Housing
Housing Affordability for Homeowners

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Housing Affordability for Homeowners

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 2013-17, the housing affordability ratio in the region was 3.6, higher than the statewide (excluding NYC) and national ratios (3.2 and 3.4 respectively). There was only minor variation among the counties of the Mid-Hudson Valley, with Sullivan's ratio at 3.1 as the lowest and Columbia County the highest at 3.7. Homes in the region became notably less affordable from 2000 to 2008-12, with the ratio rising from 2.7 to 4.2. The current lower ratio indicates that housing has become more affordable than it was in 2008-12, 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 Bloomingburg (7.0), Tuxedo Park (7.9) and Kiryas Joel (13.3) while the local municipalities with the most affordable homes were in the villages of Woodbury (2.4) and towns of Coxsackie (2.4), and New Baltimore (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
20002008-122013-17
Region2.74.23.6
Columbia County2.74.03.7
Dutchess County2.84.23.6
Greene County2.53.83.3
Orange County2.74.13.5
Putnam County2.84.03.6
Sullivan County2.43.73.1
Ulster County2.64.03.6
NYS (excluding NYC)2.63.53.2
U.S.2.73.43.4
Columbia Cities
Hudson3.14.65.3
Columbia Towns
Ancram2.54.34.1
Austerlitz3.04.84.1
Canaan3.13.54.0
Chatham2.83.73.7
Claverack2.43.93.8
Clermont2.84.43.5
Copake2.62.93.7
Gallatin2.94.14.2
Germantown3.04.24.1
Ghent2.53.63.5
Greenport2.53.82.8
Hillsdale3.64.54.3
Kinderhook2.43.72.9
Livingston2.64.83.5*
New Lebanon2.63.73.7
Stockport2.13.23.0
Stuyvesant2.23.32.9
Taghkanic3.04.04.1
Columbia Villages
Chatham2.54.44.2
Kinderhook2.53.93.0
Philmont2.63.84.2*
Valatie2.54.33.1
Dutchess Cities
Beacon2.74.53.7
Poughkeepsie3.75.84.7
Dutchess Towns
Amenia3.13.94.6
Beekman2.83.83.2
Clinton2.54.03.5
Dover2.63.74.6
East Fishkill2.53.73.4
Fishkill2.73.63.4
Hyde Park2.53.62.9
La Grange2.43.42.7
Milan2.85.15.1
North East3.04.44.1
Pawling2.94.13.6
Pine Plains2.74.04.2
Pleasant Valley2.84.03.1
Poughkeepsie2.53.93.3
Red Hook3.14.53.7
Rhinebeck3.35.54.7
Stanford3.44.23.5
Union Vale2.74.03.6
Wappinger2.74.13.5
Washington3.75.54.4
Dutchess Villages
Fishkill3.83.73.5*
Millbrook4.25.54.5
Millerton3.24.04.7
Pawling3.55.54.4
Red Hook3.54.84.8
Rhinebeck4.15.45.6
Tivoli3.06.24.8
Wappingers Falls3.23.93.9
Greene Towns
Ashland2.64.2*5.1
Athens2.23.23.5
Cairo2.53.93.1
Catskill2.63.63.9
Coxsackie2.43.92.4
Durham2.73.6*3.4
Greenville2.63.73.4
Halcott3.42.9*2.5*
Hunter2.95.74.2*
Jewett2.86.04.1
Lexington3.05.14.5*
New Baltimore2.12.82.4
Prattsville2.63.93.8
Windham3.24.34.0
Greene Villages
Athens2.23.23.6
Catskill2.84.05.0
Coxsackie2.53.72.7
Hunter3.36.76.4*
Tannersville3.77.83.1
Orange Cities
Middletown2.64.13.6
Newburgh3.15.44.6
Port Jervis2.84.93.5
Orange Towns
Blooming Grove2.43.52.7
Chester2.43.62.7
Cornwall2.83.93.6
Crawford2.63.53.4
Deerpark2.14.13.3
Goshen2.94.13.3
Greenville2.53.42.9
Hamptonburgh2.63.73.3
Highlands2.63.32.6
Minisink2.63.43.2
Monroe3.34.95.0
Montgomery2.53.63.0
Mount Hope2.43.52.9
New Windsor2.63.73.2
Newburgh2.43.62.9
Tuxedo3.95.24.2
Wallkill2.43.83.8
Warwick2.63.93.4
Wawayanda2.53.63.1
Woodbury2.23.12.5
Orange Villages
Chester2.13.62.9
