Rent vs Buy in New York, NY (2025)
Under 15 = buy, 15–20 = neutral, over 20 = rent
Median Rent
$3,200
/month
Median Home Price
$800K
Price-to-Rent Ratio
25x
Breakeven Years
15 yrs
Mortgage Rate
6.65%
Property Tax Rate
1.7%
Rent
Renting in New York is likely smarter
A price-to-rent ratio of 25x means buying requires 15+ years to break even. Renters who invest the difference often build more wealth.
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New York, NY — Rent vs Buy Calculator
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