Foreclosure Homes in Yonkers, NY 10705

Current Market Conditions in Yonkers, NY

The Yonkers real estate market has been experiencing steady growth, driven by a strong demand for housing and an influx of new residents attracted by the city's amenities and proximity to New York City. While home prices have risen, the market remains accessible for first-time home buyers due to a variety of price points in the area.

Condominium developments and revitalization projects along the waterfront have also played a role in boosting the local economy and increasing property values.

Rent Prices In Yonkers, NY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Yonkers, NY, is on a rollercoaster ride. The average rent price in Yonkers, NY, is $2,617.00. Indeed, when looking to rent in Yonkers, NY, you can expect to pay as little as $1,040.00 or as much as $7,000.00, with the average rent median estimated to be $2,590.00. The good news is that finding an affordable and desirable property to rent in Yonkers, NY -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.