Yonkers, NY—10705
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 $675,000, with a year-over-year change of 3.1%. This indicates that home prices in Yonkers, NY are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $675,000 | 3.1% |
| Single Family | $721,000 | 2.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $285,000 | 5.9% |
3 Bed | $696,000 | 3.0% |
4 Bed | $752,000 | 2.2% |
| 5 Bed | $843,000 | 3.2% |
% 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 -10.7%. Per bedroom, the median rent as of July '25 in Yonkers, NY is studios: $2,280, 1-bedrooms: $2,000, 2-bedrooms: $2,600, 3-bedrooms: $2,960, 4-bedrooms: $3,400. The most common rental property sizes in Yonkers, NY are 2-bedroom and 1-bedroom, accounting for 35.1% and 28.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,600 | $2,670 |
| Studio Rent | $1,650 | $2,280 |
| 1 Bed Rent | $2,000 | $2,000 |
| 2 Bed Rent | $2,600 | $2,600 |
| 3 Bed Rent | $2,900 | $2,960 |
| 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 57. This is a decrease of -17.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $596,000 | 16.0% |
Listing Count | 66 | 90.0% |
| Listings as % of Homes | 0.3% | 90.0% |
Days on Market | 57 | -17.0% |
Demographics — Yonkers, NY
As of the latest ACS Survey released in 2023, Yonkers, NY has a population of 40,400, which has remained stable by -0.8% over the past 5 years. Yonkers, NY is a moderately popular place for families, as children make up 23.6% of the population. The area has a moderately educated workforce, with 30.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 40,400 | -0.8% |
% Under 18 | 23.6% | 0.9% |
% Seniors | 15.2% | 18.8% |
% WFH | 8.2% | 203.7% |
% w/ College Degree | 30.1% | 21.9% |
As of the latest ACS Survey released in 2023, Yonkers, NY is a predominantly hispanic area, with 62.3% of the population identifying as hispanic. The hispanic population has grown by 16.7% in the last 5 years. The second most common race or ethnicity in Yonkers, NY is white, making up 17.4% of the population. Foreign-born residents account for 39.8% of the population in Yonkers, NY, and this percentage has increased by 1.3% 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 | 17.4% | -19.1% |
% Black | 16.8% | -12.0% |
% Hispanic | 62.3% | 16.7% |
% Asian | 4.9% | -26.9% |
% Foreign Born | 39.8% | 1.3% |
Mortgage and Risk — Yonkers, NY
According to HUD data as of 2023, there were 148 mortgage originations in Yonkers, NY, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Yonkers, NY. Investor activity is low, as 3.0% 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 | 148 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 3.0% |
% 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 21.3%. 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 | 2,038 |
Total Units Section 8 | 1,969 |
% Rentals under Section 8 | 21.3% |
% Occupied Section 8 | 89.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $470 | $2,000 | $2,470 |
| 2 Bedroom | $130 | $2,600 | $2,730 |
| 3 Bedroom | $500 | $2,900 | $3,400 |
| 4 Bedroom | $270 | $3,400 | $3,670 |
Affordability — Yonkers, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.7 |
| Median Home Price | $675,000 |
| Median Household Income | $68,600 |