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Affordable
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These days, finding an affordable place to live in the Laphams Mills area can be challenging. Home prices in Laphams Mills are now at a median cost of $197,737, lower than the New York average of $610,895.
The average cost of rent is $1,175/mo in Laphams Mills, primarily driven by the current value of real estate in the Laphams Mills area. In Laphams Mills, 5.65% of households rent, and 38.70% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Laphams Mills is $9,991 per month. Households that rent pay about 11.76% of their income on rent here. Laphams Mills’s most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern 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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