The Most Affordable Neighborhoods in Hamburg, NY by Home Value

These days, finding an affordable place to live in the Hamburg area can be challenging. Home prices in Hamburg are now at a median cost of $265,843, lower than the New York average of $610,895.

The average cost of rent is $1,184/mo in Hamburg, primarily driven by the current value of real estate in the Hamburg area. In Hamburg, 22.80% of households rent, and 45.53% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Hamburg is $7,669 per month. Households that rent pay about 15.44% of their income on rent here. Hamburg’s most expensive areas are in the western 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.

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