Housing affordability · NY · 2024
Genesee Housing Affordability
14th cheapest of 62 NY counties by price-to-income ratio · 663rd of 3,216 nationally · tier rated on the national scale
Genesee at a glance
Genesee 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 2.3×, and renters face a lower-than-average cost burden.
At Genesee's median household income of $73,314, a renter paying the median monthly rent of $929 would commit 15% of gross annual income to housing — below the 30% threshold widely used to define cost burden.
42% of Genesee renters spend more than 30% of their income on housing — the share of the renter population classified as cost-burdened.
For owner-occupied households, 12% spend more than 30% of their income on housing costs — below the NY rate of 19%.
Nationally, Genesee combines a price-to-income ratio of 2.3 with non-seasonal vacancy of 4.1% — placing it in the most affordable quarter of US counties, and the lowest-vacancy quarter as well.
Genesee FAQ
What is the median home price in Genesee?
The median home value in Genesee, NY is $170,500 (2024 ACS 5-year estimate). This is 60% below the New York state median of $423,800.
Is Genesee an affordable place to buy a home?
Genesee is rated Affordable on the USInsights affordability scale. The price-to-income ratio is 2.3×, meaning the median home costs roughly 2.3 years of median household income ($73,314). Under 3.5× is generally considered affordable.
What is the average rent in Genesee?
The median gross rent in Genesee is $929 per month (2024 ACS 5-year estimate). 42% of renters spend more than 30% of their income on housing. The New York state median is $1,621.
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