The Most Affordable Neighborhoods in Penn Yan, NY by Home Value

 

Penn Yan, NY Map of Most Affordable Neighborhoods
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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 $165,508, lower than the New York average of $481,023.

The average cost of rent is $793/mo in Penn Yan, primarily driven by the current value of real estate in the Penn Yan area. While nearly 50.12% of residents own their homes outright in Penn Yan, 28.84% rent.

Housing affordability isn’t just about home prices, though. The average household income in Penn Yan is $4,696 per month. Households that rent pay about 16.88% of their income on rent here. Penn Yan's most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the city.


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