Roosevelt, New York Real Estate & Housing Market

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Roosevelt Housing Information

Index	Roosevelt	New York	National
Median home price	$285,600	$286,300	$184,700
Median rent asked	$1,681	$1,159	$949
Avg. people per household	3.8	2.6	2.6
Owner occupied households	71.5%	53.6%	63.6%
Renter occupied households	28.5%	46.4%	36.4%

The above shows an overview of the real estate market in Roosevelt, NY. Note how the median home price for Roosevelt, NY runs $285,600, which is equal to the average property price for New York. So you’re going to get real estate in Roosevelt, NY that is on-average more affordable than what you’ll find in the rest of New York. As for rent, the median for Roosevelt, NY runs $1,681, which is comparatively 45% higher than the average rent for New York. For Roosevelt, NY, about 71.5% of the population consist of home owners with about 3.8 people living in each property on average. Whether you’re looking for condos or townhomes that are low-maintenance and affordable or sprawling mansions, Roosevelt, NY offers a wide variety of real estate. To find your perfect home in Roosevelt, NY, filter your choice by price, location, and number of beds and baths using the search area above.

Roosevelt Home Affordability

When deciding where to purchase Roosevelt, NY real estate, home affordability is one of the top deciding factors. One way that you can calculate the affordability of your next home is to use this formula: median home price to median household income ratio. In Roosevelt, NY the median home price is $285,600 and $73,191 is the median household income. As a result, the home price to income ratio in Roosevelt, NY is 3.9x, which is 17% lower than the New York average. In order to determine the home affordability ratio, you would divide the median home price by the median home income. If you find that in Roosevelt, NY the home price to income ratio is lower than average, that means that in general, housing is more affordable. While there more than just one factor in deciding home affordability, you can use the home affordability calculator below as an additional tool when deciding how much you can and should pay for real estate in Roosevelt, NY.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Wyandanch, NY	10,722	$238,000	29%
North Amityville, NY	20,150	$271,800	47%
Hempstead, NY	55,454	$306,900	66%
Copiague, NY	23,327	$308,400	67%
Freeport, NY	43,217	$311,100	68%
Roosevelt, NY	16,675	$285,600	55%

Cities with similar population

City, State	Population	Home Price	National Avg.
Parole, MD	16,679	$409,500	122%
New Milford, NJ	16,682	$394,200	113%
Tifton, GA	16,691	$133,700	28%
Altoona, IA	16,692	$168,100	9%
North Decatur, GA	16,652	$253,900	37%
Roosevelt, NY	16,675	$285,600	55%

Source: The Roosevelt, NY housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).