Foreclosure Homes in Yonkers, NY

Current Market Conditions in Yonkers, NY

The real estate market in Yonkers has been thriving, spurred by a growing demand for housing amidst the area's revitalization and connectivity to New York City. The growth of young professionals and families relocating to the area has driven up the median home prices significantly over the past few years, making it a competitive market for buyers. Homes tend to sell quickly, especially in desirable neighborhoods close to the waterfront and public transport.

Recent trends indicate an increase in luxury apartment developments and a push for urban renewal in older neighborhoods. These changes attract a diverse demographic, enhancing the community's life while also impacting home values positively.

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.