Housing affordability · NY · 2024
Nassau Housing Affordability
55th cheapest of 62 NY counties by price-to-income ratio · 2836th of 3,216 nationally · tier rated on the national scale
Nassau at a glance
Nassau shows a counter-intuitive pattern: home prices relative to income (4.7×) are below the New York state median, yet a higher-than-average share of renters face cost burden — ownership and rental markets here don't move together.
At Nassau's median household income of $146,202, a renter paying the median monthly rent of $2,252 would commit 18% of gross annual income to housing — below the 30% threshold widely used to define cost burden.
51% of Nassau renters spend more than 30% of their income on housing — the share of the renter population classified as cost-burdened.
For owner-occupied households, 24% spend more than 30% of their income on housing costs — above the NY rate of 19%.
In Nassau, both the price-to-income ratio (4.7) and non-seasonal vacancy (3.5%) sit, nationally, in the top quarter on cost, and the bottom quarter on vacancy.
Nassau FAQ
What is the median home price in Nassau?
The median home value in Nassau, NY is $684,700 (2024 ACS 5-year estimate). This is 62% above the New York state median of $423,800.
Is Nassau an affordable place to buy a home?
Nassau is rated Moderate on the USInsights affordability scale. The price-to-income ratio is 4.7×, meaning the median home costs roughly 4.7 years of median household income ($146,202). 3.5×–5.0× indicates moderate pressure.
What is the average rent in Nassau?
The median gross rent in Nassau is $2,252 per month (2024 ACS 5-year estimate). 51% of renters spend more than 30% of their income on housing. The New York state median is $1,621.
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