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Affordable
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These days, finding an affordable place to live in the Phelps area can be challenging. Home prices in Phelps are now at a median cost of $167,378, lower than the New York average of $610,895.
The average cost of rent is $1,204/mo in Phelps, primarily driven by the current value of real estate in the Phelps area. In Phelps, 15.35% of households rent, and 35.54% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Phelps is $6,481 per month. Households that rent pay about 18.57% of their income on rent here. Phelps’s most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Oaks Corners, NY: equally priced homes
- Orleans, NY: higher priced homes
- Marbletown, NY: less expensive homes
- Thompson, NY: equally priced homes
- Gypsum, NY: less expensive homes
- Clifton Springs, NY: less expensive homes
- Newark, NY: less expensive homes
- Flint, NY: higher priced homes
- Geneva, NY: higher priced homes
- Port Gibson, NY: less expensive homes
Cities with Similar Populations
- South Jacksonville, IL: less expensive homes
- Brentwood, MD: higher priced homes
- Brockway, PA: less expensive homes
- Panorama Village, TX: higher priced homes
- Locust Valley, NY: higher priced homes
- Parker, FL: higher priced homes
- Kimberling City, MO: higher priced homes
- Partlow, VA: higher priced homes
- Kewaunee, WI: higher priced homes
- Bridgton, ME: higher priced homes
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