Yonkers, NY—10703
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 $594,000, with a year-over-year change of 3.2%. This indicates that home prices in Yonkers, NY are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $594,000 | 3.2% |
| Single Family | $643,000 | 3.4% |
| Condos | $253,000 | 1.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $380,000 | 1.1% |
3 Bed | $615,000 | 3.4% |
4 Bed | $712,000 | 3.5% |
| 5 Bed | $820,000 | 3.4% |
% of Housing Stock
Rental Trends — Yonkers, NY
As of July '25, Rentcast reports the average rent in Yonkers, NY is $2,740, with a year-over-year rent change of 0.4%. Per bedroom, the median rent as of July '25 in Yonkers, NY is 1-bedrooms: $2,010, 2-bedrooms: $2,410, 3-bedrooms: $3,120, 4-bedrooms: $3,450. The most common rental property sizes in Yonkers, NY are 3-bedroom and 1-bedroom, accounting for 36.3% and 29.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $2,740 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,000 | $2,010 |
| 2 Bed Rent | $2,400 | $2,410 |
| 3 Bed Rent | $3,000 | $3,120 |
| 4 Bed Rent | $3,400 | $3,450 |
% 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 35. This is a decrease of -7.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $550,000 | 33.0% |
Listing Count | 39 | 117.0% |
| Listings as % of Homes | 0.4% | 117.0% |
Days on Market | 35 | -7.0% |
Demographics — Yonkers, NY
As of the latest ACS Survey released in 2023, Yonkers, NY has a population of 22,100, which has increased by 1.3% over the past 5 years. Yonkers, NY is a moderately popular place for families, as children make up 19.8% of the population. The area has a moderately educated workforce, with 26.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,100 | 1.3% |
% Under 18 | 19.8% | -9.6% |
% Seniors | 18.5% | 8.8% |
% WFH | 10.4% | 511.8% |
% w/ College Degree | 26.2% | -19.4% |
As of the latest ACS Survey released in 2023, Yonkers, NY is a predominantly hispanic area, with 42.8% of the population identifying as hispanic. The hispanic population has shrunk by 1.2% in the last 5 years. The second most common race or ethnicity in Yonkers, NY is white, making up 29.8% of the population. Foreign-born residents account for 32.3% of the population in Yonkers, NY, and this percentage has decreased by 5.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 29.8% | -12.1% |
% Black | 21.8% | 28.2% |
% Hispanic | 42.8% | -1.2% |
% Asian | 4.6% | -17.9% |
% Foreign Born | 32.3% | -5.8% |
Mortgage and Risk — Yonkers, NY
According to HUD data as of 2023, there were 218 mortgage originations in Yonkers, NY, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Yonkers, NY. Investor activity is low, as 3.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 218 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Yonkers, NY
As of 2024, the percent of homes in Yonkers, NY under the Section 8 program is 25.5%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Yonkers, NY, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 965 |
Total Units Section 8 | 933 |
% Rentals under Section 8 | 25.5% |
% Occupied Section 8 | 90.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $180 | $2,000 | $2,180 |
| 2 Bedroom | $10 | $2,400 | $2,410 |
| 3 Bedroom | $0 | $3,000 | $3,000 |
| 4 Bedroom | -$160 | $3,400 | $3,240 |
Affordability — Yonkers, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.9 |
| Median Home Price | $594,000 |
| Median Household Income | $74,900 |