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 $575,962, higher than the New York average of $481,023.
The average cost of rent is $1,759/mo in New York, primarily driven by the current value of real estate in the New York area. While nearly 40.23% of residents own their homes outright in New York, 44.26% rent.
Housing affordability isn’t just about home prices, though. The average household income in New York is $8,495 per month. Households that rent pay about 20.70% of their income on rent here. New York's most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Hoboken, NJ: higher priced homes
- Jersey City, NJ: less expensive homes
- Weehawken, NJ: higher priced homes
- Union City, NJ: less expensive homes
- Manhattan, NY: higher priced homes
- Brooklyn, NY: higher priced homes
- West New York, NJ: less expensive homes
- Guttenberg, NJ: less expensive homes
- North Bergen, NJ: less expensive homes
- Secaucus, NJ: less expensive homes
Cities with Similar Populations
- Lucin, UT: less expensive homes
- Needmore, TX: less expensive homes
- Charco, TX: less expensive homes
- Chesbrough, LA: less expensive homes
- Cedar Grove, NM: less expensive homes
- Cataumet, MA: equally priced homes
- Cayton, NC: less expensive homes
- Coolwell, VA: less expensive homes
- Cameron Mills, NY: less expensive homes
- Cambridge, ME: less expensive homes
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