Home Values in Yonkers, New York — 2026 Market Report
Updated March 2026 | Balanced Market | +3.1% YoY
The median home value in Yonkers, New York is $545,000 as of March 2026, which is above the national median of $400,000. Home values in Yonkers have increased by 3.1% over the past year and 16.5% over the last five years. With a population of 211,569 and a median household income of $68,250, the price-to-income ratio stands at 8.0x, making Yonkers affordable for the average household.
Yonkers Housing Market Conditions
| Metric | Yonkers | National Avg |
|---|---|---|
| Median Home Value | $545,000 | $400,000 |
| YoY Appreciation | +3.1% | +3.8% |
| 5-Year Appreciation | +16.5% | +22.4% |
| Price per Sq Ft | $339 | $222 |
| Days on Market | 51 days | 45 days |
| Months of Supply | 4.1 | 3.5 |
| List-to-Sale Ratio | 100.1% | 98.5% |
| Monthly Homes Sold | 171 | — |
| Foreclosure Rate | 0.56% | 0.3% |
Home Value Trends in Yonkers
A homeowner who purchased at the median price of $467,811 five years ago in Yonkers would have gained approximately $77,189 in equity, representing a 16.5% return on investment. Over the past year alone, the typical homeowner gained $16,387 in home equity.
Affordability in Yonkers, NY
With a median household income of $68,250 and a median home price of $545,000, the price-to-income ratio in Yonkers is 8.0x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $3,853 compared to estimated monthly ownership costs of $3,357 gives a rent-vs-buy ratio of 0.87. In Yonkers, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Yonkers
The effective property tax rate in New York is 1.69%. On a home valued at $545,000, the estimated annual property tax bill is $9,211, or approximately $768/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Yonkers is 135.5 (100 = national average), indicating living costs are above the national average.
Calculate Your Mortgage Payment in Yonkers
Use our free calculator to estimate monthly payments for a $545,000 home
Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Yonkers, NY?
The median home value in Yonkers, New York is $545,000 as of March 2026. Home values have changed +3.1% over the past year, with a 5-year appreciation of 16.5%.
Is Yonkers a buyer's or seller's market?
Yonkers is currently a balanced market with 4.1 months of housing supply. Homes spend an average of 51 days on market, and the list-to-sale price ratio is 100.1%. Supply and demand are relatively balanced.
Are home values going up in Yonkers?
Yes, home values in Yonkers have increased by 3.1% over the past year. The 5-year appreciation rate is 16.5%, meaning a home worth $467,811 five years ago is now worth $545,000.
Is it better to rent or buy in Yonkers?
The average monthly rent in Yonkers is $3,853, while estimated monthly homeownership costs are approximately $3,357. The price-to-rent ratio is 11.8. Based on current conditions, buying may be more cost-effective than renting in this market.
Home Values in Other New York Cities
Related Resources
Disclaimer: Home value data for Yonkers, New York is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.