Housing Comparison
California
New York
How California and New York compare on housing: median housing value, median gross rent, median monthly owner costs with mortgage, and more.
Overview
Key differences
Median Housing Value
New York has lower median home values than California by $326,500.
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Median Gross Rent
New York has lower median rent than California by $278.
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Median Monthly Owner Costs With Mortgage
New York has lower owner costs with a mortgage than California by $457.
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Owner Costs Without Mortgage
California has lower owner costs without a mortgage than New York by $98.
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Homeownership Rate
California has a higher homeownership rate than New York.
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Home Value to Income Ratio
New York has a lower home value to income ratio than California.
View detailed comparisonFull Housing Breakdown
| Metric |
CA
|
NY
|
|---|---|---|
|
Median Housing Value
|
$693,700
|
$367,200
|
|
Median Gross Rent
|
$1,856/mo
|
$1,578/mo
|
|
Median Monthly Owner Costs With Mortgage
|
$3,001/mo
|
$2,544/mo
|
|
Owner Costs Without Mortgage
|
$882/mo
|
$980/mo
|
|
Homeownership Rate
|
55.8%
|
53.6%
|
|
Home Value to Income Ratio
|
8.25x
|
4.67x
|
|
Rent to Income Ratio
|
26.5%
|
24.1%
|
|
Owner Costs to Income
|
21.0%
|
18.9%
|
|
Home Insurance Cost
|
$1,348/yr
|
$1,556/yr
|