Yonkers, NY—10701
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Yonkers, NY
As of Oct '25, the median home price in Yonkers, NY is $593,000, with a year-over-year change of 3.0%. This indicates that home prices in Yonkers, NY are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $593,000 | 3.0% |
| Single Family | $692,000 | 3.4% |
| Condos | $256,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $216,000 | 0.0% |
2 Bed | $369,000 | 1.4% |
3 Bed | $672,000 | 3.4% |
4 Bed | $769,000 | 3.8% |
| 5 Bed | $862,000 | 4.5% |
% of Housing Stock
Rental Trends — Yonkers, NY
As of July '25, Rentcast reports the average rent in Yonkers, NY is $2,670, with a year-over-year rent change of -18.8%. Per bedroom, the median rent as of July '25 in Yonkers, NY is studios: $2,090, 1-bedrooms: $2,240, 2-bedrooms: $2,590, 3-bedrooms: $3,050, 4-bedrooms: $3,010. The most common rental property sizes in Yonkers, NY are 2-bedroom and 1-bedroom, accounting for 35.3% and 28.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,600 | $2,670 |
| Studio Rent | $2,100 | $2,090 |
| 1 Bed Rent | $2,100 | $2,240 |
| 2 Bed Rent | $2,500 | $2,590 |
| 3 Bed Rent | $3,000 | $3,050 |
| 4 Bed Rent | $2,900 | $3,010 |
% of Rental Stock
Property Listings — Yonkers, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Yonkers, NY is 73. This is a increase of 8.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 8.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $317,000 | 39.0% |
Listing Count | 123 | 82.0% |
| Listings as % of Homes | 0.2% | 82.0% |
Days on Market | 73 | 8.0% |
Demographics — Yonkers, NY
As of the latest ACS Survey released in 2023, Yonkers, NY has a population of 70,100, which has increased by 18.1% over the past 5 years. Yonkers, NY is a moderately popular place for families, as children make up 23.5% of the population. The area has a moderately educated workforce, with 29.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 70,100 | 18.1% |
% Under 18 | 23.5% | 0.4% |
% Seniors | 12.9% | -12.8% |
% WFH | 9.5% | 239.3% |
% w/ College Degree | 29.5% | 13.9% |
As of the latest ACS Survey released in 2023, Yonkers, NY is a predominantly hispanic area, with 51.6% of the population identifying as hispanic. The hispanic population has grown by 20.6% in the last 5 years. The second most common race or ethnicity in Yonkers, NY is black, making up 22.6% of the population. Foreign-born residents account for 35.0% of the population in Yonkers, NY, and this percentage has increased by 10.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 20.7% | -23.0% |
% Black | 22.6% | -20.1% |
% Hispanic | 51.6% | 20.6% |
% Asian | 3.1% | -39.2% |
% Foreign Born | 35.0% | 10.8% |
Mortgage and Risk — Yonkers, NY
According to HUD data as of 2023, there were 254 mortgage originations in Yonkers, NY, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Yonkers, NY. Investor activity is low, as 7.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 254 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 7.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Yonkers, NY
As of 2024, the percent of homes in Yonkers, NY under the Section 8 program is 29.4%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Yonkers, NY, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 5,983 |
Total Units Section 8 | 5,834 |
% Rentals under Section 8 | 29.4% |
% Occupied Section 8 | 87.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $340 | $2,100 | $2,440 |
| 2 Bedroom | $200 | $2,500 | $2,700 |
| 3 Bedroom | $360 | $3,000 | $3,360 |
| 4 Bedroom | $730 | $2,900 | $3,630 |
Affordability — Yonkers, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.3 |
| Median Home Price | $593,000 |
| Median Household Income | $63,300 |