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New York

Learn about the people, housing, costs and businesses across New York

Median Home$592,539
Median Rent$1,745/month
Population19,774,787
Leading IndustriesPublic Administration · Professional Services · Arts, Food & Hospitality30% public administration
Home Value Growth⬆⬆+13.9% over 2 years
Young Adults30% of residentsslightly above average
Homeowners54% of occupied units
NotableTransit84/100 · excellent transit access
NotableAmenity Score66/100 · highly walkable area
New York

Frequently Asked Questions

What are today's mortgage rates in New York?

As of today, the 30-year fixed mortgage rate for New York is approximately 6.818% (6.869% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in New York?

The median home value in New York is $593k. The median monthly rent is $1,745. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New York?

Home values in New York have increased 13.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in New York?

Based on a typical all-in ownership cost of $1,883/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $81k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New York is $97k/year.

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What industries drive the economy in New York?

The largest employment sectors in New York are public administration (30%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.