The Most Affordable Neighborhoods in New York, MO by Home Value

 

New York, MO Map of Most Affordable Neighborhoods
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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 $131,800, lower than the Missouri average of $194,908.

The average cost of rent is $746/mo in New York, primarily driven by the current value of real estate in the New York area. While nearly 58.15% of residents own their homes outright in New York, 23.97% rent.

Housing affordability isn’t just about home prices, though. The average household income in New York is $5,000 per month. Households that rent pay about 14.92% of their income on rent here. New York's most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.


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