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These days, finding an affordable place to live in the Scarsdale area can be challenging. Home prices in Scarsdale are now at a median cost of $1,559,139, higher than the New York average of $610,895.
The average cost of rent is $3,155/mo in Scarsdale, primarily driven by the current value of real estate in the Scarsdale area. In Scarsdale, 8.50% of households rent, and 37.16% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Scarsdale is $20,349 per month. Households that rent pay about 15.51% of their income on rent here. Scarsdale’s most expensive areas are in the northern regions, while the cheapest areas are in the southwestern 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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