Housing affordability · NY · 2024
Essex Housing Affordability
39th most affordable of 62 New York counties · price-to-income ratio
Essex at a glance
Essex 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 3.0×, and renters face a lower-than-average cost burden.
At Essex's median household income of $71,661, a renter paying the median monthly rent of $934 would commit 16% of gross annual income to housing — below the 30% threshold widely used to define cost burden.
For owner-occupied households, 13% spend more than 30% of their income on housing costs — the standard definition of owner cost burden.
Essex FAQ
What is the median home price in Essex?
The median home value in Essex, NY is $211,900 (2024 ACS 5-year estimate). This is 50% below the New York state median of $423,800.
Is Essex an affordable place to buy a home?
Essex is rated Affordable on the USInsights affordability scale. The price-to-income ratio is 3.0×, meaning the median home costs roughly 3.0 years of median household income ($71,661). Under 3.5× is generally considered affordable.
What is the average rent in Essex?
The median gross rent in Essex is $934 per month (2024 ACS 5-year estimate). 41% of renters spend more than 30% of their income on housing. The New York state median is $1,621.
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