Property Prices in New York, NY, United States

Index Info
Price to Income Ratio: 9.92
Mortgage as Percentage of Income: 83.01%
Loan Affordability Index: 1.20
Price to Rent Ratio - City Centre: 17.31
Price to Rent Ratio - Outside of Centre: 18.38
Gross Rental Yield (City Centre): 5.78%
Gross Rental Yield (Outside of Centre): 5.44%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 3,923.92 $ 2,500.00-5,000.00
Apartment (1 bedroom) Outside of Centre 2,398.93 $ 1,800.00-3,500.00
Apartment (3 bedrooms) in City Centre 7,157.55 $ 5,000.00-10,000.00
Apartment (3 bedrooms) Outside of Centre 4,107.47 $ 2,700.00-6,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,385.27 $ 999.99-2,022.98
Price per Square Feet to Buy Apartment Outside of Centre 874.19 $ 600.00-1,299.99
Salaries And Financing
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Average Monthly Net Salary (After Tax) 6,126.26 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.66 4.00-7.00

These data are based on 386 entries in the past 18 months from 74 different contributors.
Last update: March 2023

Sources and References
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2 Comments so far
Gabriella Sola on Dec 26, 2020:
Why Queens is more expensive than New York? And what do you mean with New York? Manhattan or the New York 5 districts? And what about prices in Manhattan?
Thanks for answering and happy (or at least better!) New Year
Mira Nielsen on Sep 15, 2020:
Hi, very nice database, that I just learned about.

Is it possible to get property prices for mid 2015. I would like to make a comparison between today(mid 2020) and mid 2015 for 7 cities around the World. I would like to compare Square meter prices in city centre in USD...

best regards Mira Lie Nielsen