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These days, finding an affordable place to live in the Monsey area can be challenging. Home prices in Monsey are now at a median cost of $980,558, higher than the New York average of $610,895.
The average cost of rent is $1,941/mo in Monsey, primarily driven by the current value of real estate in the Monsey area. In Monsey, 54.54% of households rent, and 39.11% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Monsey is $5,874 per month. Households that rent pay about 33.04% of their income on rent here. Monsey’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Kaser, NY: equally priced homes
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Cities with Similar Populations
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- New Castle, IN: less expensive homes
- New London, CT: less expensive homes
- New Windsor, NY: less expensive homes
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