Housing
Housing Affordability for Homeowners

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Housing Affordability for Homeowners

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What does this measure?

The ratio of the median home value divided by the median household income, adjusted for inflation.

Why is this important?

This ratio provides a rough estimate of the affordability of homes in a community. A ratio less than 2 or 3 is considered affordable.

How is the region performing?

In 2015-19, the housing affordability ratio in the region was 3.5, higher than the statewide (excluding NYC) and on par with the national ratios (3.2 and 3.5 respectively). There was only minor variation among the counties of the Mid-Hudson Valley, with Sullivan's ratio at 3.0 as the lowest and Ulster County the highest at 3.6. Homes in the region became notably less affordable from 2000 to 2010-14, with the ratio rising from 2.7 to 3.9. The current lower ratio indicates that housing has become more affordable than it was in 2010-14, but is still far less affordable than it was in 2000. This trend was borne out for each of the counties, as well as for the state and the nation.

Affordability ratios were particularly high in the villages of Kiryas Joel (16.5) and Hunter (7.5), while the local municipalities with the most affordable homes were in the towns of Stockport (2.3) and Highlands (2.4) and the villages of Ellenville (2.3), Maybrook, Otisville, and Woodbury (all 2.4).

Notes about the data

Multiyear figures are from the Census Bureau's American Community Survey. The bureau combined five years of responses to the survey to provide estimates for smaller geographic areas and increase the precision of its estimates. However, because the information came from a survey, the samples responding to the survey were not always large enough to produce reliable results, especially in small geographic areas. CGR has noted on data tables the estimates with relatively large margins of error. Estimates with three asterisks have the largest margins, plus or minus 50% or more of the estimate. Two asterisks mean plus or minus 35%-50%, and one asterisk means plus or minus 20%-35%. For all estimates, the confidence level is 90%, meaning there is 90% probability the true value (if the whole population were surveyed) would be within the margin of error (or confidence interval). The survey provides data on characteristics of the population that used to be collected only during the decennial census. Regional ratios were calculated by weighting county medians based on share of population. Data for this indicator are expected to be released in the fourth quarter.

