Real estate in popular NY cities
About New York
For many, "New York" is synonymous with The Big Apple: skyscrapers, Broadway shows, Wall Street. However, most of the state's 54,520 square miles are dominated by farms, forests, rivers, mountains, and lakes. Its Adirondack State Park, alone, is roughly the size of the state of Vermont, and New York's beaches, both ocean and fresh water, stretch for hundreds of miles. Central New York is home to the glacially-created Finger Lakes and to the west, Niagara Falls, the nation's honeymoon capital, thunders over the crestline at a rate of more than 6 million cubic feet of water every minute.
The state has about a quarter of its land in farms and the south shore of Lake Erie, the Finger Lakes hillsides, and the eastern forks of Long Island have many vineyards, making New York the nation's second-largest wine-producing state, behind California.
New York's diversity of landscape is mirrored by its diverse demographics. In the 1600s, Dutch and English settlers displaced the Native American tribes residing in the region. And during the immigration waves that followed, Ellis Island was the gateway for millions of immigrants: Irish, Italian, Jewish, Polish, German, Hungarian, and many more. It has been estimated that nearly half of all Americans today can trace their family history to at least one person who passed through the Port of New York at Ellis Island. Newer immigrants from Asia and Latin America have helped to swell New York's population to its present 19,273,450, making it the third most populous state, behind California and Texas.
If New York were an independent nation, it would rank as the 16th largest economy. Its 2005 per capita personal income was $40,072, placing it fifth in the nation. New York City is the leading center of banking, finance and communication in the nation.
As a major agricultural producer, New York ranks among the top five states. The state also has a large manufacturing sector that includes printing and the production of garments, furs, railroad equipment and bus line vehicles. Many of these industries are concentrated in upstate regions. Albany and the Hudson Valley are major centers of nanotechnology and microchip manufacturing.
Like its landscape and its demographics, the New York real estate market is varied. While New York real estate prices range from well under $100,000 for a single-family house in rural communities to more than $4 million for an apartment in Manhattan's Dakota Building where John Lennon lived with Yoko Ono, the New York statewide median value of owner-occupied homes is $323,200. The median of selected monthly owner costs with a mortgage is $1,652.
|NEW YORK INFORMATION||DETAIL|
|NUMBER OF HOMES AND APARTMENTS||7,317,755|
|NEW YORK HOME OWNERSHIP|
|% OWNER OCCUPIED||55.54%|
|% RENTER OCCUPIED||44.17%|
|TYPE OF NEW YORK HOMES|
|SINGLE FAMILY DETACHED||42.85%|
|ROWHOUSES AND ATTACHED HOMES||5.17%|
|SMALL APARTMENT BUILDINGS||18.89%|
|COMPLEXES OF HIGH RISE APARTMENTS||30.85%|
|SIZE OF NEW YORK HOMES|
|5 OR MORE BEDROOMS||4.87%|
|AGE OF NEW YORK HOMES|
|NEWER HOMES (2000 OR LATER)||5.32%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||23.47%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||37.92%|
|HISTORIC (1939 OR BEFORE)||33.00%|
|NEW YORK REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$279,880|
|MEDIAN RENTAL PRICE||$1,038|
|HOME VALUE RANGE|
|$0 - $49,000||5.27%|
|$49,001 - $98,000||11.94%|
|$98,001 - $196,000||21.05%|
|$196,001 - $294,000||13.65%|
|$294,001 - $392,000||13.94%|
|$392,001 - $491,000||11.20%|
|$491,001 - $736,000||13.37%|
|$736,001 - $981,000||4.82%|
|PEOPLE OF NEW YORK||DETAILS|
|UNDER 5 YEARS||5.96%|
|5 TO 17||16.35%|
|18 TO 24||10.24%|
|25 TO 34||13.72%|
|35 TO 54||28.32%|
|55 TO 64||11.89%|
|65 YEARS AND OVER||13.50%|
|EDUCATION ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||83.89%|
|MEDIAN HOUSEHOLD INCOME||$62,029|
|PER CAPITA INCOME||$31,015|
|INDIVIDUALS BELOW POVERTY LEVEL||14.30%|
|INDUSTRIES PEOPLE WORK IN||Education (26.97%)
Professional, scientific, and technical services (10.50%)
Public Service (4.92%)
Information Technology (2.95%)
Real estate (2.54%)
|BLACK OR AFRICAN AMERICAN||15.86%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.55%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.05%|
|SOME OTHER RACE ALONE||7.44%|
|TWO OR MORE RACES||3.02%|
|HISPANIC OR LATINO (OF ANY RACE)||17.63%|
|ETHNICITIES PRESENT||Other groups (35.08%)
|LANGUAGES SPOKEN||English (70.77%)
Get the Ultimate Realtor…
We screen Realtors according to rigorous sales and service benchmarks, and we constantly survey our customers to make sure that Realtors in our elite network are meeting your highest standards. We guarantee it.†
…Plus a Cash Award
How much cash could I get?
Select an option below. You'll hear from us within 1 business hour.
New York Realtors
Find a Realtor® and get up to $2,000 Cash Back.
How it works
Ready to find a Realtor?