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Foreclosure Homes in New York, NY

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5 View this home at W 42nd St New York NY 10036
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$1,968,300 EMV
W 42nd St
New York, NY 10036
Single-Family
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1 |
1
EST. RENT: $3,290
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AUCTION: 03-19-2024
Single-Family
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1 |
1
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New York, NY Foreclosures

How much do homes sell for in New York, NY?
The average home price is currently $1,451,322.
In New York, NY, how many homes are available?
There are currently 294,479 active home listings available in New York.
What’s the average rental cost in New York, NY?
The average rental price in New York is $4,323.
What is the most expensive home in New York, New York?
The most expensive home sold in New York had a price of $89,028,900.
What is currently the cheapest priced home in New York, NY?
The cheapest home for sale in New York is priced at $19,400.

Home Value Estimator For New York, NY

There are currently 294,479 real estate properties in New York, NY, with a median automated valuation model (AVM) price of $945,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in New York, NY, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in New York, NY, is $1,451,322.00, with the most expensive house in New York, NY, topping out at $89,028,900.00 and the cheapest home in New York, NY, clocking in at $19,400.00. In other words, there’s something for every potential homebuyer or savvy investor in New York, NY!


Rent Prices In New York, NY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in New York, NY, is on a rollercoaster ride. The average rent price in New York, NY, is $4,323.00. Indeed, when looking to rent in New York, NY, you can expect to pay as little as $950.00 or as much as $8,440.00, with the average rent median estimated to be $4,220.00. The good news is that finding an affordable and desirable property to rent in New York, 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.


Top Reasons To Live In New York, NY In 2024

New York is located in New York, New York, with an estimated municipal population of 8,336,817 residents. All of the best foreclosed homes for sale in New York are located in the following zip code areas on Foreclosure.com: 11229 11226 11225 11224 11222 11221 11220 11385 10169 10168 10167 10165 10162 10282 10280 10040 10044 11109 11104 11105 11379 11378 11377 11697 11694 11692 11693 11691 10271 10279 10278 10075 10302 10301 10452 11451 10475 10474 10471 10470 10473 10472 11228 11223 10103 11368 11369 11366 11367 11364 11365 11362 11363 11360 11361 10028 10029 10026 10027 10024 10025 10022 10023 10020 10021 11212 11213 11210 11211 11216 11217 11214 11215 11218 11219 10152 10153 10154 10307 10306 10305 11429 10310 10311 10312 10314 11432 11433 11430 11436 11434 11435 10453 10451 10457 10456 10455 10454 10459 10458 10128 10004 10005 10006 10007 10001 10002 10003 10009 11238 11239 11230 11231 11232 11233 11234 11235 11236 11237 11375 11374 11371 11370 11373 11372 10170 10171 10172 10173 10174 10177 11351 10039 10038 10035 10034 10037 10036 10031 10030 10033 10032 11201 11208 11203 11205 11204 11207 11206 11209 11411 11412 11413 11414 11415 11416 11417 11418 11419 11101 11102 11103 11106 11001 11005 11004 10065 10069 10199 10309 10308 10304 10303 11428 11421 11420 11423 11422 11425 11424 11427 11426 10466 10467 10464 10465 10462 10463 10460 10461 10468 10469 10119 10115 10112 10110 10111 11359 11358 11357 11356 11355 11354 10019 10018 10013 10012 10011 10010 10017 10016 10014 10008 10041 10043 10055 10060 10080 10081 10087 10090 10101 10102 10104 10105 10106 10107 10108 10109 10113 10114 10116 10117 10118 10120 10121 10122 10123 10124 10125 10126 10129 10130 10131 10132 10133 10138 10150 10151 10155 10156 10157 10158 10159 10160 10163 10164 10166 10175 10176 10178 10179 10185 10203 10211 10212 10213 10242 10249 10256 10258 10259 10260 10261 10265 10268 10269 10270 10272 10273 10274 10275 10276 10277 10281 10285 10286 10313 11120 11202 11241 11242 11243 11245 11247 11249 11251 11252 11256 11352 11380 11381 11386 11405 11431 11437 11439 11499 11690 11695. The estimated population per square kilometer (.62 miles) in New York is 10,715.


Cost Of Living In New York, NY

So, about how much do homes cost in New York? The most recent median value of resident-owned homes in New York is 605,702. An estimated 32.7 percent of households in New York own their homes, with an average family size of 3.37. The median household income in New York is 63,998, with33.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in New York, the median commute time of resident workers (in minutes) is 41.5. And last, but certainly not least, are you looking for homes to rent in New York? If so, the average rent price paid by renters in New York is 1,443, according to recent statistics.


Diversity And Demographics In New York, New York

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to New York, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in New York is 36.7, split between 47.7 percent male versus 52.3 female. The percentage of residents who report being married in New York is 40.4, with an average family size of 3.37.

The percentage of residents who report their race in New York is as follows:

White 42.7%
Black / African American 24.3%
Asian 14.1%
American Indian / Alaskan Native 0.4%
Native Hawaiian / Other Pacifc Islander 0.1%
Multi-racial 3.6%
Other 14.7%

Looking for family-friendly neighborhoods in and/or near New York? Or maybe you are searching for 55+ active adult communities in and/or near New York?

The percentage of residents who report their age in New York is as follows:

Under 10 12.1%
Aged 10-19 10.9%
20s 15.8%
30s 15.8%
40s 12.8%
50s 12.5%
60s 10.4%
70s 6.1%
80+ 3.8%

Best Schools In New York, New York

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in New York with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in New York.


Pros And Cons Of Living In New York, New York

How do you know that living in -- or moving to -- New York is right where you need to be? Perhaps you grew up in New York or already live nearby; therefore, the decision to buy a home in New York is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to New York for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in New York:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like New York.


Reasons To Move To New York, New York, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in New York can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in New York, meanwhile, can field multiple offers from more qualified buyers.

New York, NY Foreclosures


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