Housing Affordability for Homeowners
20002010-142015-19
Region2.73.93.5
Columbia County2.73.83.5
Dutchess County2.83.93.5
Greene County2.53.53.3
Orange County2.73.83.4
Putnam County2.83.83.4
Sullivan County2.43.43.0
Ulster County2.63.93.6
NYS (excluding NYC)2.63.43.2
U.S.2.73.33.5
Columbia Cities
Hudson3.15.05.6
Columbia Towns
Ancram2.54.54.1
Austerlitz3.04.64.1
Canaan3.13.73.2
Chatham2.83.43.5
Claverack2.44.13.5
Clermont2.83.73.5
Copake2.63.43.1
Gallatin2.93.84.4
Germantown3.04.33.6
Ghent2.53.33.1
Greenport2.53.32.9
Hillsdale3.63.83.7*
Kinderhook2.43.03.1
Livingston2.63.7*4.4
New Lebanon2.63.73.0
Stockport2.13.12.3
Stuyvesant2.22.72.6
Taghkanic3.04.33.5
Columbia Villages
Chatham2.54.54.6
Kinderhook2.53.23.0
Philmont2.63.73.0
Valatie2.53.73.3
Dutchess Cities
Beacon2.73.83.9
Poughkeepsie3.75.44.5
Dutchess Towns
Amenia3.14.04.0
Beekman2.83.33.0
Clinton2.54.13.3
Dover2.63.64.0
East Fishkill2.53.53.2
Fishkill2.73.43.3
Hyde Park2.53.12.9
La Grange2.43.02.6
Milan2.84.94.1
North East3.04.84.0
Pawling2.94.03.3
Pine Plains2.73.73.8
Pleasant Valley2.83.53.1
Poughkeepsie2.53.72.9
Red Hook3.14.23.4
Rhinebeck3.35.55.0
Stanford3.44.03.0
Union Vale2.73.93.7
Wappinger2.73.73.5
Washington3.75.43.8
Dutchess Villages
Fishkill3.84.02.7*
Millbrook4.25.84.3
Millerton3.24.63.8
Pawling3.55.43.7
Red Hook3.54.84.2
Rhinebeck4.16.86.0
Tivoli3.05.64.3
Wappingers Falls3.23.44.6
Greene Towns
Ashland2.63.8*4.8
Athens2.23.13.5
Cairo2.53.32.8
Catskill2.63.54.2
Coxsackie2.43.22.7
Durham2.74.12.9*
Greenville2.63.32.7
Halcott3.42.3*2.6**
Hunter2.94.5*4.8*
Jewett2.85.6*4.4
Lexington3.05.24.6
New Baltimore2.12.82.6
Prattsville2.63.0*3.2
Windham3.24.04.0
Greene Villages
Athens2.23.33.5
Catskill2.84.54.6
Coxsackie2.53.03.0
Hunter3.34.9*7.5
Tannersville3.73.9*3.5*
Orange Cities
Middletown2.64.03.3
Newburgh3.15.23.8
Port Jervis2.84.33.1
Orange Towns
Blooming Grove2.43.22.9
Chester2.43.42.8
Cornwall2.83.73.1
Crawford2.63.43.3
Deerpark2.13.83.0
Goshen2.93.83.2
Greenville2.53.22.5
Hamptonburgh2.63.63.1
Highlands2.62.92.4
Minisink2.63.13.6
Monroe3.35.03.0
Montgomery2.53.33.0
Mount Hope2.43.52.7
New Windsor2.63.73.2
Newburgh2.43.32.9
Tuxedo3.94.53.8
Wallkill2.43.43.6
Warwick2.63.83.3
Wawayanda2.53.03.1
Woodbury2.22.82.5
Orange Villages
Chester2.13.32.8
Cornwall-on-Hudson2.63.43.2
Florida2.63.43.0
Goshen3.14.73.7
Greenwood Lake2.14.22.8
Harriman2.23.4*3.1*
Highland Falls3.03.32.7
Kiryas Joel10.513.316.5
Maybrook1.93.22.4
Monroe2.43.12.8
Montgomery2.53.03.1
Otisville2.12.92.4
South Blooming Grove3.43.4
Tuxedo Park7.88.3***7.1*
Unionville2.62.73.0*
Walden2.43.52.9
Warwick3.04.44.6
Washingtonville2.53.62.8
Woodbury2.72.4
Putnam Towns
Carmel3.03.73.6
Kent2.33.32.9
Patterson2.63.53.2
Philipstown3.14.74.6
Putnam Valley2.83.73.3
Southeast3.03.93.4
Putnam Villages
Brewster4.06.15.0
Cold Spring3.75.24.8
Nelsonville3.04.24.4
Sullivan Towns
Bethel2.53.32.8*
Callicoon2.43.33.1
Cochecton2.33.13.4
Delaware2.43.23.2
Fallsburg2.43.23.5*
Forestburgh2.42.9*2.6
Fremont2.93.82.8
Highland2.63.73.4
Liberty2.73.62.7
Lumberland2.62.92.9
Mamakating2.23.42.6
Neversink2.43.23.0
Rockland2.53.23.0
Thompson2.54.43.7
Tusten2.43.73.6
Sullivan Villages
Bloomingburg2.74.57.1**
Jeffersonville2.42.5*3.6
Liberty2.84.32.9
Monticello3.35.9*3.4**
Woodridge3.63.5*3.2**
Wurtsboro2.43.02.7
Ulster Cities
Kingston2.74.33.5
Ulster Towns
Denning2.13.22.8
Esopus2.23.23.1
Gardiner2.84.14.2
Hardenburgh2.66.4**2.9
Hurley2.23.92.9
Kingston2.03.62.9
Lloyd2.33.73.2
Marbletown3.04.23.7
Marlborough2.94.02.9
New Paltz3.44.44.1
Olive2.54.23.5
Plattekill2.83.53.3
Rochester2.43.04.3
Rosendale2.13.53.1
Saugerties2.33.53.8
Shandaken2.94.04.7
Shawangunk2.63.13.0
Ulster2.13.93.2
Wawarsing2.43.52.8
Woodstock3.35.14.9
Ulster Villages
Ellenville3.03.62.3
New Paltz5.77.15.9
Saugerties2.64.45.9

