New York City Stats

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Category: Housing

4 Counties in New York Are Among America’s 25 Least Affordable Housing Markets

In the wake of the subprime mortgage crisis, housing became much more affordable as prices dropped. Since peaking in 2012, however, affordability has rapidly declined. Inventory of for-sale homes fell faster in May than it has in years, and home prices have risen substantially in turn. Homeownership in the United States has declined in recent […]

Why Owning a Home in Less Common in New York City

Fewer and fewer Americans have been buying homes over the last decade. Today, just 63.0% of Americans own their homes, the smallest share since 1965. In the New York-Newark-Jersey City metro area, 50.8% of residents own their homes, lower than the national homeownership rate and the lowest of any metro area in New York state. […]

Why Quality of Life is Higher in New York State

Americans often evaluate their home states according to such subjective conditions as climate preference, the presence of friends and family, and personal history. In addition to these subjective measures, more objective socioeconomic factors also contribute to life satisfaction. It is such quantitative measures that can help assess the broader quality of life in a given […]

New York is America’s Most Crowded City

There are 31,251 people per square mile in the New York-Newark-Jersey City metro area, higher than the national population density of 6,321 Americans per square mile across all U.S. metro areas. New York also has the highest population density of any New York metro area. Population density can have a meaningful impact on home prices […]

Why New York is One of the Most Expensive Housing Markets

A typical home in the New York-Newark-Jersey City, New York metro area costs $414,000, more than the national median home value of $194,500. The median home value in New York is also higher than in New York as a whole, where the typical home is worth $293,500. New York’s median home value is also the […]

New York City is the 13th Most Expensive Housing Market in America

For the first time, the median price of a home in a U.S. metro area passed the $1 million mark. A typical home in the San Jose, California area sold in the second quarter of 2016 for $1,085,000, more than four times the national median home price of $240,700. Housing prices vary considerably between metro […]

New York City has the 8th Lowest Homeownership Rate in America

Home purchases in the United States have rebounded since the the recession that began in late 2007. The residential real estate market is a major pillar of the economy and returning interest in home buying is a healthy sign of economic activity. Over the last decade, however, the homeownership rate has steadily declined — from […]

New York City Has the 23rd Fastest Shrinking Housing Market

The U.S. housing sector is gradually returning to pre-crisis levels. Home prices rose for four consecutive years to a median of $222,400 at the end of 2015, the highest since 2007. Prices rose further in the second quarter — by 4.9% from the same time a year ago. With increased home values as well as […]

New York is the 6th Best City for Single Mothers

Raising children on a single income is no easy feat, and single mothers in the United States struggle more than almost any other group of Americans. Still, some cities are easier for single mothers trying to make ends meet — and some cities are far worse. The costs of housing, food, childcare, and education give […]

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