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These days, finding an affordable place to live in the Markhams area can be challenging. Home prices in Markhams are now at a median cost of $134,897, lower than the New York average of $610,895.
The average cost of rent is $858/mo in Markhams, primarily driven by the current value of real estate in the Markhams area. In Markhams, 9.77% of households rent, and 53.43% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Markhams is $5,417 per month. Households that rent pay about 15.84% of their income on rent here. Markhams’s most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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- Perrysburg, NY: equally priced homes
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Cities with Similar Populations
- Bruno, NE: higher priced homes
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- Bug, KY: higher priced homes
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