Housing affordability · NY · 2024
Suffolk Housing Affordability
54th most affordable of 62 New York counties · price-to-income ratio
Suffolk at a glance
Suffolk shows a counter-intuitive pattern: home prices relative to income (4.4×) are below the New York state median, yet a higher-than-average share of renters face cost burden — typically reflecting a concentration of lower-income households in the local rental market.
At Suffolk's median household income of $130,686, a renter paying the median monthly rent of $2,255 would commit 21% of gross annual income to housing — below the 30% threshold widely used to define cost burden.
For owner-occupied households, 24% spend more than 30% of their income on housing costs — the standard definition of owner cost burden.
Suffolk FAQ
What is the median home price in Suffolk?
The median home value in Suffolk, NY is $578,400 (2024 ACS 5-year estimate). This is 36% above the New York state median of $423,800.
Is Suffolk an affordable place to buy a home?
Suffolk is rated Moderate on the USInsights affordability scale. The price-to-income ratio is 4.4×, meaning the median home costs roughly 4.4 years of median household income ($130,686). 3.5×–5.0× indicates moderate pressure.
What is the average rent in Suffolk?
The median gross rent in Suffolk is $2,255 per month (2024 ACS 5-year estimate). 54% of renters spend more than 30% of their income on housing. The New York state median is $1,621.
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