Is New York County, NY good for real estate investing?

New York County has an investment score of 41/100, rated as "Avoid". The county ranks #943 nationally among 1000 counties analyzed.

What is the rent-to-price ratio in New York?

The rent-to-price ratio in New York County is 4.43% annually, which ranks in the 13th percentile nationally. Higher ratios indicate better cash flow potential.

What is the median home price in New York?

The median home price in New York County is $1,182,636. This ranks #995 in affordability among all US counties.

Can you cash flow on rental properties in New York?

Based on median values with 20% down at current rates, a typical rental in New York County would generate negative cash flow of $3,361/month. Individual property performance varies based on purchase price, rent, and operating expenses.

New York County

New YorkPopulation: 1,645,867

/100

Avoid

#943 of 1,000 counties

#62 in New York (62 counties)

Market Snapshot

$1,182,636

Median Home Price

332% above national median

$4,367/mo

Median Rent

192% above national median

4.43%

Rent-to-Price Ratio

Top 87% nationally

-$3,361

Est. Monthly Cash Flow

With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$1,182,636

Down Payment (20%)$236,527

Loan Amount$946,109

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$4,367

Monthly P&I-$6,199

Est. Expenses (35%)-$1,529

Net Cash Flow-$3,361/mo

2.9%

Cap Rate (all cash)

-14.8%

Cash-on-Cash Return

4.43%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 2.9% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full Analysis Try House Hack Strategy

Score Breakdown

Overall Investment Score

41/100

Cash Flow(30%)

36/100

Based on 4.43% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

64/100

Based on 1.4% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

6/100

Price-to-income ratio of 11.8x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

+Complete rent data available

Challenges

-Below-average rent-to-price ratio (4.43%)
-Negative cash flow at typical financing (-$3,361/mo)
-Negative leverage (cap rate 2.9% < mortgage rate 6.9%)
-High price-to-income ratio makes financing challenging

Economic Indicators

Population

1,645,867

Median Income

$99,880

vs $62,400 national est.

Unemployment Rate

—

Data pending

Price-to-Income

11.8x

Less affordable

Compare to Nearby Counties

County					Verdict
RocklandNY	51	$724,554	$2,953	4.89%	Hold	View
QueensNY	50	$722,489	$3,002	4.99%	Hold	View
WestchesterNY	49	$824,579	$3,016	4.39%	Hold	View
RichmondNY	48	$701,776	$2,408	4.12%	Hold	View
KingsNY	47	$915,205	$3,516	4.61%	Hold	View
CurrentNew YorkNY	41	$1,182,636	$4,367	4.43%	Avoid

The Bottom Line

AvoidNew York may be challenging for traditional rentals. High prices or low rents make cash flow difficult.

New York County in New York scores 41/100, ranking #943 of 1,000 US counties (top 94%). The 4.43% rent-to-price ratio may require creative strategies or below-market purchases for positive cash flow. Current market conditions make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or all-cash purchases.

Monthly Cash Flow

$-3,361/mo

Cap Rate

2.9%

Cash-on-Cash

-14.8%

Ready to Analyze a Deal in New York?

Use our investment calculators to run detailed numbers on specific properties.

Single Family1-4 unit rentals, BRRRR House HackOwner-occupied strategy Multifamily5+ unit properties

Explore Other Markets

Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$1,182,636

Down Payment (20%)$236,527

Loan Amount$946,109

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$4,367

Monthly P&I-$6,199

Est. Expenses (35%)-$1,529

Net Cash Flow-$3,361/mo

2.9%

Cap Rate (all cash)

-14.8%

Cash-on-Cash Return

4.43%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 2.9% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full Analysis Try House Hack Strategy

Score Breakdown

Overall Investment Score

41/100

Cash Flow(30%)

36/100

Based on 4.43% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

64/100

Based on 1.4% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

6/100

Price-to-income ratio of 11.8x. Lower ratios indicate more affordable markets.

County

Verdict

RocklandNY

$724,554

$2,953

4.89%

Hold

View

QueensNY

$722,489

$3,002

4.99%

Hold

View

WestchesterNY

$824,579

$3,016

4.39%

Hold

View

RichmondNY

$701,776

$2,408

4.12%

Hold

View

KingsNY

$915,205

$3,516

4.61%

Hold

View

CurrentNew YorkNY

$1,182,636

$4,367

4.43%

Avoid

The Bottom Line

AvoidNew York may be challenging for traditional rentals. High prices or low rents make cash flow difficult.

Monthly Cash Flow

$-3,361/mo

Cap Rate

2.9%

Cash-on-Cash

-14.8%