Yonkers, NY—10704
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 $638,000, with a year-over-year change of 4.0%. This indicates that home prices in Yonkers, NY are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $638,000 | 4.0% |
| Single Family | $691,000 | 3.9% |
| Condos | $195,000 | 2.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $498,000 | 4.2% |
3 Bed | $686,000 | 3.8% |
4 Bed | $771,000 | 4.2% |
| 5 Bed | $876,000 | 3.9% |
% of Housing Stock
Rental Trends — Yonkers, NY
As of July '25, Rentcast reports the average rent in Yonkers, NY is $2,810, with a year-over-year rent change of 7.7%. Per bedroom, the median rent as of July '25 in Yonkers, NY is studios: $1,650, 1-bedrooms: $1,950, 2-bedrooms: $2,560, 3-bedrooms: $3,560, 4-bedrooms: $3,400. The most common rental property sizes in Yonkers, NY are 2-bedroom and 1-bedroom, accounting for 38.3% and 33.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,600 | $2,810 |
| Studio Rent | $1,500 | $1,650 |
| 1 Bed Rent | $1,800 | $1,950 |
| 2 Bed Rent | $2,550 | $2,560 |
| 3 Bed Rent | $3,500 | $3,560 |
| 4 Bed Rent | $3,400 | $3,400 |
% 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 50. This is a decrease of -12.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $329,000 | 49.0% |
Listing Count | 98 | 65.0% |
| Listings as % of Homes | 0.3% | 65.0% |
Days on Market | 50 | -12.0% |
Demographics — Yonkers, NY
As of the latest ACS Survey released in 2023, Yonkers, NY has a population of 31,800, which has decreased by -1.2% 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 36.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,800 | -1.2% |
% Under 18 | 19.8% | 6.5% |
% Seniors | 18.3% | 2.2% |
% WFH | 9.6% | 300.0% |
% w/ College Degree | 36.7% | 16.5% |
As of the latest ACS Survey released in 2023, Yonkers, NY is a predominantly white area, with 50.2% of the population identifying as white. The white population has shrunk by 14.0% in the last 5 years. The second most common race or ethnicity in Yonkers, NY is hispanic, making up 32.2% of the population. Foreign-born residents account for 32.5% of the population in Yonkers, NY, and this percentage has increased by 2.2% 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 | 50.2% | -14.0% |
% Black | 9.1% | -20.9% |
% Hispanic | 32.2% | 37.0% |
% Asian | 5.6% | -21.1% |
% Foreign Born | 32.5% | 2.2% |
Mortgage and Risk — Yonkers, NY
According to HUD data as of 2023, there were 225 mortgage originations in Yonkers, NY, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Yonkers, NY. Investor activity is low, as 2.0% 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 | 225 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 2.0% |
% 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 7.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 4-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 units do not.
Section 8 Market Size
Total Units under HUD | 326 |
Total Units Section 8 | 324 |
% Rentals under Section 8 | 7.4% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $680 | $1,800 | $2,480 |
| 2 Bedroom | $200 | $2,550 | $2,750 |
| 3 Bedroom | -$70 | $3,500 | $3,430 |
| 4 Bedroom | $300 | $3,400 | $3,700 |
Affordability — Yonkers, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $638,000 |
| Median Household Income | $110,000 |