Housing affordability · NY · 2024
Wayne Housing Affordability
16th cheapest of 62 NY counties by price-to-income ratio · 665th of 3,216 nationally · tier rated on the national scale
Wayne at a glance
Wayne 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 Wayne's median household income of $74,506, a renter paying the median monthly rent of $938 would commit 15% of gross annual income to housing — below the 30% threshold widely used to define cost burden.
41% of Wayne renters spend more than 30% of their income on housing — the share of the renter population classified as cost-burdened.
For owner-occupied households, 14% spend more than 30% of their income on housing costs — below the NY rate of 19%.
Nationally, Wayne sits in the more affordable, lower-vacancy quadrant — a 2.3 price-to-income ratio and 5.6% non-seasonal vacancy places it in the cheapest and lowest-vacancy quarter of US counties.
Wayne FAQ
What is the median home price in Wayne?
The median home value in Wayne, NY is $170,000 (2024 ACS 5-year estimate). This is 60% below the New York state median of $423,800.
Is Wayne an affordable place to buy a home?
Wayne 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 ($74,506). Under 3.5× is generally considered affordable.
What is the average rent in Wayne?
The median gross rent in Wayne is $938 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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