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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 $290,200, lower than the New York average of $610,895.
The average cost of rent is $513/mo in Severance, primarily driven by the current value of real estate in the Severance area. In Severance, 23.61% of households rent, and 69.53% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Severance is $3,576 per month. Households that rent pay about 14.34% 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.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Schroon Lake, NY: equally priced homes
- Paradox, NY: less expensive homes
- South Schroon, NY: equally priced homes
- North Hudson, NY: less expensive homes
- Ironville, NY: less expensive homes
- Indian Kettles, NY: less expensive homes
- Adirondack, NY: equally priced homes
- Pottersville, NY: equally priced homes
- Olmstedville, NY: less expensive homes
- Hague, NY: equally priced homes
Cities with Similar Populations
- Fairbanks, MN: less expensive homes
- Floy, TX: less expensive homes
- Five Islands, ME: higher priced homes
- Fish Springs, TN: less expensive homes
- Finley, WI: less expensive homes
- Fillmore, ND: less expensive homes
- Ferguson, AR: less expensive homes
- Fenwick, CT: higher priced homes
- Fenn, ID: higher priced homes
- Farelly Lake, AR: less expensive homes
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