Cornwall-on-Hudson2.64.03.0
Florida2.63.63.0
Goshen3.14.94.0
Greenwood Lake2.14.22.8
Harriman2.23.82.5**
Highland Falls3.03.92.9
Kiryas Joel10.515.713.3
Maybrook1.93.22.9
Monroe2.42.92.9
Montgomery2.53.22.8
Otisville2.13.62.7
South Blooming Grove3.53.1
Tuxedo Park7.87.5***7.9
Unionville2.63.82.8
Walden2.43.62.8
Warwick3.04.94.4
Washingtonville2.54.02.8
Woodbury3.12.4
Putnam Towns
Carmel3.04.13.7
Kent2.33.73.1
Patterson2.63.73.4
Philipstown3.15.64.4
Putnam Valley2.84.03.3
Southeast3.04.03.6
Putnam Villages
Brewster4.06.34.8
Cold Spring3.76.14.5
Nelsonville3.04.74.2
Sullivan Towns
Bethel2.53.82.7*
Callicoon2.44.0*2.5
Cochecton2.33.52.8
Delaware2.43.4*3.1
Fallsburg2.43.63.8
Forestburgh2.43.6*2.6
Fremont2.93.03.4
Highland2.63.53.9
Liberty2.73.83.2
Lumberland2.64.12.8
Mamakating2.23.62.9
Neversink2.43.72.9
Rockland2.53.13.3
Thompson2.54.63.4
Tusten2.43.63.8
Sullivan Villages
Bloomingburg2.73.4**7.0
Jeffersonville2.43.2*2.6
Liberty2.84.2*3.6*
Monticello3.35.92.7*
Woodridge3.65.0*2.8*
Wurtsboro2.43.62.7
Ulster Cities
Kingston2.74.33.6
Ulster Towns
Denning2.14.12.7
Esopus2.23.22.8
Gardiner2.84.24.4
Hardenburgh2.65.4***5.1
Hurley2.23.43.1
Kingston2.03.82.8
Lloyd2.34.23.5
Marbletown3.03.64.3
Marlborough2.94.33.1
New Paltz3.44.84.2
Olive2.54.43.9
Plattekill2.84.23.2
Rochester2.43.43.6
Rosendale2.13.53.4
Saugerties2.33.73.7
Shandaken2.95.85.5
Shawangunk2.63.43.0
Ulster2.13.73.6
Wawarsing2.43.93.0
Woodstock3.35.54.4
Ulster Villages
Ellenville3.04.12.7
New Paltz5.77.06.9
Saugerties2.64.65.4

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
20002008-122013-17
Region$198,995$293,264$252,045
Columbia County$163,610$238,187$224,600
Dutchess County$221,873$319,647$275,200
Greene County$135,213$191,852$176,100
Orange County$208,190$308,330$260,300
Putnam County$302,354$411,676$357,700
Sullivan County$133,006$191,638$167,900
Ulster County$164,051$253,561$221,600
NYS (excluding NYC)$179,238$232,055$214,390
U.S.$164,492$193,667$193,500
Columbia Cities
Hudson$111,967$191,745$189,400
Columbia Towns
Ancram$168,906$286,657$275,000
Austerlitz$229,230$350,501$288,900
Canaan$233,055$274,059$308,000
Chatham$199,657$291,782$262,900
Claverack$144,482$209,147$202,200
Clermont$190,829$301,924$280,100
Copake$163,462$204,663$253,200
Gallatin$182,737$287,298$297,500
Germantown$187,003$272,991$276,900
Ghent$158,166$213,738$220,300
Greenport$134,919$173,916$158,400
Hillsdale$212,163$318,472$283,900
Kinderhook$184,943$257,297$229,600
Livingston$144,335$252,600$224,300*
New Lebanon$173,467$209,254$202,200
Stockport$128,151$184,699$151,200
Stuyvesant$160,078$212,350$215,500
Taghkanic$203,482$268,080$297,000
Columbia Villages
Chatham$146,542$227,084$214,000
Kinderhook$212,016$300,216$242,000
Philmont$119,765$161,638$168,500*
Valatie$160,667$230,820$206,300
Dutchess Cities
Beacon$176,557$279,184$251,600
Poughkeepsie$160,078$245,126$190,400
Dutchess Towns
Amenia$179,500$239,254$247,500
Beekman$268,220$363,846$305,300
Clinton$248,945$403,775$344,400
Dover$192,594$266,692$248,300
East Fishkill$291,172$392,886$355,700
Fishkill$210,691$315,163$283,400
Hyde Park$184,796$270,322$219,800
La Grange$261,599$359,576$297,100
Milan$222,609$361,497$330,500
North East$188,622$291,461$250,300
Pawling$260,716$380,501$297,300
