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These days, finding an affordable place to live in the Tuxedo Park area can be challenging. Home prices in Tuxedo Park are now at a median cost of $948,684, higher than the New York average of $610,895.
The average cost of rent is $1,826/mo in Tuxedo Park, primarily driven by the current value of real estate in the Tuxedo Park area. In Tuxedo Park, 22.33% of households rent, and 38.72% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Tuxedo Park is $12,407 per month. Households that rent pay about 14.71% of their income on rent here. Tuxedo Park’s most expensive areas are in the central regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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- Ladentown, NY: less expensive homes
- Montebello, NY: equally priced homes
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Cities with Similar Populations
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- Panora, IA: less expensive homes
- Petersburg, TN: less expensive homes
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