Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Severance area can be challenging. Home prices in Severance are now at a median cost of $352,500, lower than the New York average of $481,023.
The average cost of rent is $761/mo in Severance, primarily driven by the current value of real estate in the Severance area. While nearly 46.18% of residents own their homes outright in Severance, 29.06% rent.
Housing affordability isn’t just about home prices, though. The average household income in Severance is $4,609 per month. Households that rent pay about 16.51% of their income on rent here. Severance's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
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- Indian Kettles, NY: less expensive homes
- Adirondack, NY: less expensive homes
- Pottersville, NY: less expensive homes
- Olmstedville, NY: less expensive homes
- Hague, NY: less expensive homes
Cities with Similar Populations
- Fairbanks, MN: less expensive homes
- Floy, TX: less expensive homes
- Five Islands, ME: equally priced homes
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- Fillmore, ND: less expensive homes
- Ferguson, AR: less expensive homes
- Fenwick, CT: higher priced homes
- Fenn, ID: less expensive homes
- Farelly Lake, AR: less expensive homes
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