Source: U.S. Census Bureau
Notes: Ratio of median home value to median household income. Multiyear results are from rolling American Community Survey. * Margin of error between 20% & 35% of estimate; ** margin of error between 35% & 50%; *** margin of error greater than 50%.




Median Home Value
20002010-142015-19
Region$207,550$279,664$259,579
Columbia County$170,643$240,607$233,600
Dutchess County$231,411$304,647$282,000
Greene County$141,026$188,123$176,300
Orange County$217,140$289,960$271,200
Putnam County$315,351$391,365$358,500
Sullivan County$138,724$182,291$172,800
Ulster County$171,103$244,711$230,500
NYS (excluding NYC)$186,943$229,463$227,641
U.S.$171,563$189,743$217,500
Columbia Cities
Hudson$116,780$189,635$220,800
Columbia Towns
Ancram$176,167$303,027$276,200
Austerlitz$239,084$347,844$285,100
Canaan$243,074$294,819$280,700
Chatham$208,239$279,484$266,200
Claverack$150,693$224,732$205,200
Clermont$199,032$266,633$310,000
Copake$170,489$239,527$258,600
Gallatin$190,592$283,480$311,400
Germantown$195,042$266,957$281,000
Ghent$164,965$244,711$212,200
Greenport$140,719$164,688$161,400
Hillsdale$221,283$299,139$327,000*
Kinderhook$192,894$256,374$238,000
Livingston$150,540$251,298*$250,800
New Lebanon$180,924$215,445$205,700
Stockport$133,660$180,347$153,400
Stuyvesant$166,960$210,909$199,800
Taghkanic$212,229$275,489$319,900
Columbia Villages
Chatham$152,842$235,856$226,200
Kinderhook$221,129$288,124$249,100
Philmont$124,913$164,472$149,000
Valatie$167,573$226,244$203,900
Dutchess Cities
Beacon$184,147$260,046$278,700
Poughkeepsie$166,960$228,296$196,800
Dutchess Towns
Amenia$187,216$247,411$215,200
Beekman$279,750$349,788$299,400
Clinton$259,647$376,786$352,600
Dover$200,873$262,746$253,200
East Fishkill$303,689$377,542$358,700
Fishkill$219,748$304,755$296,100
Hyde Park$192,740$254,862$220,600
La Grange$272,844$325,057$302,700
Milan$232,178$353,027$331,100
North East$196,730$310,046$265,600
Pawling$271,923$352,055$301,400
Pine Plains$181,691$265,985$229,900
Pleasant Valley$237,242$284,668$266,300
Poughkeepsie$214,531$270,845$248,200
Red Hook$220,823$312,422$292,100
Rhinebeck$267,780$390,609$390,700
Stanford$279,443$301,191$308,000
Union Vale$295,249$353,243$353,400
Wappinger$238,930$313,502$285,500
Washington$295,709$442,661$371,800
Dutchess Villages
Fishkill$210,081$231,212$214,100*
Millbrook$266,706$368,578$331,900
Millerton$179,390$246,007$242,500
Pawling$246,757$337,476$276,100
Red Hook$199,492$267,065$279,300
Rhinebeck$260,874$346,440$386,200
Tivoli$189,671$271,493$226,400
Wappingers Falls$191,206$199,246$228,200
Greene Towns
Ashland$138,570$192,119*$223,900
Athens$134,120$194,602$193,500
Cairo$137,650$173,436$158,700
Catskill$133,813$180,671$173,100
Coxsackie$141,026$195,034$164,000
Durham$140,105$185,423$159,200*
Greenville$154,990$178,404$180,200
Halcott$163,123$134,991*$141,100**
Hunter$149,159$218,253*$244,800*
Jewett$177,241$225,704*$259,800
Lexington$136,115$237,367$208,700
New Baltimore$152,995$205,618$186,900
Prattsville$122,304$133,911*$162,500
Windham$179,236$244,927$222,500
Greene Villages
Athens$121,844$172,464$191,600
Catskill$121,383$192,551$162,400
Coxsackie$138,724$178,943$162,500
Hunter$166,192$191,039*$190,700
Tannersville$161,589$179,051*$189,700*
Orange Cities
Middletown$158,366$216,093$182,000
Newburgh$143,021$185,963$159,000
