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These days, finding an affordable place to live in the Locust Valley area can be challenging. Home prices in Locust Valley are now at a median cost of $851,020, higher than the New York average of $610,895.
The average cost of rent is $2,693/mo in Locust Valley, primarily driven by the current value of real estate in the Locust Valley area. In Locust Valley, 13.15% of households rent, and 36.15% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Locust Valley is $13,730 per month. Households that rent pay about 19.62% of their income on rent here. Locust Valley’s most expensive areas are in the eastern 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.
Nearby Cities
- Lattingtown, NY: higher priced homes
- Matinecock, NY: higher priced homes
- Mill Neck, NY: higher priced homes
- Glen Cove, NY: less expensive homes
- Bayville, NY: less expensive homes
- Upper Brookville, NY: higher priced homes
- Old Brookville, NY: higher priced homes
- Oyster Bay, NY: less expensive homes
- Sea Cliff, NY: higher priced homes
- Glen Head, NY: equally priced homes
Cities with Similar Populations
- Roselawn, IN: less expensive homes
- Rio Bravo, TX: less expensive homes
- Rocky Ford, CO: less expensive homes
- Putney, VT: less expensive homes
- Russiaville, IN: less expensive homes
- Russell, KS: less expensive homes
- Rushville, IL: less expensive homes
- Byron, MI: less expensive homes
- Nixon, TX: less expensive homes
- Barre, MA: less expensive homes
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