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Yonkers

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

Median Home$487,623
Median Rent$1,856/month
Population209,978
Leading IndustriesPublic Administration · Professional Services · Education27% public administration
Home Value Growth⬆⬆+13.2% over 2 years
Young Adults30% of residentsabove average nationally
Renters54% of occupied units
NotableTransit84/100 · excellent transit access
NotableAmenity Score72/100 · highly walkable area
Yonkers
NY

Frequently Asked Questions

What are today's mortgage rates in Yonkers?

As of today, the 30-year fixed mortgage rate for Yonkers is approximately 6.967% (7.006% 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 Yonkers?

The median home value in Yonkers is $488k. The median monthly rent is $1,856. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Yonkers?

Home values in Yonkers have increased 13.2% 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 Yonkers?

Based on a typical all-in ownership cost of $1,905/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $82k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Yonkers is $94k/year.

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What industries drive the economy in Yonkers?

The largest employment sectors in Yonkers are public administration (27%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.