Port Jervis$131,818$180,023$145,000
Orange Towns
Blooming Grove$247,370$298,383$286,500
Chester$259,340$320,306$301,800
Cornwall$251,360$343,200$328,200
Crawford$227,728$301,623$279,200
Deerpark$141,640$190,499$169,500
Goshen$263,790$352,919$336,400
Greenville$233,713$301,947$280,800
Hamptonburgh$299,699$379,809$349,400
Highlands$209,160$252,594$239,300
Minisink$224,199$302,163$320,700
Monroe$258,573$353,891$328,000
Montgomery$187,830$255,834$245,800
Mount Hope$208,853$278,944$241,500
New Windsor$206,244$274,193$261,600
Newburgh$219,288$284,128$262,500
Tuxedo$423,230$459,616$473,400
Wallkill$189,057$262,098$250,400
Warwick$242,920$335,101$325,000
Wawayanda$233,866$306,159$283,900
Woodbury$270,542$363,179$317,200
Orange Villages
Chester$178,162$219,117$206,600
Cornwall-on-Hudson$246,757$342,336$316,900
Florida$217,600$294,927$273,800
Goshen$245,069$352,379$305,600
Greenwood Lake$181,845$341,796$226,600
Harriman$204,096$237,583*$232,200*
Highland Falls$209,927$248,059$231,700
Kiryas Joel$243,994$371,062$517,400
Maybrook$152,381$192,659$181,700
Monroe$259,647$331,429$324,800
Montgomery$199,032$257,346$247,800
Otisville$161,589$226,784$184,500
South Blooming Grove$299,031$285,700
Tuxedo Park$1,103,959$1,079,926***$1,113,100*
Unionville$146,397$194,710$221,700*
Walden$157,906$242,767$212,100
Warwick$226,807$308,858$340,500
Washingtonville$236,475$284,668$256,300
Woodbury$365,554$319,500
Putnam Towns
Carmel$351,413$421,818$379,300
Kent$252,895$313,286$289,900
Patterson$268,240$335,965$332,100
Philipstown$344,354$497,953$516,900
Putnam Valley$310,441$407,995$350,200
Southeast$323,024$375,166$351,200
Putnam Villages
Brewster$261,795$295,251$274,000
Cold Spring$299,852$397,520$474,700
Nelsonville$279,596$421,171$493,100
Sullivan Towns
Bethel$140,719$213,393$180,100*
Callicoon$142,407$217,497$192,300
Cochecton$144,709$186,935$199,400
Delaware$147,778$214,473$180,700
Fallsburg$124,146$161,557$140,200*
Forestburgh$207,472$226,244*$237,000
Fremont$145,322$208,101$171,600
Highland$163,277$196,006$206,300
Liberty$130,437$153,025$118,200
Lumberland$167,420$189,311$222,400
Mamakating$142,407$199,786$201,900
Neversink$167,727$183,263$219,900
Rockland$125,220$160,693$162,100
Thompson$138,570$172,356$166,700
Tusten$142,560$189,311$172,900
Sullivan Villages
Bloomingburg$161,282$228,728$222,700**
Jeffersonville$120,156$120,304*$184,400
Liberty$118,468$129,159$89,700
Monticello$114,631$138,338*$106,900**
Woodridge$132,739$122,463*$118,800**
Wurtsboro$141,179$175,164$165,600
Ulster Cities
Kingston$132,739$192,227$177,500
Ulster Towns
Denning$131,972$241,687$201,800
Esopus$159,901$234,236$223,500
Gardiner$232,485$361,667$325,100
Hardenburgh$140,719$261,018**$193,300
Hurley$176,167$270,413$231,700
Kingston$133,506$203,674$202,800
Lloyd$188,597$259,614$248,000
Marbletown$214,684$293,631$275,600
Marlborough$220,669$278,189$245,800
New Paltz$209,007$314,690$314,900
Olive$177,241$266,849$242,500
Plattekill$174,939$229,700$209,100
Rochester$161,589$218,685$248,100
Rosendale$142,714$214,689$226,400
Saugerties$151,614$227,324$222,500
Shandaken$139,491$227,000$214,100
Shawangunk$209,620$293,739$236,400
Ulster$142,407$201,298$190,000
Wawarsing$132,586$179,699$138,100
Woodstock$248,291$359,507$354,700
Ulster Villages
Ellenville$126,294$173,004$110,000
New Paltz$190,745$298,275$274,800
Saugerties$139,031$230,240$233,300

