Yonkers

NYNew York City Metro

Real Estate Market Analysis

Q3 2025 Report
$630,000 (June 2025)
Median Home Price
~211,000
Population
~$74,000 (recent census estimates)
Median Income
Yonkers Public Schools rated 'average to above average' (Niche: B)
School District Rating

Market Overview

Property Values

$630,000 (June 2025)
Median Home Price
$314 (June 2025)
Price per Sq Ft
Up 9.4% year-over-year (June 2025)
YoY Change

Market Performance

Days on Market30 days median (June 2025); hot homes pending in 17 days
Market TypeSomewhat competitive; homes receive 6 offers on average
Months of SupplyData not specified, but inventory decreased 12.2% MoM in June 2025

Sales Activity

Sales Volume82 homes sold in June 2025 (up from 81 last year)
Metro AreaNew York City Metro
Population~211,000

Economic Indicators

Employment & Growth

Unemployment RateData not specified for 2025; historically lower than NY state average
Job Growth RateData not specified for 2025; steady growth due to proximity to NYC
Median Household Income~$74,000 (recent census estimates)

Major Employers

  • Montefiore Medical Center
  • Yonkers Public Schools
  • St. John's Riverside Hospital
  • Consumer Products/Manufacturing (e.g., Kawasaki Rail Car)

Demographics

~211,000
Population
39.2 years
Median Age
Stable, slight increase as younger families and professionals move in
Population Growth
~85% high school graduate or higher; ~30% bachelor's degree or higher
Education Level

Family Composition

Mix of families, young professionals, and older adults; increasing diversity

Key Industries

HealthcareEducationManufacturingRetailProfessional Services

Education

School District

Yonkers Public Schools rated 'average to above average' (Niche: B)
District Rating

Top Schools

  • Yonkers Middle High School
  • Saunders Trades and Technical High School
  • Paideia School 24

Higher Education

  • Sarah Lawrence College
  • Manhattan College (nearby)
  • Westchester Community College (Yonkers extension)

Infrastructure & Development

Major Projects

  • Saw Mill River Daylighting Phases
  • Hudson River waterfront redevelopment

Transportation

  • Metro-North Hudson Line upgrades
  • Bee-Line Bus System enhancements

Planned Developments

  • Mixed-use projects along waterfront and downtown
  • Affordable housing initiatives

Lifestyle & Amenities

Recreation

  • Untermyer Park and Gardens
  • Hudson River parks
  • Sprain Ridge Park

Dining & Entertainment

  • Downtown Yonkers restaurants
  • Ridge Hill Shopping Center
  • Empire City Casino

Cultural Attractions

  • Hudson River Museum
  • Philipse Manor Hall
  • Annual Yonkers Riverfest

Investment Analysis

Investment Opportunities

  • Rising rents (projected 3.5% increase in 2025)
  • Strong demand for multifamily and rental properties
  • Waterfront redevelopment potential

Growth Outlook

Positive, with steady appreciation and rental demand

Market Risks

  • Affordability pressures for renters and buyers
  • Potential for higher property taxes
  • Inventory fluctuations

Rental Market

Average rent $2,158/month (2025); strong demand, low vacancy

Marketing Intelligence

Target Demographics

  • Young professionals
  • Commuters to NYC
  • Growing families
  • Investors

Marketing Channels

  • Online real estate platforms (Zillow, Redfin)
  • Social media marketing
  • Local events and open houses

Pricing Strategies

List slightly above recent comps; expect 1-4% over list for hot homes

Common Objections & Response Strategies

Objection: Homes are too expensive for first-time buyers

Response Strategy:

Highlight down payment assistance, FHA/VA loan options, and potential for appreciation

Objection: Property taxes are high

Response Strategy:

Compare total cost of ownership to NYC boroughs; emphasize value and amenities

Objection: Competition from nearby markets (e.g., White Plains, New Rochelle)

Response Strategy:

Emphasize Yonkers' unique amenities, waterfront, and transit access

Professional Recommendations

1

Price listings based on most recent comps and market momentum

2

Stage homes to appeal to young professionals and families

3

Highlight Yonkers' transit, amenities, and redevelopment

4

Educate buyers on financing options and market trends

5

Monitor inventory and adjust strategies seasonally

Competitive Analysis

Comparable Markets

  • White Plains, NY
  • New Rochelle, NY
  • Mount Vernon, NY

Market Positioning

Attractive alternative to NYC for commuters and families seeking value

Competitive Advantages

  • Lower median price than NYC boroughs
  • Waterfront access
  • Strong rental demand

Price Comparison

Median home price lower than NYC, competitive with other Westchester cities

Investment Metrics

Typically 4.5%–5.5% for multifamily (2025)
Cap Rates
~4% gross yield (average)
Rental Yields
~25–27 (based on $630K median price, $2,158/mo rent)
Price-to-Rent
Positive for well-managed multifamily; tight for single-family
Cash Flow
3–5% annual appreciation projected for 2025
Appreciation

Buyer Journey Insights

First-Time Buyers

Face affordability challenges; benefit from loan programs and rising inventory

Move-Up Buyers

Can leverage equity gains; seek larger homes or better locations

Downsizers

Interest in condos/townhomes near transit and amenities

Investors

Attracted by rising rents and strong demand; focus on multifamily

Relocators

Drawn by proximity to NYC, value, and new developments

This city analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.

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