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Affordable
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These days, finding an affordable place to live in the Paul Smiths area can be challenging. Home prices in Paul Smiths are now at a median cost of $245,515, lower than the New York average of $610,895.
The average cost of rent is $1,088/mo in Paul Smiths, primarily driven by the current value of real estate in the Paul Smiths area. In Paul Smiths, 28.49% of households rent, and 58.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Paul Smiths is $5,525 per month. Households that rent pay about 19.69% of their income on rent here. Paul Smiths’s most expensive areas are in the western 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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Cities with Similar Populations
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