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Ravena

Learn about the people, housing, costs and businesses in Ravena, New York

Median Home$209,100
Median Rent$1,122/month
Population3,243
Leading IndustriesFinance & Insurance · Information & Media · Transportation8% finance & insurance
Home Value Growth+8.3% over 2 years
Young Adults28% of residentsnear the national average
Homeowners69% of occupied units
Ravena
NY

Frequently Asked Questions

What are today's mortgage rates in Ravena?

As of today, the 30-year fixed mortgage rate for Ravena is approximately 7.032% (7.073% 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 Ravena?

The median home value in Ravena is $209k. The median monthly rent is $1,122. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Ravena?

Home values in Ravena have increased 8.3% over the past two years. This represents moderate growth. 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 Ravena?

Based on a typical all-in ownership cost of $1,268/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $54k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Ravena is $77k/year.

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What industries drive the economy in Ravena?

The largest employment sectors in Ravena are public administration (25%) and information and media (8%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.