August 15, 2022 –
The phrase “affordable housing” may seem like an oxymoron in the Hudson Valley, where second quarter median sales prices for single-family homes soared to $885,000 in Westchester, $645,000 in Rockland, $617,500 in the Bronx, $480,000 in Putnam, and $415,000 in Orange County. Only Sullivan County held out as somewhat affordable with a median single-family home price of $259,900, according to OneKey MLS data.
Rental costs are no different, with the average monthly rent for a one-bedroom apartment in White Plains at $3,093, according to Rent Café. New Rochelle’s average rent came in at $2,499 and Yonkers, $2,253. Middletown in Orange County had a significant difference at $1,839 and in the Bronx, $1,682.