Pine Plains$174,203$278,757$240,400
Pleasant Valley$227,464$316,444$244,600
Poughkeepsie$205,689$290,073$241,900
Red Hook$211,721$321,462$279,100
Rhinebeck$256,743$398,010$377,400
Stanford$267,925$304,593$299,900
Union Vale$283,080$381,996$336,400
Wappinger$229,083$332,031$278,500
Washington$283,521$382,850$385,400
Dutchess Villages
Fishkill$201,422$244,166$220,500*
Millbrook$255,713$334,166$356,400
Millerton$171,996$251,425$219,500
Pawling$236,586$369,825$273,600
Red Hook$191,270$264,023$266,700
Rhinebeck$250,122$345,910$366,200
Tivoli$181,854$325,305$216,700
Wappingers Falls$183,325$213,738$211,900
Greene Towns
Ashland$132,859$188,863*$238,000
Athens$128,592$199,325$180,100
Cairo$131,976$174,236$170,500
Catskill$128,298$180,428$169,600
Coxsackie$135,213$192,920$161,300
Durham$134,330$182,564*$179,200
Greenville$148,602$201,781$169,000
Halcott$156,400$166,870*$182,100*
Hunter$143,011$233,383$216,200*
Jewett$169,936$251,639$221,100
Lexington$130,505$239,148$208,800*
New Baltimore$146,689$186,514$183,000
Prattsville$117,263$177,759$139,900
Windham$171,849$256,870$217,400
Greene Villages
Athens$116,822$180,428$179,900
Catskill$116,381$179,574$176,600
Coxsackie$133,006$185,339$155,500
Hunter$159,343$241,283$170,800*
Tannersville$154,929$266,906$164,300
Orange Cities
Middletown$151,839$232,101$185,300
Newburgh$137,126$207,546$170,900
Port Jervis$126,385$195,268$160,800
Orange Towns
Blooming Grove$237,175$329,469$268,900
Chester$248,651$346,230$278,300
Cornwall$241,000$347,832$321,100
Crawford$218,342$313,668$273,500
Deerpark$135,802$203,382$171,600
Goshen$252,918$376,444$306,000
Greenville$224,080$297,974$274,400
Hamptonburgh$287,347$382,316$349,800
Highlands$200,539$266,586$230,100
Minisink$214,958$344,629$286,100
Monroe$247,915$371,426$330,600
Montgomery$180,088$268,187$230,500
Mount Hope$200,245$304,059$240,000
New Windsor$197,744$296,479$248,900
Newburgh$210,250$308,650$250,600
Tuxedo$405,787$481,071$437,800
Wallkill$181,265$275,660$247,400
Warwick$232,908$356,053$303,100
Wawayanda$224,227$309,718$276,700
Woodbury$259,392$371,853$305,500
Orange Villages
Chester$170,819$261,354$199,000
Cornwall-on-Hudson$236,586$357,761$310,000
Florida$208,632$297,440$257,800
Goshen$234,968$361,391$287,700
Greenwood Lake$174,350$313,454$260,000
Harriman$195,684$276,621$176,400**
Highland Falls$201,275$286,870$215,100
Kiryas Joel$233,938$390,323$406,100
Maybrook$146,101$201,354$178,200
Monroe$248,945$362,672$313,800
Montgomery$190,829$260,820$234,600
Otisville$154,929$236,265$189,900
South Blooming Grove$323,704$267,200
Tuxedo Park$1,058,459$1,067,625***$1,088,000
Unionville$140,363$232,849$206,100
Walden$151,398$262,208$196,200
Warwick$217,459$329,575$310,700
Washingtonville$226,729$317,832$234,800
Woodbury$374,416$305,300
Putnam Towns
Carmel$336,930$454,381$376,300
Kent$242,472$350,287$285,900
Patterson$257,185$354,771$322,100
Philipstown$330,162$513,527$479,900
Putnam Valley$297,646$410,715$378,100
Southeast$309,710$401,640$344,700
Putnam Villages
Brewster$251,005$338,543$265,600
Cold Spring$287,494$407,725$419,600
Nelsonville$268,072$437,085$417,100
Sullivan Towns
Bethel$134,919$207,973$171,500*
Callicoon$136,537$225,162*$170,600
Cochecton$138,744$203,276$173,400
Delaware$141,687$207,546*$188,900
