The Most Affordable Neighborhoods in Lily Dale, NY by Home Value

These days, finding an affordable place to live in the Lily Dale area can be challenging. Home prices in Lily Dale are now at a median cost of $143,720, lower than the New York average of $610,895.

The average cost of rent is $794/mo in Lily Dale, primarily driven by the current value of real estate in the Lily Dale area. In Lily Dale, 13.68% of households rent, and 52.51% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Lily Dale is $4,203 per month. Households that rent pay about 18.89% of their income on rent here. Lily Dale’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central 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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