The Most Affordable Neighborhoods in Red Falls, NY by Home Value

These days, finding an affordable place to live in the Red Falls area can be challenging. Home prices in Red Falls are now at a median cost of $182,417, lower than the New York average of $610,895.

The average cost of rent is $582/mo in Red Falls, primarily driven by the current value of real estate in the Red Falls area. In Red Falls, 24.91% of households rent, and 77.54% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Red Falls is $4,291 per month. Households that rent pay about 13.56% of their income on rent here. Red Falls’s most expensive areas are in the eastern 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.

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