The Most Affordable Neighborhoods in Montour Falls, NY by Home Value

 

Montour Falls, NY Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Montour Falls area can be challenging. Home prices in Montour Falls are now at a median cost of $118,415, lower than the New York average of $481,023.

The average cost of rent is $661/mo in Montour Falls, primarily driven by the current value of real estate in the Montour Falls area. While nearly 48.54% of residents own their homes outright in Montour Falls, 29.28% rent.

Housing affordability isn’t just about home prices, though. The average household income in Montour Falls is $4,246 per month. Households that rent pay about 15.57% of their income on rent here. Montour Falls's most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.


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