Yonkers, New York Real Estate: A Comprehensive Guide


Yonkers, New York, stands as a beacon of suburban charm blended with urban convenience, making it an appealing choice for those looking to buy or rent in the New York metropolitan area. As the fourth largest city in the state, Yonkers offers a diverse range of real estate options, from luxurious riverfront properties to more affordable single-family homes and apartments. This guide explores the nuances of the Yonkers real estate market, offering insights into its neighborhoods, price trends, investment potential, and answering the most frequently asked questions by prospective buyers and renters.

Understanding Yonkers

Location and Accessibility

Located just north of the Bronx, Yonkers is part of Westchester County and offers excellent connectivity to Manhattan and other parts of New York City through various transportation options, including Metro-North Railroad and several major highways. This accessibility makes Yonkers a prime location for commuters looking to balance city work with suburban living.

Diverse Neighborhoods

Yonkers is divided into several distinct neighborhoods, each with its own character and appeal:

  • Downtown Yonkers: Known for recent revitalizations, featuring new apartments, restaurants, and arts venues like the Yonkers Riverfront Library and the Hudson River Museum.
  • Northwest Yonkers: Offers picturesque views of the Hudson River and is popular for its parks and recreational areas.
  • Northeast Yonkers: Known for its tranquil residential areas, excellent schools, and shopping centers.
  • Southwest Yonkers: Close to the Bronx and diverse, with more urban living options.

Real Estate Market Trends

The real estate market in Yonkers has seen significant growth, influenced by its proximity to New York City and relatively more affordable prices. The influx of new developments and improvements in infrastructure have boosted property values, making it an attractive area for investors and homebuyers alike.

Buying a Home in Yonkers

Price Trends

The average price of homes in Yonkers varies widely based on neighborhood, property size, and condition. As of the latest data, the median home price in Yonkers is competitive compared to the rest of Westchester County, making it a more accessible option for many buyers.

Types of Properties

Yonkers offers a mix of residential options, including:

  • Single-family homes: Ranging from historic homes to modern builds.
  • Condominiums and co-ops: Especially popular in waterfront areas and downtown.
  • Multi-family homes: Offering investment opportunities or a way for buyers to offset mortgage costs.

Investment Potential

The demand for rental properties in Yonkers is strong, driven by those who seek proximity to NYC but at a lower cost. This demand makes Yonkers a robust market for real estate investors looking to purchase residential properties to rent out.

Renting in Yonkers

Rental Market Overview

Rental prices in Yonkers vary, with more affordable options generally found away from the waterfront and downtown areas. The presence of new luxury developments has introduced higher-priced rentals, attracting a mix of professionals and small families.

Lease Terms

Typical lease terms in Yonkers are 12 months, but flexible lease options can be found depending on the landlord and the type of property. It’s important for tenants to understand their lease agreements and know their rights under New York State law.

Living in Yonkers


Yonkers Public Schools serve the city with a range of elementary, middle, and high schools, noted for their diverse programs and strong community involvement. Higher education is also accessible with institutions like Sarah Lawrence College and Mercy College nearby.

Recreation and Amenities

The city boasts numerous parks, such as Untermyer Park and Tibbetts Brook Park, which provide green space and recreational facilities. The Yonkers waterfront offers restaurants, bars, and public spaces that host various community events throughout the year.

Safety and Community

Yonkers is considered safer than other similar-sized urban centers, with dedicated community policing and active neighborhood associations contributing to the overall safety and community spirit.

FAQs about Yonkers Real Estate

1. What are the current real estate trends in Yonkers?

Answer: The Yonkers real estate market is experiencing growth, with rising property values and significant development, especially in downtown and waterfront areas.

2. Is Yonkers affordable compared to other parts of Westchester County?

Answer: Yes, Yonkers generally offers more affordable real estate options than many other parts of Westchester County.

3. What types of properties are available in Yonkers?

Answer: Yonkers has a diverse range of properties, including single-family homes, condos, co-ops, and multi-family units.

4. Are there good schools in Yonkers?

Answer: Yes, Yonkers has a variety of public and private schools that are well-regarded for their educational programs.

5. What is the average price of a home in Yonkers?

Answer: The average price can vary greatly depending on the neighborhood, but the median home price in Yonkers is competitive within the region.

6. How is the rental market in Yonkers?

Answer: The rental market in Yonkers is robust, with a range of options from luxury apartments to more affordable units.

7. What are the best neighborhoods in Yonkers for families?

Answer: Northeast Yonkers is often recommended for families due to its residential feel, good schools, and access to amenities.

8. Is Yonkers a good place for real estate investment?

Answer: Yes, the strong rental demand and growth in property values make Yonkers a good choice for real estate investment.

9. How safe is Yonkers?

Answer: Yonkers is generally considered safe, with lower crime rates than other cities of similar size.

10. What are the benefits of living in Yonkers?

Answer: Benefits include proximity to NYC, diverse real estate options, strong community feel, and good schools.


Yonkers, NY, offers a dynamic real estate market with options suitable for a range of budgets and lifestyles. Whether you're looking to buy, rent, or invest, Yonkers provides a unique blend of urban and suburban benefits, making it an increasingly popular choice in the New York metropolitan area.