Property Prices in New York, NY, United States

Index Info
Price to Income Ratio: 8.79
Mortgage as Percentage of Income: 61.41%
Loan Affordability Index: 1.63
Price to Rent Ratio - City Centre: 21.34
Price to Rent Ratio - Outside of Centre: 17.74
Gross Rental Yield (City Centre): 4.69%
Gross Rental Yield (Outside of Centre): 5.64%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 3,050.50 $ 2,275.00-4,200.00
Apartment (1 bedroom) Outside of Centre 2,035.12 $ 1,600.00-3,000.00
Apartment (3 bedrooms) in City Centre 6,327.67 $ 4,500.00-9,000.00
Apartment (3 bedrooms) Outside of Centre 3,473.12 $ 2,400.00-6,000.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 1,410.07 $ 1,014.40-1,999.98
Price per Square Feet to Buy Apartment Outside of Centre 714.52 $ 400.00-999.99
Salaries And Financing
Average Monthly Net Salary (After Tax) 6,505.37 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.55 2.80-4.50

These data are based on 436 entries in the past 18 months from 106 different contributors.
Last update: July 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