The Most Affordable Neighborhoods in The Narrows, NY by Home Value

 

The Narrows, NY Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the The Narrows area can be challenging. Home prices in The Narrows are now at a median cost of $125,388, lower than the New York average of $610,895.

The average cost of rent is $1,253/mo in The Narrows, primarily driven by the current value of real estate in the The Narrows area. In The Narrows, 10.47% of households rent, and 54.27% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in The Narrows is $4,889 per month. Households that rent pay about 25.64% of their income on rent here. The Narrows’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.


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