Source: U.S. Census Bureau
Notes: Figures in 2017 dollars. Multiyear results are from rolling American Community Survey.




INDICATORS TREND | STATE
Children Living in Poverty Increasing
Children Living in Poverty, by Race/Ethnicity Not Applicable
Single-Parent Families Increasing
Single-Parent Families, by Race/Ethnicity Not Applicable
Rate of Child Abuse and Neglect Increasing
Rate of Foster Care Admissions Maintaining
Teen Pregnancy Decreasing
Live Births to Teen Mothers Decreasing
Juvenile Delinquency Intakes Decreasing
Bullying at School Decreasing
Average Charitable Giving Increasing
Voter Registration Rate Increasing
Voter Participation Rate Decreasing
Total Population Increasing
Population by Age Not Applicable
Population by Race/Ethnicity Not Applicable
Household Types Not Applicable
Change in Total Jobs Increasing
Foreign-Born Population Increasing
Employment by Sector Not Applicable
Spending for County Government Increasing
Tourism Revenue Increasing
Preschoolers Receiving Special Education Services Increasing
Prekindergarten Participation Increasing
Students Receiving Special Education Services Increasing
Per-Student Spending Increasing
Student Performance on Grade 4 English, by Student Group Not Applicable
Student Performance on Grade 4 English, by Race/Ethnicity Not Applicable
Student Performance on Grade 4 Math, by Student Group Not Applicable
Student Performance on Grade 4 Math, by Race/Ethnicity Not Applicable
High School Cohort Graduation Rate Increasing
High School Cohort Dropout Rate Decreasing
High School GED Rate Maintaining
Plans of High School Graduates Not Applicable
Education Levels of Adults Not Applicable
Education Levels of Adults, by Race/Ethnicity Not Applicable
Median Household Income Decreasing
Median Household Income, by Race/Ethnicity Not Applicable
People Living in Poverty Increasing
People Living in Poverty, by Race/Ethnicity Not Applicable
Seniors Living in Poverty Maintaining
Children Receiving Subsidized Child Care Maintaining
Veterans Living in Poverty Decreasing
Economically Disadvantaged Students Increasing
Earned Income Tax Credit Participation Decreasing
Living Wage Rate by Household Type Not Applicable
Income in Relation to Poverty Level Not Applicable
People Without Health Insurance Decreasing
Early Prenatal Care, by Mother's Race/Ethnicity Not Applicable
Domestic Violence Decreasing
Deaths from Drug Overdoses Increasing
Babies with Low Birth Weights Maintaining
People Living wth HIV Decreasing
Mental Health Clinic Visits Decreasing
Homeownership Rates Maintaining
Homeless Persons Maintaining
Housing Affordability for Homeowners Maintaining
Housing Affordability for Renters Not Applicable
Violent Crimes Decreasing


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