The published income-needed indicator for New York stands at $207,403. It covers the housing share of the question, not what it takes to live comfortably, which no dataset defines. The metro income-needed indicator changed 2.99% year over year. The median tracked ZIP in New York has a typical home value of $780,921 and typical rent of $3,100 per month. Across tracked ZIPs the typical home value runs from $254,850 in 10462 to $3,742,256 in 10013 — a factor of 14.7.
Key stats
- The metro income-needed indicator changed 2.99% year over year.
- The median tracked ZIP in New York has a typical home value of $780,921 and typical rent of $3,100 per month.
- Across tracked ZIPs the typical home value runs from $254,850 in 10462 to $3,742,256 in 10013 — a factor of 14.7.
- The median tracked ZIP has a home-value-to-annual-rent ratio of 21.0.
- 57 of 174 tracked ZIPs (33%) show the current cooling flag.
- Tracked ZIP markets
- 174
- Median ZIP home value
- $780,921
- Median ZIP rent
- $3,100
- income needed change
- The metro income-needed indicator changed 2.99% year over year.
- housing cost spread
- Across tracked ZIPs the typical home value runs from $254,850 in 10462 to $3,742,256 in 10013 — a factor of 14.7.
- metro price to rent
- The median tracked ZIP has a home-value-to-annual-rent ratio of 21.0.
The income this metro asks for
The published income-needed indicator for New York stands at $207,403. It covers the housing share of the question, not what it takes to live comfortably, which no dataset defines.
The metro income-needed indicator changed 2.99% year over year.
How far that income reaches
Across tracked ZIPs the typical home value runs from $254,850 in 10462 to $3,742,256 in 10013 — a factor of 14.7.
The same salary is comfortable in one tracked ZIP and short in another, which is why a single metro figure answers the question only halfway.
Sources and method
- HomeMarketCap.com data sources: ZIP and metro housing-market datasets
- HomeMarketCap.com methodology: calculation and missing-data rules
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