The Most Affordable Neighborhoods in New York County, NY by Home Value

These days, finding an affordable place to live in the New York County area can be challenging. Home prices in New York County are now at a median cost of $1,108,807, higher than the New York average of $610,895.

The average cost of rent is $2,383/mo in New York County, primarily driven by the current value of real estate in the New York County area. In New York County, 74.95% of households rent, and 52.99% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in New York County is $10,567 per month. Households that rent pay about 22.55% of their income on rent here. New York County’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the county.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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