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These days, finding an affordable place to live in the New York area can be challenging. Home prices in New York are now at a median cost of $286,486, lower than the Florida average of $396,783.
The average cost of rent is $987/mo in New York, primarily driven by the current value of real estate in the New York area. In New York, 8.77% of households rent, and 26.98% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New York is $9,205 per month. Households that rent pay about 10.72% of their income on rent here. New York’s most expensive areas are in the southern 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
- Allentown, FL: less expensive homes
- Brownsdale, FL: less expensive homes
- Cobbtown, FL: less expensive homes
- Mineral Springs, FL: equally priced homes
- Jay, FL: less expensive homes
- Berrydale, FL: less expensive homes
- Molino, FL: equally priced homes
- Mount Carmel, FL: less expensive homes
- Byrneville, FL: less expensive homes
- Century, FL: less expensive homes
Cities with Similar Populations
- Akers, LA: less expensive homes
- Zieglerville, PA: higher priced homes
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- Bradley, OK: less expensive homes
- Belton, KY: less expensive homes
- Batesville, TX: less expensive homes
- Bass Lake, CA: higher priced homes
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