Essex County, New York Housing Market Prices
Essex County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 61% below the New York median$186,000
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Median rent 42% below the New York median$934
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Essex County | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $186,000 | $471,885 | $248,835 |
| Price Trend (Annual %) | 2.3% | 7.1% | 7.5% |
| Median Gross Rent | $934 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 2.1% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Essex County is about 61% lower than in New York. Rent is about 42% lower than the New York average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Essex County, up about 2.3% and 2.1% a year respectively. Home prices are changing faster.
Median rent in Essex County rose about 16.0% between 2015 and 2024, from $805 to $934. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Essex County.
Buying the median-priced home in Essex County costs roughly 16.6 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Essex County. The price-to-rent ratio in New York is about 24.3.
| Metric | Essex County | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $186,000 | $471,885 | $248,835 |
| Median Household Income | $72,203 | $86,556 | $80,455 |
| Price-to-Income Ratio | 2.6 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Essex County rose about 7.0%, while median household income rose about 49.9% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Essex County | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 49.5% | 48.8% | 58.5% |
| Rental Rate | 14.6% | 41.1% | 31.2% |
| Vacancy Rate | 35.9% | 10.1% | 10.2% |
| Median Tenure (years) | 18.0 | 17.0 | 15.0 |
| Median Year Moved In | 2008 | 2009 | 2011 |
Essex County has a homeownership rate of 49.5%, higher than the New York average of 48.8%. Its housing vacancy rate is 35.9%, compared with 10.1% in New York.
Housing Stock
| Metric | Essex County | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.12 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1968 | 1960 | 1978 |
| Median Number of Rooms | 5.6 | 5.0 | 5.5 |
The typical housing unit in Essex County was built around 1968. On average, 2.1 people live in a home with about 5.6 rooms, staying for about 18.0 years on average.
Essex County, NY Housing Compared With Nearby Counties
Essex County, NY is the smallest of the 5 counties compared here, 36,973 residents against a local median of 72,004. There is no headline here. Every measure below sits within 15% of the median across the nearest counties, which makes Essex County, NY an unremarkable member of its own neighbourhood rather than an outlier in it.
The largest of those small differences is median rent, 11% below the local median at $934 against $1,054. Essex County, NY has the 4th highest median rent of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Essex County, NY | 36,973 | $186,000 #3/5 | $934 #4/5 | 77.3% #1/5 |
| Warren County, NY | 65,516 | $237,725 | $1,105 | 72.1% |
| Clinton County, NY | 78,493 | $84,133 | $1,003 | 69.4% |
| Franklin County, NY | 46,696 | $96,666 | $843 | 72.5% |
| Chittenden County, VT | 169,680 | $392,968 | $1,646 | 63.9% |
Frequently Asked Questions
Common questions about the housing market in Essex County, New York.
What is the median home price in Essex County, New York?
The median home price in Essex County, New York is $186,000, lower than the New York average of $471,885.
What is the average home price in Essex County, New York?
The typical home price in Essex County, New York, reported as the median sale price, is $186,000. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Essex County, New York?
The median gross rent in Essex County, New York is $934 per month, lower than the New York average of $1,621.
What was the median gross rent in Essex County in 2020?
In 2020, the median gross rent in Essex County, New York was $809 per month.
What is the price-to-rent ratio in Essex County, New York?
The price-to-rent ratio in Essex County, New York is about 16.6, meaning it would take roughly 16.6 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Essex County.
Are home prices or rent rising faster in Essex County, New York?
Both home prices and rent are rising in Essex County, up about 2.3% and 2.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Essex County, New York?
49.5% of households in Essex County, New York own their home, higher than the New York average of 48.8%.
What is the vacancy rate in Essex County, New York?
The housing vacancy rate in Essex County, New York is 35.9%, higher than the New York average of 10.1%.
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