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 $481,023, higher than the the United States average of $313,691.
The average cost of rent is $1,514/mo in New York, primarily driven by the current value of real estate in the New York area. While nearly 42.96% of residents own their homes outright in New York, 40.78% rent.
Housing affordability isn’t just about home prices, though. The average household income in New York is $7,414 per month. Households that rent pay about 20.42% of their income on rent here. New York's most expensive areas are in the southern regions, while the cheapest areas are in the western parts of the state.
Nearby States
- Connecticut: less expensive homes
- New Jersey: less expensive homes
- Pennsylvania: less expensive homes
- Vermont: less expensive homes
- Massachusetts: equally priced homes
- Rhode Island: less expensive homes
- New Hampshire: less expensive homes
- Delaware: less expensive homes
- Maryland: less expensive homes
- District of Columbia: higher priced homes
States with Similar Populations
- South Carolina: less expensive homes
- Missouri: less expensive homes
- Nebraska: less expensive homes
- Nevada: less expensive homes
- New Mexico: less expensive homes
- North Dakota: less expensive homes
- Ohio: less expensive homes
- Oklahoma: less expensive homes
- Oregon: less expensive homes
- Pennsylvania: less expensive homes
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