New York-Newark-Jersey City, NY-NJ
N/A transactions last 30d
5.95%
gross yield
$4,200
Median rent
$894,771
Avg home value
N/A
30d transactions
Market data updated Jul 1, 2026
New York Average Rent & Rental Yield
Screen New York rental return signals with average asking rent (median), gross rental yield, home value, and transaction activity. Use this page as a market-level starting point before underwriting individual properties, operators, or borrower prospects.
7.52%
Gross Rental Yield
$2,950
Median Rent
$604,675
Avg Home Value
15.0K
Transactions (30d)
Average rent in New York
The median asking rent in New York is $2,950 as of July 2026, based on active rental listings statewide. We report the median — the midpoint of asking rents — because it tracks the typical listing more reliably than a simple average, which luxury and outlier listings can skew.
Against an average home value of $604,675, that rent level prices New York at a 7.52% gross rental yield. Rent and yield vary widely by metro — use the metro breakdown below to compare individual New York markets.
Rental yield snapshot for New York
Gross rental yield is a first-pass market screen. It does not include taxes, insurance, repairs, vacancies, financing, or property-level operating differences. Pair it with observed transaction activity before choosing where to prospect.
$450,000
Median Sale Price
52.0K
Active Listings
42
Avg Days on Market
4.2
Months of Supply
16.80%
Price Reduced
Jul 1, 2026
Market Data Date
Metro market heatmap
Featured metros combine the largest New York markets by transaction activity with the highest gross-yield markets, so both demand centers and return outliers stay visible in one screen.
New York metro market heatmap
Each metro tile shows rent, value, transaction context, and a direct path into the Rental Insights workflow.
Under 5.5%5.5% to <6.5%6.5% to <7.5%7.5%+
Buffalo-Cheektowaga, NY
N/A transactions last 30d
9.68%
gross yield
$1,868
Median rent
$264,522
Avg home value
N/A
30d transactions
Rochester, NY
N/A transactions last 30d
11.65%
gross yield
$2,200
Median rent
$257,691
Avg home value
N/A
30d transactions
Albany-Schenectady-Troy, NY
N/A transactions last 30d
8.65%
gross yield
$2,400
Median rent
$391,838
Avg home value
N/A
30d transactions
Syracuse, NY
N/A transactions last 30d
11.88%
gross yield
$2,200
Median rent
$224,563
Avg home value
N/A
30d transactions
Kiryas Joel-Poughkeepsie-Newburgh, NY
N/A transactions last 30d
8.41%
gross yield
$3,100
Median rent
$450,477
Avg home value
N/A
30d transactions
Massena-Ogdensburg, NY
N/A transactions last 30d
14.19%
gross yield
$1,800
Median rent
$602,346
Avg home value
N/A
30d transactions
Corning, NY
N/A transactions last 30d
14.19%
gross yield
$1,650
Median rent
$129,540
Avg home value
N/A
30d transactions
Olean, NY
N/A transactions last 30d
15.00%
gross yield
$1,400
Median rent
$121,845
Avg home value
N/A
30d transactions
Elmira, NY
N/A transactions last 30d
14.20%
gross yield
$1,625
Median rent
$156,990
Avg home value
N/A
30d transactions
Batavia, NY
N/A transactions last 30d
13.39%
gross yield
$1,500
Median rent
$151,629
Avg home value
N/A
30d transactions
Cortland, NY
N/A transactions last 30d
12.31%
gross yield
$2,000
Median rent
$602,625
Avg home value
N/A
30d transactions
Metro
Gross Yield
Median Rent
Avg Home Value
30d Transactions
New York-Newark-Jersey City, NY-NJ
NY
5.95%
$4,200
$894,771
N/A
Buffalo-Cheektowaga, NY
NY
9.68%
$1,868
$264,522
N/A
Rochester, NY
NY
11.65%
$2,200
$257,691
N/A
Albany-Schenectady-Troy, NY
NY
8.65%
$2,400
$391,838
N/A
Syracuse, NY
NY
11.88%
$2,200
$224,563
N/A
Kiryas Joel-Poughkeepsie-Newburgh, NY
NY
8.41%
$3,100
$450,477
N/A
Massena-Ogdensburg, NY
NY
14.19%
$1,800
$602,346
N/A
Corning, NY
NY
14.19%
$1,650
$129,540
N/A
Olean, NY
NY
15.00%
$1,400
$121,845
N/A
Elmira, NY
NY
14.20%
$1,625
$156,990
N/A
Batavia, NY
NY
13.39%
$1,500
$151,629
N/A
Cortland, NY
NY
12.31%
$2,000
$602,625
N/A
All New York rental markets
Average rent and rental yield reports for every covered New York metro (24 markets).
- Albany-Schenectady-Troy, NY8.65% yield
- Auburn, NY9.94% yield
- Batavia, NY13.39% yield
- Binghamton, NY12.01% yield
- Buffalo-Cheektowaga, NY9.68% yield
- Corning, NY14.19% yield
- Cortland, NY12.31% yield
- Elmira, NY14.20% yield
- Glens Falls, NY9.82% yield
- Gloversville, NY11.02% yield
- Hudson, NY7.47% yield
- Ithaca, NY8.03% yield
- Jamestown-Dunkirk, NY11.32% yield
- Kingston, NY8.48% yield
- Kiryas Joel-Poughkeepsie-Newburgh, NY8.41% yield
- Massena-Ogdensburg, NY14.19% yield
- Monticello, NY9.49% yield
- New York-Newark-Jersey City, NY-NJ5.95% yield
- Olean, NY15.00% yield
- Oneonta, NY10.98% yield
- Rochester, NY11.65% yield
- Syracuse, NY11.88% yield
- Utica-Rome, NY11.85% yield
- Watertown-Fort Drum, NY9.52% yield
Turn New York rental signals into a target list
Use yield context to prioritize a market, then move into rental listings, active investors, borrower prospects, or a custom data pull for your team.