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Market rents are even higher
from Unlocking Housing Access: Transit Oriented Development and the New York Housing Compact
by Nyhc2020
Rents are out of reach for renters
• Zillow data from January 2023 provides an updated picture of recent markets
• To afford a typical rental, households would need to earn:
• Over $135k per year in Nassau County
• Over $108k per year in Westchester County
• Median income for household that rent is just $60-70k annually
• To pay less than 30% of income on rent, you’d need to make nearly double that amount
Based on most recent ZORI data provided by Zillow. Data for Suffolk County unavailable due to large number of listings for vacation rentals