Expensive
Affordable
Affordable
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These days, finding an affordable place to live in the Rapids area can be challenging. Home prices in Rapids are now at a median cost of $305,946, lower than the New York average of $610,895.
The average cost of rent is $899/mo in Rapids, primarily driven by the current value of real estate in the Rapids area. In Rapids, 14.60% of households rent, and 41.55% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Rapids is $9,563 per month. Households that rent pay about 9.40% of their income on rent here. Rapids’s most expensive areas are in the southern 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
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Cities with Similar Populations
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