Property Prices in New York, NY, United States

Index Info
Price to Income Ratio: 9.47
Mortgage as Percentage of Income: 76.33%
Loan Affordability Index: 1.31
Price to Rent Ratio - City Centre: 17.81
Price to Rent Ratio - Outside of Centre: 17.94
Gross Rental Yield (City Centre): 5.62%
Gross Rental Yield (Outside of Centre): 5.57%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 3,951.03 $ 2,500.00-5,000.00
Apartment (1 bedroom) Outside of Centre 2,339.74 $ 1,800.00-3,000.00
Apartment (3 bedrooms) in City Centre 7,152.94 $ 5,000.00-10,160.00
Apartment (3 bedrooms) Outside of Centre 4,238.67 $ 2,586.00-7,000.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 1,429.94 $ 1,084.99-2,022.98
Price per Square Feet to Buy Apartment Outside of Centre 853.35 $ 500.00-1,299.99
Salaries And Financing
Average Monthly Net Salary (After Tax) 6,486.58 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.21 3.00-5.43

These data are based on 350 entries in the past 18 months from 81 different contributors.
Last update: August 2022

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