Monsey, New York Housing Market Prices
Monsey 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 34% above the New York median$633,106
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Median rent 12% above the New York median$1,822
Housing Market Overview
| Metric | Monsey | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $633,106 | $471,885 | $248,835 |
| Price Trend (Annual %) | 4.0% | 7.1% | 7.5% |
| Median Gross Rent | $1,822 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 4.6% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Monsey is about 34% higher than in New York. Rent is about 12% 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 Monsey, up about 4.0% and 4.6% a year respectively. Rent is changing faster.
Median rent in Monsey rose about 50.8% between 2015 and 2024, from $1,208 to $1,822. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 14.5 yearly household incomes in Monsey.
Buying the median-priced home in Monsey costs roughly 29.0 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Monsey. The price-to-rent ratio in New York is about 24.3.
| Metric | Monsey | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $633,106 | $471,885 | $248,835 |
| Median Household Income | $43,592 | $86,556 | $80,455 |
| Price-to-Income Ratio | 14.5 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Monsey rose about 84.1%, while median household income rose about 10.1% 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 | Monsey | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 32.1% | 48.8% | 58.5% |
| Rental Rate | 62.0% | 41.1% | 31.2% |
| Vacancy Rate | 5.9% | 10.1% | 10.2% |
| Median Tenure (years) | 13.0 | 17.0 | 15.0 |
| Median Year Moved In | 2013 | 2009 | 2011 |
Monsey has a homeownership rate of 32.1%, lower than the New York average of 48.8%. Its housing vacancy rate is 5.9%, compared with 10.1% in New York.
Housing Stock
| Metric | Monsey | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 4.97 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1999 | 1960 | 1978 |
| Median Number of Rooms | 6.8 | 5.0 | 5.5 |
The typical housing unit in Monsey was built around 1999. On average, 5.0 people live in a home with about 6.8 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Monsey, New York.
What is the median home price in Monsey, New York?
The median home price in Monsey, New York is $633,106, higher than the New York average of $471,885.
What is the average home price in Monsey, New York?
The typical home price in Monsey, New York, reported as the median sale price, is $633,106. 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 Monsey, New York?
The median gross rent in Monsey, New York is $1,822 per month, higher than the New York average of $1,621.
What was the median gross rent in Monsey in 2020?
In 2020, the median gross rent in Monsey, New York was $1,378 per month.
What is the price-to-rent ratio in Monsey, New York?
The price-to-rent ratio in Monsey, New York is about 29.0, meaning it would take roughly 29.0 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Monsey.
Are home prices or rent rising faster in Monsey, New York?
Both home prices and rent are rising in Monsey, up about 4.0% and 4.6% a year respectively. Rent is changing faster.
What is the homeownership rate in Monsey, New York?
32.1% of households in Monsey, New York own their home, lower than the New York average of 48.8%.
What is the vacancy rate in Monsey, New York?
The housing vacancy rate in Monsey, New York is 5.9%, lower than the New York average of 10.1%.
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