Newburgh, New York Housing Market Prices
Newburgh 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.
-
Median home price 67% below the New York median$156,465
-
Median rent 10% below the New York median$1,453
Housing Market Overview
| Metric | Newburgh | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $156,465 | $471,885 | $248,835 |
| Price Trend (Annual %) | 4.1% | 7.1% | 7.5% |
| Median Gross Rent | $1,453 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 3.6% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Newburgh is about 67% lower than in New York. Rent is about 10% 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 Newburgh, up about 4.1% and 3.6% a year respectively. Home prices are changing faster.
Median rent in Newburgh rose about 34.3% between 2015 and 2024, from $1,082 to $1,453. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Newburgh.
Buying the median-priced home in Newburgh costs roughly 9.0 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 Newburgh. The price-to-rent ratio in New York is about 24.3.
| Metric | Newburgh | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $156,465 | $471,885 | $248,835 |
| Median Household Income | $58,024 | $86,556 | $80,455 |
| Price-to-Income Ratio | 2.7 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Newburgh rose about 39.7%, while median household income rose about 33.5% 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 | Newburgh | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 31.0% | 48.8% | 58.5% |
| Rental Rate | 58.0% | 41.1% | 31.2% |
| Vacancy Rate | 11.0% | 10.1% | 10.2% |
| Median Tenure (years) | 12.0 | 17.0 | 15.0 |
| Median Year Moved In | 2014 | 2009 | 2011 |
Newburgh has a homeownership rate of 31.0%, lower than the New York average of 48.8%. Its housing vacancy rate is 11.0%, compared with 10.1% in New York.
Housing Stock
| Metric | Newburgh | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.64 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1948 | 1960 | 1978 |
| Median Number of Rooms | 4.6 | 5.0 | 5.5 |
The typical housing unit in Newburgh was built around 1948. On average, 2.6 people live in a home with about 4.6 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Newburgh, New York.
What is the median home price in Newburgh, New York?
The median home price in Newburgh, New York is $156,465, lower than the New York average of $471,885.
What is the average home price in Newburgh, New York?
The typical home price in Newburgh, New York, reported as the median sale price, is $156,465. 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 Newburgh, New York?
The median gross rent in Newburgh, New York is $1,453 per month, lower than the New York average of $1,621.
What was the median gross rent in Newburgh in 2020?
In 2020, the median gross rent in Newburgh, New York was $1,139 per month.
What is the price-to-rent ratio in Newburgh, New York?
The price-to-rent ratio in Newburgh, New York is about 9.0, meaning it would take roughly 9.0 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 Newburgh.
Are home prices or rent rising faster in Newburgh, New York?
Both home prices and rent are rising in Newburgh, up about 4.1% and 3.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Newburgh, New York?
31.0% of households in Newburgh, New York own their home, lower than the New York average of 48.8%.
What is the vacancy rate in Newburgh, New York?
The housing vacancy rate in Newburgh, New York is 11.0%, higher than the New York average of 10.1%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →