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These days, finding an affordable place to live in the Long Island area can be challenging. Home prices in Long Island are now at a median cost of $166,880, lower than the Virginia average of $443,089.
The average cost of rent is $853/mo in Long Island, primarily driven by the current value of real estate in the Long Island area. In Long Island, 11.34% of households rent, and 61.62% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Long Island is $3,803 per month. Households that rent pay about 22.42% of their income on rent here. Long Island’s most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Straightstone, VA: equally priced homes
- Green Hill, VA: less expensive homes
- Melrose, VA: equally priced homes
- Stovall, VA: less expensive homes
- Hodges, VA: equally priced homes
- Renan, VA: equally priced homes
- Perth, VA: less expensive homes
- Gladys, VA: equally priced homes
- Hermosa, VA: equally priced homes
- Holts Crossing, VA: equally priced homes
Cities with Similar Populations
- Chandler, MN: equally priced homes
- Wawpecong, IN: equally priced homes
- Waukeenah, FL: higher priced homes
- Warren, TN: higher priced homes
- Warren, CT: higher priced homes
- Wallace, NE: equally priced homes
- Chidester, AR: less expensive homes
- Chester, OH: higher priced homes
- Chattaroy, WV: less expensive homes
- Weaver, TX: higher priced homes
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