State housing costs
New York housing costs, ownership, and rent in the latest ACS
Statewide evidence on home value, income, owner costs, housing stock, tenure, vacancy, and rent for borrower planning.
Source: U.S. Census Bureau
Last updated . Article facts reviewed through this date. Time-sensitive figures show their own as-of dates.
The published evidence provides the starting point: New York's 2024 ACS housing baseline reports a median owner-occupied home value of $423,800, median household income of $85,974, and median selected monthly owner costs of $2,555 for owners with a mortgage. For the decision at hand, those three reference points can still help a borrower identify which statewide value, income, and recurring-cost assumptions need local replacement first. They remain separate medians, not the price, income, and monthly budget of one typical household, and the $2,555 measure is not a real-estate-tax figure or a current mortgage quote. In practical terms, a real decision still requires local property evidence, borrower documentation, taxes, insurance, maintenance, association obligations, and current loan information.
New York's vacant-unit share is 10.0% within a statewide stock of 8,585,241 housing units. In practical terms, ACS vacancy includes categories beyond property currently offered for sale or rent, so 10.0% is not a live inventory rate and cannot measure competition for a selected home. Read beside the 54.3% owner share and 45.7% renter share, the vacancy figure helps describe how the broad stock was classified without predicting near-term supply. For the decision at hand, the borrower should use current listings, property condition, days on market, concessions, and local professional context to answer transaction questions that 10.0% and 8,585,241 were not designed to resolve.