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These days, finding an affordable place to live in the Rensselaer Falls area can be challenging. Home prices in Rensselaer Falls are now at a median cost of $84,279, lower than the New York average of $481,023.
The average cost of rent is $680/mo in Rensselaer Falls, primarily driven by the current value of real estate in the Rensselaer Falls area. While nearly 46.80% of residents own their homes outright in Rensselaer Falls, 23.67% rent.
Housing affordability isn’t just about home prices, though. The average household income in Rensselaer Falls is $4,985 per month. Households that rent pay about 13.64% of their income on rent here. Rensselaer Falls's most expensive areas are in the central regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Eddy, NY: less expensive homes
- Heuvelton, NY: higher priced homes
- Flackville, NY: higher priced homes
- DeKalb Junction, NY: equally priced homes
- Pope Mills, NY: higher priced homes
- Morley, NY: higher priced homes
- East De Kalb, NY: less expensive homes
- Pyrites, NY: equally priced homes
- Canton, NY: higher priced homes
- DePeyster, NY: higher priced homes
Cities with Similar Populations
- Arcadia Lakes, SC: higher priced homes
- Ashippun, WI: higher priced homes
- Ashkum, IL: higher priced homes
- Ashland, MT: higher priced homes
- Bellefonte, KY: higher priced homes
- Big Stone City, SD: higher priced homes
- Billings Heights, MT: higher priced homes
- Birchwood Village, MN: higher priced homes
- Plainfield, GA: higher priced homes
- Rauville, SD: higher priced homes
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