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Affordable
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These days, finding an affordable place to live in the Balmat area can be challenging. Home prices in Balmat are now at a median cost of $146,140, lower than the New York average of $610,895.
The average cost of rent is $917/mo in Balmat, primarily driven by the current value of real estate in the Balmat area. In Balmat, 11.34% of households rent, and 54.02% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Balmat is $4,285 per month. Households that rent pay about 21.40% of their income on rent here. Balmat’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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- Harrisville, NY: equally priced homes
- Somerville, NY: less expensive homes
- Pitcairn, NY: equally priced homes
Cities with Similar Populations
- Egan, SD: equally priced homes
- Portlandville, NY: higher priced homes
- Port Barnett, PA: higher priced homes
- Pontiac, MO: higher priced homes
- Pleasant Hill, NE: higher priced homes
- Pineola, NC: higher priced homes
- Pine Tree Corners, DE: higher priced homes
- Dresserville, NY: higher priced homes
- North Norwich, NY: less expensive homes
- New Lebanon, IL: higher priced homes
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