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Market MapNew York, NY
Metropolitan Area

New York, NY

New York018 counties
51
/100
Hold
#692 of 894 metros
Top 77% nationally for investing

Market Snapshot

$699,395
Median Home Price
186% above national median
$3,294/mo
Median Rent
138% above national median
5.65%
Rent-to-Price Ratio
Top 59% nationally
-$1,525
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$699,395
Down Payment (20%)$139,879
Loan Amount$559,516
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$3,294
Monthly P&I-$3,666
Est. Expenses (35%)-$1,153
Net Cash Flow-$1,526/mo
3.7%
Cap Rate (all cash)
-11.4%
Cash-on-Cash Return
5.65%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 3.7% cap rate. All-cash buyers may see better returns.

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
51/100
51
Cash Flow(30%)
55/100

Based on 5.65% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
80/100

Based on 3.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
10/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Low unemployment (0.0%)
  • +Large metro with 18 counties offering diverse opportunities

Challenges

  • -Negative cash flow at typical financing (-$1,525/mo)
  • -Negative leverage (cap rate 3.7% < mortgage rate 6.9%)
  • -High price-to-income ratio makes financing challenging

Counties in New York, NY

Best Overall
Pike
PA - Score: 71
Verdict
PikePA
58,99671$293,055$1,9217.87%BuyView
SuffolkNY
1,524,48663$687,107$4,3097.53%BuyView
PutnamNY
97,94262$538,292$2,5065.59%BuyView
MiddlesexNJ
860,14758$567,400$2,5165.32%HoldView
BronxNY
1,443,22956$487,479$2,7286.72%HoldView
NassauNY
1,389,16056$812,770$3,5275.21%HoldView
BergenNJ
953,24352$741,265$2,7564.46%HoldView
UnionNJ
572,07952$615,508$2,5604.99%HoldView
MonmouthNJ
643,06451$735,170$2,8904.72%HoldView
PassaicNJ
519,98651$577,712$2,2084.59%HoldView
RocklandNY
337,32651$727,099$2,8854.76%HoldView
QueensNY
2,360,82650$728,392$2,9704.89%HoldView
RichmondNY
492,92550$703,674$2,5954.43%HoldView
WestchesterNY
997,90450$823,340$2,9834.35%HoldView
EssexNJ
853,37447$636,325$2,2704.28%HoldView
HudsonNJ
712,02947$618,402$2,9095.64%HoldView
KingsNY
2,679,62046$920,227$3,4374.48%HoldView
New YorkNY
1,645,86739$1,184,422$4,3834.44%AvoidView

Click any county to see detailed investment analysis

Compare to Similar Metros

Metro AreaVerdict
Fairmont, WV
Fairmont, WV
71$158,591$1,0127.66%BuyView
Athens, OH
Athens, OH
71$176,334$9656.57%BuyView
Scranton, PA
Scranton, PA
71$219,797$1,3117.16%BuyView
Oneonta, NY
Oneonta, NY
71$201,691$1,69410.08%BuyView
Canton, OH
Canton, OH
71$207,064$1,1196.48%BuyView
Current
New York, NY
51$699,395$3,2945.65%Hold

The Bottom Line

HoldNew York, NY is a neutral market. Consider house hacking or targeting below-market deals in specific counties.

The New York, NY metro area scores 51/100, ranking #692 of 894 US metros (top 77%). The 5.65% rent-to-price ratio may require targeting specific counties or creative strategies for positive cash flow. Among 18 counties, Pike shows the strongest investment potential (score: 71). Current metro-wide averages make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or drilling down to specific counties.

Monthly Cash Flow
$-1,525/mo
Cap Rate
3.7%
Cash-on-Cash
-13.1%

Ready to Invest in New York, NY?

Use our investment calculators to run detailed numbers on specific properties, or explore individual counties for more targeted opportunities.

Single Family1-4 unit rentalsHouse HackOwner-occupiedMultifamily5+ unit propertiesBest CountyPike
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