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Affordable
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These days, finding an affordable place to live in the Purchase area can be challenging. Home prices in Purchase are now at a median cost of $1,708,261, higher than the New York average of $610,895.
The average cost of rent is $2,934/mo in Purchase, primarily driven by the current value of real estate in the Purchase area. In Purchase, 24.32% of households rent, and 46.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Purchase is $20,259 per month. Households that rent pay about 14.48% of their income on rent here. Purchase’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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- Scarsdale, NY: equally priced homes
Cities with Similar Populations
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