ROIStack
Market Intelligence

New York, NY

Updated quarterly · Data sourced from Zillow ZHVI/ZORI, Census ACS, and FHFA. · New York overview

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Home Value

$640k+4.1%

Median Rent

$3,650+0.7%

Per month average

Gross Yield

6.84%

Annual rent / value

Rent / Price

0.570%

1% rule benchmark

HH Income

$85,000

Median household

Owner-Occ

49.5%

Renter-Occ

50.5%

Tenant demand share

Population

18.9M

Metro area census

Market Analysis

The New York, NY real estate market currently sits at a median home value of $640k with median rents around $3,650/month, producing a gross yield of 6.84%. That puts New York in the category of moderate gross yield, investors here typically lean on appreciation alongside cash flow. Over the past year, home values are up 4.1%, while rents rose 0.7%, the gap between those two trends is what determines whether yield compresses or expands over time for buy-and-hold investors in New York. New York is a renter-heavy market (51% renter-occupied) that supports steady tenant demand, with median household income of $85,000 setting the affordability ceiling on future rent growth.

Frequently asked questions

What is the average rent in New York, NY?
As of late 2025, the median rent in New York is approximately $3,650 per month, with rent growth of 0.7% year over year.
Is New York a good market for rental property investing?
New York produces a gross rental yield of about 6.84%. That is below the 7% LTR benchmark, so investors in New York typically combine modest cash flow with appreciation upside. Run your specific numbers in a calculator before committing capital.
What is the median home price in New York?
The median home value in New York, NY is approximately $640,000, up 4.1% from a year ago.
How have home prices changed in New York over the past year?
Home values in New York have moved 4.1% year over year, while rents have changed by 0.7%. This price-to-rent gap is the single biggest driver of long-term rental investor returns in the New York market.
What is the rent-to-price ratio in New York?
New York has a rent-to-price ratio of 0.570%, meaning monthly rent is about 0.570% of the home's price. The "1% rule" used by buy-and-hold investors looks for 1.0%+; this market falls short of that bar, which is typical for most large US metros today.

Nearby New York markets

Buffalo, NYRochester, NYAlbany, NY

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