Housing affordability · NY · 2024
Broome Housing Affordability
22nd most affordable of 62 New York counties · price-to-income ratio
Broome at a glance
Broome is among the more accessible housing markets in New York on both ownership and rental measures — home prices relative to income sit below the state median at 2.5×, and renters face a lower-than-average cost burden.
At Broome's median household income of $62,616, a renter paying the median monthly rent of $941 would commit 18% of gross annual income to housing — below the 30% threshold widely used to define cost burden.
For owner-occupied households, 11% spend more than 30% of their income on housing costs — the standard definition of owner cost burden.
Broome FAQ
What is the median home price in Broome?
The median home value in Broome, NY is $154,900 (2024 ACS 5-year estimate). This is 63% below the New York state median of $423,800.
Is Broome an affordable place to buy a home?
Broome is rated Affordable on the USInsights affordability scale. The price-to-income ratio is 2.5×, meaning the median home costs roughly 2.5 years of median household income ($62,616). Under 3.5× is generally considered affordable.
What is the average rent in Broome?
The median gross rent in Broome is $941 per month (2024 ACS 5-year estimate). 47% of renters spend more than 30% of their income on housing. The New York state median is $1,621.
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