Housing affordability · NY · 2024

Seneca Housing Affordability

Affordable — Good value

15th most affordable of 62 New York counties · price-to-income ratio

Median Home Value
$155,400
↓63% vs NY · ↓15% vs US
Price-to-Income Ratio
2.3×
↓53% vs NY · ↓23% vs US
Median Monthly Rent
$957
↓41% vs NY · ↑10% vs US
Renter Cost Burden
41%
↓16% vs NY · ↑9% vs US
Analysis · NY

Seneca at a glance

Seneca 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 Seneca's median household income of $68,089, a renter paying the median monthly rent of $957 would commit 17% 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.

Seneca FAQ

What is the median home price in Seneca?

The median home value in Seneca, NY is $155,400 (2024 ACS 5-year estimate). This is 63% below the New York state median of $423,800.

Is Seneca an affordable place to buy a home?

Seneca 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 ($68,089). Under 3.5× is generally considered affordable.

What is the average rent in Seneca?

The median gross rent in Seneca is $957 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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Source: US Census Bureau ACS 5-Year Estimates 2024 (2020–2024 survey period). Price-to-income ratio = median home value ÷ median household income. Full New York methodology →