Home Price Key
Affordable
Average
Expensive
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 $202,101, lower than the New York average of $481,023.
The average cost of rent is $995/mo in Hamburg, primarily driven by the current value of real estate in the Hamburg area. While nearly 45.55% of residents own their homes outright in Hamburg, 24.11% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hamburg is $6,248 per month. Households that rent pay about 15.92% of their income on rent here. Hamburg's most expensive areas are in the southern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
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Cities with Similar Populations
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- Elmont, NY: higher priced homes
- Fair Oaks, CA: higher priced homes
- Thibodaux, LA: equally priced homes
- Beverly Hills, CA: higher priced homes
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