Fallsburg$119,029$166,870$156,100
Forestburgh$198,921$259,753*$196,800
Fremont$139,333$194,948$190,800
Highland$156,547$190,784$194,100
Liberty$125,061$169,218$130,700
Lumberland$160,520$202,208$198,600
Mamakating$136,537$209,468$184,800
Neversink$160,814$196,870$209,700
Rockland$120,059$168,471$160,700
Thompson$132,859$181,283$141,600
Tusten$136,685$192,279$172,600
Sullivan Villages
Bloomingburg$154,635$183,631**$221,300
Jeffersonville$115,203$149,788*$141,900
Liberty$113,585$156,620*$106,100*
Monticello$109,907$143,809$83,700*
Woodridge$127,268$161,745*$98,700*
Wurtsboro$135,360$180,322$168,200
Ulster Cities
Kingston$127,268$204,130$165,400
Ulster Towns
Denning$126,533$233,169$214,300
Esopus$153,310$242,137$198,500
Gardiner$222,903$376,764$319,600
Hardenburgh$134,919$255,482***$222,900
Hurley$168,906$264,023$235,000
Kingston$128,004$202,742$205,900
Lloyd$180,824$282,173$244,000
Marbletown$205,836$294,130$266,800
Marlborough$211,574$297,226$239,900
New Paltz$200,392$319,540$304,000
Olive$169,936$281,105$248,600
Plattekill$167,729$243,632$198,700
Rochester$154,929$227,404$223,500
Rosendale$136,832$215,340$218,200
Saugerties$145,365$237,333$215,100
Shandaken$133,742$233,169$203,300
Shawangunk$200,981$302,778$249,800
Ulster$136,537$206,158$185,400
Wawarsing$127,121$186,407$138,800
Woodstock$238,058$380,608$325,800
Ulster Villages
Ellenville$121,089$185,553$123,600
New Paltz$182,884$299,468$270,800
Saugerties$133,301$249,504$215,800

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 Decreasing
Single-Parent Families Increasing
Single-Parent Families, by Race/Ethnicity Decreasing
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 Maintaining
Voter Participation Rate Increasing
Total Population Increasing
Population by Age Decreasing
Population by Race/Ethnicity Increasing
Household Types Increasing
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 Increasing
Student Performance on Grade 4 English, by Race/Ethnicity Increasing
Student Performance on Grade 4 Math, by Student Group Increasing
Student Performance on Grade 4 Math, by Race/Ethnicity Increasing
High School Cohort Graduation Rate Increasing
High School Cohort Dropout Rate Decreasing
High School GED Rate Decreasing
Plans of High School Graduates Increasing
Education Levels of Adults Increasing
Education Levels of Adults, by Race/Ethnicity Increasing
Median Household Income Decreasing
Median Household Income, by Race/Ethnicity Decreasing
People Living in Poverty Increasing
People Living in Poverty, by Race/Ethnicity Increasing
Seniors Living in Poverty Decreasing
Children Receiving Subsidized Child Care Maintaining
Veterans Living in Poverty Maintaining
Economically Disadvantaged Students Increasing
Earned Income Tax Credit Participation Maintaining
Living Wage Rate by Household Type Increasing
Income in Relation to Poverty Level Maintaining
People Without Health Insurance Decreasing
Early Prenatal Care, by Mother's Race/Ethnicity Not Applicable
Domestic Violence Increasing
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 Decreasing
Housing Affordability for Homeowners Maintaining
Housing Affordability for Renters Increasing
Violent Crimes Decreasing


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