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These days, finding an affordable place to live in the Egypt area can be challenging. Home prices in Egypt are now at a median cost of $393,901, lower than the New York average of $610,895.
The average cost of rent is $1,815/mo in Egypt, primarily driven by the current value of real estate in the Egypt area. In Egypt, 21.79% of households rent, and 42.11% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Egypt is $11,606 per month. Households that rent pay about 15.64% of their income on rent here. Egypt’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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