Home Price Key
Affordable
Average
Expensive
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 $215,076, lower than the Florida average of $278,762.
The average cost of rent is $1,050/mo in New York, primarily driven by the current value of real estate in the New York area. While nearly 35.29% of residents own their homes outright in New York, 9.55% rent.
Housing affordability isn’t just about home prices, though. The average household income in New York is $7,834 per month. Households that rent pay about 13.41% of their income on rent here. New York's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Allentown, FL: less expensive homes
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Cities with Similar Populations
- Akers, LA: higher priced homes
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- Bradley, OK: less expensive homes
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- Batesville, TX: less expensive homes
- Bass Lake, CA: higher priced homes
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