Housing affordability · NY · 2024
Hamilton Housing Affordability
48th cheapest of 62 NY counties by price-to-income ratio · 2451st of 3,216 nationally · tier rated on the national scale
Hamilton at a glance
Hamilton sits in the moderate range for housing costs — the price-to-income ratio of 3.8× is below the New York state median, and renters face below-average cost burden by state standards.
At Hamilton's median household income of $68,835, a renter paying the median monthly rent of $912 would commit 16% of gross annual income to housing — below the 30% threshold widely used to define cost burden.
39% of Hamilton renters spend more than 30% of their income on housing — the share of the renter population classified as cost-burdened.
For owner-occupied households, 10% spend more than 30% of their income on housing costs — below the NY rate of 19%.
In Hamilton, both the price-to-income ratio (3.8) and non-seasonal vacancy (4.2%) sit, nationally, in the top quarter on cost, and the bottom quarter on vacancy.
Hamilton FAQ
What is the median home price in Hamilton?
The median home value in Hamilton, NY is $260,200 (2024 ACS 5-year estimate). This is 39% below the New York state median of $423,800.
Is Hamilton an affordable place to buy a home?
Hamilton is rated Moderate on the USInsights affordability scale. The price-to-income ratio is 3.8×, meaning the median home costs roughly 3.8 years of median household income ($68,835). 3.5×–5.0× indicates moderate pressure.
What is the average rent in Hamilton?
The median gross rent in Hamilton is $912 per month (2024 ACS 5-year estimate). 39% of renters spend more than 30% of their income on housing. The New York state median is $1,621.
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