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Affordable
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These days, finding an affordable place to live in the Penn Yan area can be challenging. Home prices in Penn Yan are now at a median cost of $215,088, lower than the New York average of $610,895.
The average cost of rent is $804/mo in Penn Yan, primarily driven by the current value of real estate in the Penn Yan area. In Penn Yan, 28.39% of households rent, and 51.07% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Penn Yan is $6,043 per month. Households that rent pay about 13.30% of their income on rent here. Penn Yan’s most expensive areas are in the southwestern 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.
Nearby Cities
- Milo Mills, NY: less expensive homes
- Potter, NY: equally priced homes
- Benton Center, NY: equally priced homes
- Milo Center, NY: higher priced homes
- Yatesville, NY: equally priced homes
- Second Milo, NY: higher priced homes
- Dresden, NY: higher priced homes
- Keuka Park, NY: higher priced homes
- Voak, NY: equally priced homes
- Guyanoga, NY: equally priced homes
Cities with Similar Populations
- Greenville, IL: less expensive homes
- Stokesdale, NC: higher priced homes
- Stilwell, OK: less expensive homes
- Stewartstown, PA: higher priced homes
- Stevensville, MT: higher priced homes
- South Yarmouth, MA: higher priced homes
- Hallsville, TX: higher priced homes
- Haleyville, AL: less expensive homes
- Haleiwa, HI: higher priced homes
- Haledon, NJ: higher priced homes
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