Yonkers, New York Housing Market

What stands out in Yonkers?

• Asking prices swing about 38.6% between the cheapest and priciest months: among the biggest seasonal price swings of 763 tracked cities. Timing your purchase within the year matters here.
• 57% of occupied homes are rented: among the highest renter shares of 763 tracked cities. The tenant pool is deep.
• 12% of sellers have cut their price: among the lowest share of price cuts of 763 tracked cities. Sellers are holding firm on price.

How deep is Yonkers's renter pool?

57% of occupied homes in Yonkers's ZIP codes are rented, more than in 96% of the cities we track. HUD's county-wide fair market rent for 2 bedrooms is $2,910 a month, including utilities. A deep renter pool shortens vacancy. It also means you compete with other landlords on condition and price.

Who will rent from you in Yonkers?

Most Yonkers households rent. 57 out of every 100 households are renters. That share has held steady for five years. Yonkers added about 3,000 renter households in five years. Renter households here average 2.6 people. Families rent here. Buy bedrooms. Studios will sit.

Households grew 9% in five years. The housing stock grew 4%. Demand is outrunning supply. Just 3.9% of homes sit empty. A well-priced rental fills fast here.

The median Yonkers household earns $81,278 a year. Incomes here have grown 5.7% a year since 2019. Incomes are rising faster than home prices. Affordability is improving. A typical home costs 5.1 times the median income. That is the national middle. Neither cash flow nor appreciation is free here. At 30% of income, a tenant on the median income can pay about $2,032 a month.

To see what one Yonkers address would rent for and cash flow, run it through the app.

What is the fair market rent in Yonkers?

HUD sets one fair market rent for Westchester County. For fiscal year 2026:

• 1 bedroom: $2,655 a month. Up 6% on last year, up 113% since FY2016.
• 2 bedrooms: $2,910 a month. Up 5% on last year, up 93% since FY2016.
• 3 bedrooms: $3,644 a month. Up 5% on last year, up 88% since FY2016.
• 4 bedrooms: $3,959 a month. Up 6% on last year, up 78% since FY2016.

The figures include tenant-paid utilities and apply to all of Westchester County, so one home's rent can sit well above or below them. See fair market rent by city.

When do Yonkers prices dip?

Across 9 full years, Yonkers asking prices ran lowest in February, about 21.2% below the year's average. They peaked in July. The most homes for sale show up in September, about 12% above the yearly average. Shop in September for choice, and expect the softest asking prices in February.

How much can you negotiate in Yonkers?

Pending-sale counts for Yonkers were thinly reported until recently, so this page reads demand from how long listings stay on the market, how many sellers cut, and how much is for sale. Few sellers are dropping their price. Your discount will come from one stale listing.

Yonkers listings spend a median 67 days on the market. That is 26% longer than a year ago. There are 266 homes for sale in Yonkers. That is 1.8 times the tightest month on record, but below the peak of 494. Supply is growing against last year.

What to do about it

• Judge each listing on its own.
• Homes listed 90+ days ago with a price cut are where your discount is.
• Fresh, well-priced homes will not move on price. Do not waste offers on them.

What numbers should you underwrite a Yonkers deal with?

• Price growth to assume — +3.9%/yr. Yonkers has grown about 3.9% a year for five years and for ten. That pace held before and after the 2020–2021 boom, so it is a fair long-run input. Prices fell 2.3% over the last year. Use it for timing. The five-year rate is the better guide.
• Months of carrying cost — 3. Budget at least 67 days of holding costs, the current median time on market, when you exit or refinance. That is 26% longer than a year ago.
• Odds you cut your price to sell — 1 in 8. 12% of Yonkers listings have cut their asking price. Underwrite your exit below asking.
• Competition when you exit — +16%. Homes for sale in Yonkers are up 16% on last year, so your resale faces more competition than today's comps did.

Read whether a market fits Section 8 tenants and how we read these numbers, then run the numbers on a deal.

What is the median home price in Yonkers?

The median asking price in Yonkers is about $418,000 as of Oct 2026, down 14.6% from a year ago. The typical listing is 3% smaller than a year ago, and asking price per square foot is down 2.3%. So the size of homes on the market explains much of the drop. This is the asking price on homes listed for sale. Sites that report sold prices or estimated home values will show a different number. Our Yonkers figures cover the 6 ZIP codes with a Yonkers mailing address, which can reach past city limits.

Is Yonkers a buyer's or seller's market in 2026?

Neither side has the upper hand in Yonkers right now. We compare Yonkers with 2017–2019 at this time of year: listings spend 31% more days on the market; there are 18% fewer homes for sale; 12% of sellers have cut their price, against 11% then.

Are Yonkers home prices going up or down?

The median asking price is 21.2% below its Aug 2025 peak. Per square foot the gap is smaller: 9.3% below the Aug 2025 high. Part of the drop is smaller homes coming to market. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower.

What is the fair market rent in Yonkers?

HUD's fiscal year 2026 fair market rent for Westchester County is $2,910 a month for 2 bedrooms and $3,644 for 3 bedrooms. The figures include tenant-paid utilities and cover the whole county.