $737,500, down 22% from the median home sale price over the previous 12 months.
Median Sale Price
$737,500
Median 2 Bedroom Sale Price
$922,500
Median 1 Bedroom Sale Price
$742,500
Average Price Per Sq Ft
$1,203
Number of Homes for Sale
11
Last 12 months Home Sales
10
Median List Price
$772,500
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-22%