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These days, finding an affordable place to live in the Yonkers area can be challenging. Home prices in Yonkers are now at a median cost of $475,858, lower than the New York average of $610,895.
The average cost of rent is $1,807/mo in Yonkers, primarily driven by the current value of real estate in the Yonkers area. In Yonkers, 57.51% of households rent, and 48.96% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Yonkers is $7,410 per month. Households that rent pay about 24.39% of their income on rent here. Yonkers’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Bronxville, NY: higher priced homes
- Mount Vernon, NY: equally priced homes
- Tuckahoe, NY: higher priced homes
- Alpine, NJ: higher priced homes
- Hastings-on-Hudson, NY: higher priced homes
- Pelham, NY: higher priced homes
- Eastchester, NY: higher priced homes
- DeMarest, NJ: higher priced homes
- Cresskill, NJ: higher priced homes
- Tenafly, NJ: higher priced homes
Cities with Similar Populations
- Sophia, WV: less expensive homes
- Sherrard, IL: less expensive homes
- Sidney, IL: less expensive homes
- Silver Spring, MD: higher priced homes
- St. Augustine, FL: equally priced homes
- South Jordan, UT: higher priced homes
- Sherrills Ford, NC: less expensive homes
- South Hornell, NY: less expensive homes
- Sligo, PA: less expensive homes
- Snyder, OK: less expensive homes
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