Expensive
Affordable
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These days, finding an affordable place to live in the Oak Point area can be challenging. Home prices in Oak Point are now at a median cost of $301,800, lower than the New York average of $610,895.
The average cost of rent is $767/mo in Oak Point, primarily driven by the current value of real estate in the Oak Point area. In Oak Point, 21.71% of households rent, and 60.91% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Oak Point is $8,400 per month. Households that rent pay about 9.13% of their income on rent here. Oak Point’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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