Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the New Rochelle area can be challenging. Home prices in New Rochelle are now at a median cost of $534,822, higher than the New York average of $481,023.
The average cost of rent is $1,880/mo in New Rochelle, primarily driven by the current value of real estate in the New Rochelle area. While nearly 37.85% of residents own their homes outright in New Rochelle, 46.37% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Rochelle is $8,996 per month. Households that rent pay about 20.89% of their income on rent here. New Rochelle's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Pelham, NY: higher priced homes
- Larchmont, NY: higher priced homes
- Pelham Manor, NY: higher priced homes
- Mount Vernon, NY: less expensive homes
- Bronxville, NY: equally priced homes
- Tuckahoe, NY: equally priced homes
- Mamaroneck, NY: higher priced homes
- Eastchester, NY: higher priced homes
- Yonkers, NY: less expensive homes
- Scarsdale, NY: higher priced homes
Cities with Similar Populations
- Suffolk, VA: less expensive homes
- Sugar Land, TX: less expensive homes
- Redondo Beach, CA: higher priced homes
- Riverview, FL: less expensive homes
- Redlands, CA: less expensive homes
- Richardson, TX: less expensive homes
- Rocklin, CA: equally priced homes
- Roanoke, VA: less expensive homes
- Rock Hill, SC: less expensive homes
- Rochester Hills, MI: less expensive homes
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