New York
New York · Ranked #98 of 102 metros
15Crisis
Median Home Price
🏠$680K
Need $195K income
Median Rent
🔑$2K
Need $96K income
Housing Shortage
📉340,000
units needed
Building Permits
🔨35,000
annual
Median Income
💰$76K
Pop: 19,979,477
Rent Burden
⚠️41.5%
of renters paying >30%
Price Change (YoY)
📈+4.2%
Homeownership
🏡32.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | New York | National |
|---|---|---|
| Price-to-Income Ratio | 8.9x | 6.1x |
| Rent Burden | 41.5% | 31.5% |
| Homeownership Rate | 32.0% | 65.5% |
| YoY Price Change | +4.2% | +3.5% |
| YoY Rent Change | +3.8% | +2.8% |
| Mortgage Denial Rate | 18.5% | 13.5% |
| Eviction Rate | 3.2% | 3.6% |