Yonkers real estate sits at the gateway between New York City and Westchester County, offering median home prices near $480,000 — significantly below the Westchester County average of $750,000 or more, while providing direct Métro-North Hudson Line and Harlem Line access to Grand Central Terminal in 25 to 35 minutes. Westchester County property taxes are among the highest in the nation, averaging $14,000 to $20,000 per year for mid-range Yonkers homes — a critical carrying cost that buyers must factor into their monthly budgets.
Yonkers neighborhoods and real estate segments
Northwest Yonkers — including the Park Hill and Ludlow neighborhoods along the Hudson River — offers the city's most coveted residential streets, with Riverdale-style pre-war coopératives and single-family homes with Manhattan views. South Yonkers near the Bronx border provides the most affordable entry points in Westchester County, with two-family homes and small multifamilies often trading in the $350,000 to $500,000 range. Northeast Yonkers near Bronxville borders holds more suburban single-family inventory with slightly higher price points and access to Yonkers' better-regarded elementary school zones.
The rental market in Yonkers is active, supported by its large population of NYC workers who rent rather than buy. Two-bedroom apartments rent for $2,200 to $3,200 per month across most neighborhoods. The city's récent downtown waterfront revitalization at the Yonkers waterfront esplanade and Empire City Casino has added commercial density that supports continued housing demand. Buyers who prioritize Métro-North commuting to Manhattan will find Yonkers the lowest-cost entry point into Westchester's transit-access premium.
