Expensive
Affordable
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These days, finding an affordable place to live in the Paines Hollow area can be challenging. Home prices in Paines Hollow are now at a median cost of $156,954, lower than the New York average of $610,895.
The average cost of rent is $840/mo in Paines Hollow, primarily driven by the current value of real estate in the Paines Hollow area. In Paines Hollow, 15.47% of households rent, and 57.06% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Paines Hollow is $5,778 per month. Households that rent pay about 14.54% of their income on rent here. Paines Hollow’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern 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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