Yonkers, New York Housing Market Prices
Yonkers 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 76% below the New York median$112,938
-
Median rent 10% above the New York median$1,783
Housing Market Overview
| Metric | Yonkers | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $112,938 | $471,885 | $248,835 |
| Price Trend (Annual %) | 8.1% | 7.1% | 7.5% |
| Median Gross Rent | $1,783 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 4.5% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Yonkers is about 76% lower than in New York. Rent is about 10% 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 Yonkers, up about 8.1% and 4.5% a year respectively. Home prices are changing faster.
Median rent in Yonkers rose about 45.4% between 2015 and 2024, from $1,226 to $1,783. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 1.4 yearly household incomes in Yonkers.
Buying the median-priced home in Yonkers costs roughly 5.3 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 Yonkers. The price-to-rent ratio in New York is about 24.3.
| Metric | Yonkers | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $112,938 | $471,885 | $248,835 |
| Median Household Income | $83,367 | $86,556 | $80,455 |
| Price-to-Income Ratio | 1.4 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Yonkers fell about 20.6%, while median household income rose about 50.0% 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 | Yonkers | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 44.4% | 48.8% | 58.5% |
| Rental Rate | 51.7% | 41.1% | 31.2% |
| Vacancy Rate | 4.0% | 10.1% | 10.2% |
| Median Tenure (years) | 15.0 | 17.0 | 15.0 |
| Median Year Moved In | 2011 | 2009 | 2011 |
Yonkers has a homeownership rate of 44.4%, lower than the New York average of 48.8%. Its housing vacancy rate is 4.0%, compared with 10.1% in New York.
Housing Stock
| Metric | Yonkers | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.53 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1961 | 1960 | 1978 |
| Median Number of Rooms | 4.4 | 5.0 | 5.5 |
The typical housing unit in Yonkers was built around 1961. On average, 2.5 people live in a home with about 4.4 rooms, staying for about 15.0 years on average.
Yonkers, NY Housing Compared With Nearby Cities
How Yonkers, NY compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Yonkers, NY | 209,598 | $112,938 #1/2 | $1,783 #1/2 | 46.2% #1/2 |
| Mount Vernon, NY | 72,261 | $77,399 | $1,628 | 42.9% |
Frequently Asked Questions
Common questions about the housing market in Yonkers, New York.
What is the median home price in Yonkers, New York?
The median home price in Yonkers, New York is $112,938, lower than the New York average of $471,885.
What is the average home price in Yonkers, New York?
The typical home price in Yonkers, New York, reported as the median sale price, is $112,938. 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 Yonkers, New York?
The median gross rent in Yonkers, New York is $1,783 per month, higher than the New York average of $1,621.
What was the median gross rent in Yonkers in 2020?
In 2020, the median gross rent in Yonkers, New York was $1,460 per month.
What is the price-to-rent ratio in Yonkers, New York?
The price-to-rent ratio in Yonkers, New York is about 5.3, meaning it would take roughly 5.3 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 Yonkers.
Are home prices or rent rising faster in Yonkers, New York?
Both home prices and rent are rising in Yonkers, up about 8.1% and 4.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Yonkers, New York?
44.4% of households in Yonkers, New York own their home, lower than the New York average of 48.8%.
What is the vacancy rate in Yonkers, New York?
The housing vacancy rate in Yonkers, New York is 4.0%, lower 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 →