Ranked from ACS 2023 5-Year
Lowest Price-to-Rent Ratios in New York
Price-to-rent is the median home value divided by a year of median gross rent, so a ratio of 12 means the house costs about twelve years of rent. Low ratios are where buying is cheapest against the local alternative. It is the one comparison on this site that assumes nothing about mortgage rates, down payment or how long you stay, which is why it travels well between counties. Both figures are Census five-year estimates for the same period, and rent here includes the utilities a tenant pays.
New York ranked
| # | County | Price-to-rent | Median home | Median rent |
|---|---|---|---|---|
| 1 | Chemung County | 10.8 yrs | $132,100 | $1,020 |
| 2 | Allegany County | 10.8 yrs | $97,900 | $754 |
| 3 | Orleans County | 12.0 yrs | $126,200 | $877 |
| 4 | Cattaraugus County | 12.0 yrs | $109,400 | $759 |
| 5 | Steuben County | 12.2 yrs | $128,600 | $878 |
| 6 | Oswego County | 12.3 yrs | $139,600 | $943 |
| 7 | Jefferson County | 12.4 yrs | $181,000 | $1,214 |
| 8 | Chautauqua County | 12.5 yrs | $119,300 | $797 |
| 9 | St. Lawrence County | 12.5 yrs | $119,800 | $799 |
| 10 | Montgomery County | 12.8 yrs | $141,600 | $921 |
| 11 | Seneca County | 12.9 yrs | $142,700 | $925 |
| 12 | Chenango County | 13.0 yrs | $128,100 | $819 |
| 13 | Franklin County | 13.1 yrs | $128,600 | $819 |
| 14 | Broome County | 13.2 yrs | $145,100 | $914 |
| 15 | Herkimer County | 13.9 yrs | $135,000 | $811 |
| 16 | Tioga County | 14.0 yrs | $153,200 | $914 |
| 17 | Cortland County | 14.5 yrs | $158,100 | $911 |
| 18 | Genesee County | 14.5 yrs | $157,800 | $909 |
| 19 | Onondaga County | 14.5 yrs | $185,300 | $1,067 |
| 20 | Monroe County | 14.6 yrs | $197,100 | $1,126 |
| 21 | Wayne County | 14.7 yrs | $163,400 | $929 |
| 22 | Fulton County | 14.7 yrs | $156,100 | $883 |
| 23 | Ontario County | 15.0 yrs | $202,900 | $1,126 |
| 24 | Clinton County | 15.3 yrs | $175,100 | $956 |
| 25 | Cayuga County | 15.3 yrs | $164,200 | $895 |
| 26 | Washington County | 15.4 yrs | $185,000 | $1,000 |
| 27 | Livingston County | 15.5 yrs | $169,600 | $912 |
| 28 | Oneida County | 15.5 yrs | $171,100 | $917 |
| 29 | Otsego County | 15.6 yrs | $175,900 | $942 |
| 30 | Schuyler County | 15.9 yrs | $163,300 | $858 |
| 31 | Lewis County | 16.0 yrs | $158,000 | $821 |
| 32 | Schenectady County | 16.0 yrs | $223,100 | $1,159 |
| 33 | Tompkins County | 16.5 yrs | $271,500 | $1,374 |
| 34 | Wyoming County | 16.5 yrs | $154,700 | $782 |
| 35 | Madison County | 16.5 yrs | $176,800 | $891 |
| 36 | Schoharie County | 16.6 yrs | $182,000 | $916 |
| 37 | Niagara County | 17.0 yrs | $177,400 | $870 |
| 38 | Rensselaer County | 17.2 yrs | $244,300 | $1,182 |
| 39 | Delaware County | 17.3 yrs | $176,200 | $848 |
| 40 | Erie County | 17.5 yrs | $217,400 | $1,037 |
| 41 | Albany County | 18.5 yrs | $277,400 | $1,252 |
| 42 | Yates County | 18.5 yrs | $178,000 | $802 |
| 43 | Essex County | 18.7 yrs | $200,000 | $890 |
| 44 | Orange County | 18.8 yrs | $361,100 | $1,602 |
| 45 | Warren County | 18.9 yrs | $247,600 | $1,089 |
| 46 | Sullivan County | 19.6 yrs | $234,800 | $999 |
| 47 | Ulster County | 19.7 yrs | $315,100 | $1,335 |
| 48 | Saratoga County | 20.1 yrs | $324,800 | $1,347 |
| 49 | Dutchess County | 20.2 yrs | $368,100 | $1,522 |
| 50 | Putnam County | 20.5 yrs | $448,000 | $1,824 |
| 51 | Suffolk County | 20.5 yrs | $539,500 | $2,190 |
| 52 | Greene County | 20.8 yrs | $248,300 | $993 |
| 53 | Columbia County | 21.5 yrs | $309,800 | $1,199 |
| 54 | Hamilton County | 23.4 yrs | $242,000 | $860 |
| 55 | Nassau County | 25.0 yrs | $658,700 | $2,195 |
| 56 | Rockland County | 25.7 yrs | $564,200 | $1,826 |
| 57 | Westchester County | 28.4 yrs | $638,400 | $1,876 |
| 58 | Bronx County | 30.0 yrs | $517,000 | $1,436 |
| 59 | Queens County | 30.4 yrs | $699,200 | $1,915 |
| 60 | Richmond County | 32.5 yrs | $658,500 | $1,689 |
| 61 | Kings County | 41.6 yrs | $889,700 | $1,784 |
| 62 | New York County | 43.3 yrs | $1,108,900 | $2,132 |
Every figure is modelled on the county's own median home with 20% down at 7.03%. Property tax and electricity are county and state specific; homeowners insurance uses the NAIC average premium for that state, which ranges from 0.16% of home value in Hawaii to 1.16% in Oklahoma. Maintenance and water are national estimates. Full methodology.
Nationwide
Lowest Price-to-Rent Ratios across all 3,133 US counties · Every county in New York