Kiryas Joel, New York Housing Market Prices
Kiryas Joel 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 52% below the New York median$224,996
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Median rent 1% above the New York median$1,636
Housing Market Overview
| Metric | Kiryas Joel | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $224,996 | $471,885 | $248,835 |
| Price Trend (Annual %) | 29.5% | 7.1% | 7.5% |
| Median Gross Rent | $1,636 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 5.3% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Kiryas Joel is about 52% lower than in New York. Rent is about 1% higher than the New York average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2018
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Kiryas Joel, up about 29.5% and 5.3% a year respectively. Home prices are changing faster.
Median rent in Kiryas Joel rose about 44.4% between 2015 and 2024, from $1,133 to $1,636. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 4.6 yearly household incomes in Kiryas Joel.
Buying the median-priced home in Kiryas Joel costs roughly 11.5 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Kiryas Joel. The price-to-rent ratio in New York is about 24.3.
| Metric | Kiryas Joel | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $224,996 | $471,885 | $248,835 |
| Median Household Income | $49,143 | $86,556 | $80,455 |
| Price-to-Income Ratio | 4.6 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2018, the median home price in Kiryas Joel rose about 57.8%, while median household income rose about 146.2% 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 | Kiryas Joel | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 30.0% | 48.8% | 58.5% |
| Rental Rate | 62.4% | 41.1% | 31.2% |
| Vacancy Rate | 7.5% | 10.1% | 10.2% |
| Median Tenure (years) | 11.0 | 17.0 | 15.0 |
| Median Year Moved In | 2015 | 2009 | 2011 |
Kiryas Joel has a homeownership rate of 30.0%, lower than the New York average of 48.8%. Its housing vacancy rate is 7.5%, compared with 10.1% in New York.
Housing Stock
| Metric | Kiryas Joel | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 5.05 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 2006 | 1960 | 1978 |
| Median Number of Rooms | 5.7 | 5.0 | 5.5 |
The typical housing unit in Kiryas Joel was built around 2006. On average, 5.1 people live in a home with about 5.7 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Kiryas Joel, New York.
What is the median home price in Kiryas Joel, New York?
The median home price in Kiryas Joel, New York is $224,996, lower than the New York average of $471,885.
What is the average home price in Kiryas Joel, New York?
The typical home price in Kiryas Joel, New York, reported as the median sale price, is $224,996. 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 Kiryas Joel, New York?
The median gross rent in Kiryas Joel, New York is $1,636 per month, higher than the New York average of $1,621.
What was the median gross rent in Kiryas Joel in 2020?
In 2020, the median gross rent in Kiryas Joel, New York was $1,222 per month.
What is the price-to-rent ratio in Kiryas Joel, New York?
The price-to-rent ratio in Kiryas Joel, New York is about 11.5, meaning it would take roughly 11.5 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Kiryas Joel.
Are home prices or rent rising faster in Kiryas Joel, New York?
Both home prices and rent are rising in Kiryas Joel, up about 29.5% and 5.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Kiryas Joel, New York?
30.0% of households in Kiryas Joel, New York own their home, lower than the New York average of 48.8%.
What is the vacancy rate in Kiryas Joel, New York?
The housing vacancy rate in Kiryas Joel, New York is 7.5%, lower than the New York average of 10.1%.
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