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These days, finding an affordable place to live in the Riverhead area can be challenging. Home prices in Riverhead are now at a median cost of $437,027, lower than the New York average of $610,895.
The average cost of rent is $2,207/mo in Riverhead, primarily driven by the current value of real estate in the Riverhead area. In Riverhead, 30.45% of households rent, and 52.04% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Riverhead is $7,461 per month. Households that rent pay about 29.58% of their income on rent here. Riverhead’s most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Northampton, NY: higher priced homes
- Jamesport, NY: higher priced homes
- Calverton, NY: equally priced homes
- Flanders, NY: equally priced homes
- Laurel, NY: higher priced homes
- East Quogue, NY: higher priced homes
- Westhampton, NY: higher priced homes
- Westhampton Beach, NY: higher priced homes
- Mattituck, NY: higher priced homes
- Quogue, NY: higher priced homes
Cities with Similar Populations
- Algonquin, IL: less expensive homes
- Selma, CA: less expensive homes
- Seymour, IN: less expensive homes
- Shaker Heights, OH: less expensive homes
- Shenandoah, FL: higher priced homes
- Shepherdsville, KY: less expensive homes
- Southgate, MI: less expensive homes
- Stafford, TX: less expensive homes
- Suisun City, CA: higher priced homes
- Superior, WI: less expensive homes
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