Mortgage payment estimates, closing cost breakdowns, and homebuying data for Yonkers, New York.
Pre-filled with Yonkers median home price and New York tax/insurance rates. Adjust for your property.
Estimated closing costs based on New York rates and fees applied to Yonkers prices.
The median home price in Yonkers is $525,000, 22% above the New York state median of $430,000. With a population of 211,569, Yonkers is a mid-size city where home prices reflect strong demand and local economic factors.
Property taxes in New York average 1.72% annually. This higher-than-average tax rate means a $525,000 home in Yonkers would carry roughly $753/month in property taxes alone — plan accordingly. Homeowners insurance in New York runs approximately $2,100 per year. This is within the normal range nationally.
Average rent in Yonkers is $2,050/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Yonkers is a higher-cost market. At $525K median, buyers need significant savings or strong income. Down payment assistance through New York's SONYMA Achieving the Dream program becomes especially important.