Mortgage payment estimates, closing cost breakdowns, and homebuying data for Yonkers, New York.
Median Home Price
$525K
Population
212K
Avg Monthly Rent
$2,050
Property Tax Rate
1.72% *
* Property tax shown is the New York state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Yonkers.
Yonkers vs New York Median
The median home price in Yonkers is $525,000, which is 22% above the New York state median of $430,000.
Mortgage Calculator — Yonkers, NY
Pre-filled with Yonkers median home price and New York tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $525K home using New York's 1.72% tax rate and $2,100/yr insurance.
5% Down
$4,371/mo
Down: $26,250
Loan: $499K
P&I: $3,152
Tax: $753
Insurance: $175
PMI: $291
10% Down
$4,190/mo
Down: $52,500
Loan: $473K
P&I: $2,987
Tax: $753
Insurance: $175
PMI: $276
20% Down (No PMI)
$3,582/mo
Down: $105,000
Loan: $420K
P&I: $2,655
Tax: $753
Insurance: $175
Income needed (28% rule): $154K/year with 20% down, $180K/year with 10% down.
Rent vs Buy in Yonkers
Rent
$2,050/mo
vs
Buy (10% down)
$4,190/mo
Price-to-rent ratio: 21.3 — At a ratio above 20, renting may be more economical in Yonkers for shorter stays. Buying costs $2,140 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Yonkers is $525,000, 22% above the New York state median of $430,000. With a population of 211,569, Yonkers is a mid-size city where home prices reflect strong demand and local economic factors.
Property taxes in New York average 1.72% annually. This higher-than-average tax rate means a $525,000 home in Yonkers would carry roughly $753/month in property taxes alone — plan accordingly. Homeowners insurance in New York runs approximately $2,100 per year. This is within the normal range nationally.
Average rent in Yonkers is $2,050/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Yonkers is a higher-cost market. At $525K median, buyers need significant savings or strong income. Down payment assistance through New York's SONYMA Achieving the Dream program becomes especially important.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Yonkers.