2026 Affordability Data
Most Affordable Neighborhoods in New York - 2026 Data
The median home value in New York is $680,000, 141% above nat'l avg. Median rent is $3,501/month. With an affordability index of 71, New York is less affordable than the national baseline of 100. We ranked 15 neighborhoods by affordability to help you find the best value in the New York, NY area.
Key Takeaways: Affordability in New York
- 1The most affordable neighborhood in New York is Manhattan, with a median home value of $972,000.
- 2New York's median home value is $680,000, 141% above nat'l avg (national: $281,900).
- 3New York's affordability index is 71 (baseline 100), making it less affordable than the national average.
- 4Median rent in New York is $3,501/month, 201% above nat'l avg (national: $1,163/month).
- 5We analyzed 15 neighborhoods in New York to find the most affordable areas based on home values, rent, and affordability index.
New York Affordability Overview
Median Home Value
$680,000
141% above nat'l avg
Median Rent
$3,501/mo
201% above nat'l avg
Median Income
$67,046
10% below nat'l avg
Affordability Index
71
29% below nat'l avg
Most Affordable Neighborhoods in New York (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | ManhattanNew York, NY | $972,000 |
| 2 | QueensNew York, NY | $615,000 |
| 3 | The BronxNew York, NY | $375,000 |
| 4 | BrooklynNew York, NY | $758,000 |
| 5 | Sleepy Hollow villageNY | $744,500 |
| 6 | SyracuseNY | $117,900 |
| 7 | Hempstead villageNY | $421,300 |
| 8 | White PlainsNY | $612,800 |
| 9 | Freeport villageNY | $444,300 |
| 10 | Lake Grove villageNY | $497,500 |
| 11 | OneontaNY | $170,900 |
| 12 | YonkersNY | $456,500 |
| 13 | SchenectadyNY | $140,000 |
| 14 | GenevaNY | $123,100 |
| 15 | TroyNY | $177,100 |
Detailed Neighborhood Profiles
Home Value: $972,000
Rent: $3,249/mo
Affordability: 71
Population: 1,694,251
Walk Score: 90/100
Home Value: $615,000
Rent: $2,250/mo
Affordability: 56
Population: 2,405,464
Walk Score: 63/100
Home Value: $375,000
Rent: $1,828/mo
Affordability: 50
Population: 1,472,654
Walk Score: 92/100
4
BrooklynNew York, NY
Home Value: $758,000
Population: 2,736,074
5
Home Value: $744,500
Rent: $858/mo
Affordability: 119
Population: 10,396
Walk Score: 0/100
6
Home Value: $117,900
Rent: $858/mo
Affordability: 119
Population: 146,134
Walk Score: 0/100
7
Home Value: $421,300
Rent: $858/mo
Affordability: 119
Population: 58,557
Walk Score: 0/100
8
Home Value: $612,800
Rent: $858/mo
Affordability: 119
Population: 59,421
Walk Score: 0/100
9
Home Value: $444,300
Rent: $858/mo
Affordability: 119
Population: 44,210
Walk Score: 0/100
10
Home Value: $497,500
Rent: $858/mo
Affordability: 119
Population: 11,066
Walk Score: 0/100
11
Home Value: $170,900
Rent: $858/mo
Affordability: 119
Population: 14,097
Walk Score: 0/100
12
Home Value: $456,500
Rent: $858/mo
Affordability: 119
Population: 209,780
Walk Score: 0/100
13
Home Value: $140,000
Rent: $858/mo
Affordability: 119
Population: 68,476
Walk Score: 0/100
14
Home Value: $123,100
Rent: $858/mo
Affordability: 119
Population: 12,670
Walk Score: 0/100
15
Home Value: $177,100
Rent: $858/mo
Affordability: 119
Population: 51,268
Walk Score: 0/100
Frequently Asked Questions About Affordability in New York
What is the most affordable neighborhood in New York, NY?▾
Based on 2026 data, Manhattan is the most affordable neighborhood in New York with a median home value of $972,000. Kurby analyzed 15 neighborhoods in the New York area to compile these rankings.
What is the median home price in New York, NY?▾
The median home price in New York is $680,000, which is 141% above nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
Is New York affordable compared to the national average?▾
New York has an affordability index of 71, which means housing is less affordable than the national baseline of 100. An index above 100 indicates that a median-income household can afford a median-priced home in the area.
What is the average rent in New York, NY?▾
The median monthly rent in New York is $3,501. This is 201% above nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in New York?▾
The median household income in New York is $67,046 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).
How many neighborhoods in New York are below the national average home price?▾
5 out of 15 ranked neighborhoods in New York have a median home value below the national average of $281,900. The most affordable is Syracuse at $117,900 (Source: Kurby, 2026).