Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Livingston County | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $73,645 | $436,407 | $242,182 |
| Price Trend (Annual %) | 15.6% | 6.9% | 8.2% |
| Median Gross Rent | $912 | $1,576 | $1,342 |
| Rent Trend (Annual %) | 3.5% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Livingston County is about 83% lower than in New York. Rent is about 42% lower than the New York average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Livingston County, up about 15.6% and 3.5% a year respectively. Home prices are changing faster.
Median rent in Livingston County rose about 26.4% between 2015 and 2023, from $721 to $912. Over the same span, rent in New York rose about 39.2%.
Affordability
On average, housing unit costs 1.0 yearly household incomes in Livingston County.
Buying the median-priced home in Livingston County costs roughly 6.7 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 Livingston County. The price-to-rent ratio in New York is about 23.1.
| Metric | Livingston County | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $73,645 | $436,407 | $242,182 |
| Median Household Income | $72,864 | $85,191 | $78,145 |
| Price-to-Income Ratio | 1.0 | 5.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Livingston County fell about 17.3%, while median household income rose about 41.5% between 2009 and 2023 — 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 | Livingston County | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.0% | 48.7% | 58.2% |
| Rental Rate | 20.5% | 41.1% | 31.3% |
| Vacancy Rate | 10.5% | 10.2% | 10.6% |
| Median Tenure (years) | 19.0 | 17.0 | 15.0 |
| Median Year Moved In | 2007 | 2009 | 2011 |
Livingston County has a homeownership rate of 69.0%, higher than the New York average of 48.7%. Its housing vacancy rate is 10.5%, compared with 10.2% in New York.
Housing Stock
| Metric | Livingston County | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.33 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1966 | 1960 | 1978 |
| Median Number of Rooms | 6.3 | 5.0 | 5.5 |
The typical housing unit in Livingston County was built around 1966. On average, 2.3 people live in a home with about 6.3 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Livingston County, New York.
What is the median home price in Livingston County, New York?
The median home price in Livingston County, New York is $73,645, lower than the New York average of $436,407.
What is the average home price in Livingston County, New York?
The typical home price in %s, reported as the median sale price, is %s. 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 Livingston County, New York?
The median gross rent in Livingston County, New York is $912 per month, lower than the New York average of $1,576.
What was the median gross rent in Livingston County in 2020?
In 2020, the median gross rent in Livingston County, New York was $792 per month.
What is the price-to-rent ratio in Livingston County, New York?
The price-to-rent ratio in Livingston County, New York is about 6.7, meaning it would take roughly 6.7 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 Livingston County.
Are home prices or rent rising faster in Livingston County, New York?
Both home prices and rent are rising in Livingston County, up about 15.6% and 3.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Livingston County, New York?
69.0% of households in Livingston County, New York own their home, higher than the New York average of 48.7%.
What is the vacancy rate in Livingston County, New York?
The housing vacancy rate in Livingston County, New York is 10.5%, higher than the New York average of 10.2%.