The Most Affordable Neighborhoods in Roosevelt Island, Manhattan, NY by Home Value

 

Roosevelt Island, Manhattan, NY Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Roosevelt Island area can be challenging. Home prices in Roosevelt Island are now at a median cost of $865,009, lower than the Manhattan average of $1,017,878.

The average cost of rent is $2,556/mo in Roosevelt Island, primarily driven by the current value of real estate in the Roosevelt Island area. While nearly 62.60% of residents own their homes outright in Roosevelt Island, 69.78% rent.

Housing affordability isn’t just about home prices, though. The average household income in Roosevelt Island is $7,732 per month. Households that rent pay about 33.06% of their income on rent here. Roosevelt Island's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the neighborhood.


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