The 5 Most Affordable Places to Live In New York State


Clever Real Estate


March 8th, 2021


The most affordable places in New York state are hard to find if you’re new to the state or don’t have the time to research every town. There are some lovely little towns that offer great homes and amenities for homeowners of all types.

While lots of people want to live in New York City, it’s one of the least affordable places to live in the country. Instead, many home buyers decide to widen their search to include the entire state. Upstate New York offers nature, wildlife, open space, and many more affordable homes than what you find in New York City.

With the help of an experienced local agent, you can uncover a gold mine of a town that’s just a short train ride to the city, whether you’re commuting for work or pleasure.

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1. Albany

The capital city of New York is where most of the action happens in the political world of New Yorkers. There’s a lot of lobbying and jobs for lawyers in Albany. On top of that, there’s an active nightlife, historic attractions, and stadium sports and entertainment.

According to data from Zillow, the median home listing is around $175,000 and values are going up in this hot seller’s market. While the median household income is lower, around $42,000, the city has a lot to offer. There are even free events and concerts all throughout the summer downtown.

With SUNY Albany, Sage College, and Saint Rose all located within the city, there’s a lot of new ideas and creative energy around. Several of the public schools are highly rated and have programs connected to the institutes of higher learning, making the city great for raising high achievers.

2. Kingston

Since it became a Dutch trading post in the 1650s, Kingston has been a major pathway of upstate New York. If you love getting outdoors and being on the water, you’ll get both from the Rondout Creek and the Hudson River.

For lovers of architecture, check out the many pre-revolutionary war homes that dot the city. History and architecture buffs will love living in this city.

Right now, it’s truly a buyer’s market as homes have a median value below $175,000. If you’re looking to buy and invest in the region, you could see big returns quickly. Even if you’re just looking for a home to settle down in, you could negotiate something that offers you the chance to refinance soon after you close on it.

3. Ogdensburg

Sitting way up near the Canadian border in St. Lawrence County is Ogdensburg with a population of around 11,000. Don’t overlook this sleepy city as it’s one of the cheapest places to rent or buy a home.

While the median income in the city is around $39,000, the median home value is just $54,000. It’s been named as a great city to retire in and has been a thriving small city for as long as the border has existed. Nearly a third of the households here have kids that are in school, meaning there’s an active family life in the city.

From here, you can take the highway as a direct route to Ottawa for a weekend away in Canada. The city has an international airport if you need to get a little further away.

Excited to start the home search in one of the amazing neighborhoods Ogdensburg has to offer?

The first step is getting preapproved by a licensed lender to learn how much you can afford! Fill out the form below to connect with a local lender that can walk you through each step towards owning your dream home.

4. Olean

On the opposite end of the state, there’s an affordable town right by the Pennsylvania border. The schools in this city of 14,000 are highly rated and there’s even a community college within the city to keep your kids around a couple of years after high school graduation.

Olean’s median home value is just around $58,000, making it a great place for people who make the median income in the city. If you’re bringing home $40,000 a year, the median in the city, you’ll be able to pay off your home quickly and easily. While it might not be the ideal place for a home flipper, it’s a nice place to settle down.

While it was once the home of bootleggers, Olean is now a safe place to live. With a serious academic bend in the city and a community where 30% of households have school-aged kids, it’s a fantastic place for families.

5. Kenmore

If you need a lot more scenery than some of the other places on this list, you can go all the way to the western tip of the state near Niagara Falls. In Kenmore, you’ll find a city with small town charm and a population of 15,000 giving it enough people to make for a diverse life.

The median income in the city is around $60,000 and the median home value has climbed up to more than $150,000. People are starting to learn about what a great place Kenmore is to settle down in.

The city has lots of great public schools, including the high school where CNN journalist Wolf Blitzer graduated from. If you’re looking for a place to raise your family, this is a fantastic choice. Just 20 minutes from Buffalo, you get access to the city without the crime, with better schools, and with much bigger yards.

Affordable Places in New York Are Hard to Find

While you might be able to find the right city for you, finding the right home is a challenge, especially for an out-of-towner. Thankfully, our Clever Partner Agents work all over the map and can help you find a place in any part of the state. They know what the local trends are, which areas are heating up, and how to negotiate for a great deal.

Contact us to be paired with one of our Partner Agents who can help you qualify for rebates to help you cover closing and down payment costs.

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