Property Prices in New York, NY, United States

Index Info
Price to Income Ratio: 9.81
Mortgage as Percentage of Income: 69.50%
Loan Affordability Index: 1.44
Price to Rent Ratio - City Centre: 21.84
Price to Rent Ratio - Outside of Centre: 18.98
Gross Rental Yield (City Centre): 4.58%
Gross Rental Yield (Outside of Centre): 5.27%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 3,130.16 $ 2,300.00-4,500.00
Apartment (1 bedroom) Outside of Centre 2,002.54 $ 1,600.00-2,700.00
Apartment (3 bedrooms) in City Centre 6,472.11 $ 4,000.00-8,900.00
Apartment (3 bedrooms) Outside of Centre 3,431.25 $ 2,400.00-5,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,478.47 $ 1,014.40-1,999.98
Price per Square Feet to Buy Apartment Outside of Centre 753.57 $ 400.00-999.99
Salaries And Financing
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Average Monthly Net Salary (After Tax) 6,123.48 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.70 3.00-4.50

These data are based on 485 entries in the past 18 months from 111 different contributors.
Last update: February 2021

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