08/11/2025
MARKET UPDATE: Housing Affordability in NJ/NY Metro Area 🏡
The numbers are in for June 2025, and affordability remains a challenge across the board. With a qualifying income of $192,768 and an average monthly payment of $4,016, fewer households are able to comfortably afford a median-priced home in our area.
🔹 Housing Affordability Index: 62.3
🔹 Price-to-Income Ratio: 6.4
🔹 Payment-to-Income Ratio: 40.2%
💡 Wondering how this impacts you or your clients? Let’s talk about strategies to win in today’s market—whether you’re buying, selling, or investing.
📍Data reflects New York-Newark-Jersey City metro area
📈 Source: National Association of REALTORS®