Housing affordability · NY · 2024

Westchester Housing Affordability

Stressed — Under pressure

57th most affordable of 62 New York counties · price-to-income ratio

Median Home Value
$663,200
↑56% vs NY · ↑264% vs US
Price-to-Income Ratio
5.6×
↑14% vs NY · ↑87% vs US
Median Monthly Rent
$1,951
↑20% vs NY · ↑124% vs US
Renter Cost Burden
51%
↑3% vs NY · ↑34% vs US
Analysis · NY

Westchester at a glance

Westchester faces affordability pressure on both ownership and rental costs — the price-to-income ratio of 5.6× exceeds the New York state median, and a higher-than-average share of renters spend more than 30% of their income on housing.

At Westchester's median household income of $118,976, a renter paying the median monthly rent of $1,951 would commit 20% of gross annual income to housing — below the 30% threshold widely used to define cost burden.

For owner-occupied households, 21% spend more than 30% of their income on housing costs — the standard definition of owner cost burden.

Westchester FAQ

What is the median home price in Westchester?

The median home value in Westchester, NY is $663,200 (2024 ACS 5-year estimate). This is 56% above the New York state median of $423,800.

Is Westchester an affordable place to buy a home?

Westchester is rated Stressed on the USInsights affordability scale. The price-to-income ratio is 5.6×, meaning the median home costs roughly 5.6 years of median household income ($118,976). 5.0×–7.0× indicates significant affordability stress.

What is the average rent in Westchester?

The median gross rent in Westchester is $1,951 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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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 →