Middletown, New York Housing Market Prices
Middletown 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 40% below the New York median$285,424
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Median rent 2% above the New York median$1,657
Housing Market Overview
| Metric | Middletown | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $285,424 | $471,885 | $248,835 |
| Price Trend (Annual %) | 11.3% | 7.1% | 7.5% |
| Median Gross Rent | $1,657 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 5.2% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Middletown is about 40% lower than in New York. Rent is about 2% higher 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 Middletown, up about 11.3% and 5.2% a year respectively. Home prices are changing faster.
Median rent in Middletown rose about 51.0% between 2015 and 2024, from $1,097 to $1,657. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 3.5 yearly household incomes in Middletown.
Buying the median-priced home in Middletown costs roughly 14.4 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 Middletown. The price-to-rent ratio in New York is about 24.3.
| Metric | Middletown | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $285,424 | $471,885 | $248,835 |
| Median Household Income | $82,269 | $86,556 | $80,455 |
| Price-to-Income Ratio | 3.5 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Middletown rose about 97.7%, while median household income rose about 44.0% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Middletown | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 47.8% | 48.8% | 58.5% |
| Rental Rate | 46.0% | 41.1% | 31.2% |
| Vacancy Rate | 6.3% | 10.1% | 10.2% |
| Median Tenure (years) | 14.0 | 17.0 | 15.0 |
| Median Year Moved In | 2012 | 2009 | 2011 |
Middletown has a homeownership rate of 47.8%, lower than the New York average of 48.8%. Its housing vacancy rate is 6.3%, compared with 10.1% in New York.
Housing Stock
| Metric | Middletown | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.97 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1965 | 1960 | 1978 |
| Median Number of Rooms | 5.2 | 5.0 | 5.5 |
The typical housing unit in Middletown was built around 1965. On average, 3.0 people live in a home with about 5.2 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Middletown, New York.
What is the median home price in Middletown, New York?
The median home price in Middletown, New York is $285,424, lower than the New York average of $471,885.
What is the average home price in Middletown, New York?
The typical home price in Middletown, New York, reported as the median sale price, is $285,424. 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 Middletown, New York?
The median gross rent in Middletown, New York is $1,657 per month, higher than the New York average of $1,621.
What was the median gross rent in Middletown in 2020?
In 2020, the median gross rent in Middletown, New York was $1,281 per month.
What is the price-to-rent ratio in Middletown, New York?
The price-to-rent ratio in Middletown, New York is about 14.4, meaning it would take roughly 14.4 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 Middletown.
Are home prices or rent rising faster in Middletown, New York?
Both home prices and rent are rising in Middletown, up about 11.3% and 5.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Middletown, New York?
47.8% of households in Middletown, New York own their home, lower than the New York average of 48.8%.
What is the vacancy rate in Middletown, New York?
The housing vacancy rate in Middletown, New York is 6.3%, lower than the New York average of 10.1%.
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