NYC Rents Up 5.4%: Enough for the Typical Renter to Buy a Home in Yonkers, Philly or Orlando

With a NYC rent-level budget, where could a renter move? Renters paying today's median NYC rent could afford a home priced between $400,000 and $690,000 in many popular markets nationwide. The calculations assume a 20% down payment, a 30-year fixed mortgage rate of 6.35% as of September 2025, and include typical taxes and insurance costs that vary based on local data. For renters hoping to stay close to home, Yonkers, NY, just north of the city in the Hudson Valley, offers a notable opportunity. Across all ...