The housing market in Yonkers, NY is currently not doing as well as the national housing market. The median value of a house in Yonkers is $602,600, which is almost double the US median value of $338,100. Unfortunately, when looking at one year appreciation rates for houses in Yonkers compared to the nation as a whole, the rate of appreciation in Yonkers has been negative (-0.48%), while the US rate has been positive (8.27%). This data suggests that housing values in Yonkers are underperforming relative to the rest of the country.
The median home cost in Yonkers is $602,600. Home appreciation the last 10 years has been 52.3%. Home Appreciation in Yonkers is up 5.1%.
Average Age of Homes
- The median age of Yonkers real estate is 62 years old
The Rental Market in Yonkers
- Renters make up 46.4% of the Yonkers population
- 1.8% of houses and apartments in Yonkers, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.