Retirement friendliness is average, and the absence of vacation home appeal underscores its residential, urban-oriented nature.
The real estate market in Yonkers has been strong and growing in recent years.
The growth accelerated notably in 2021 and 2022, highlighting increased demand and market confidence.
Home Stratosphere
Continued price growth suggests long-term investment strength and market stability moving forward.
In eastern and northern neighborhoods (Crestwood, Colonial Heights, etc.
), the landscape is more suburban with tree-lined streets and single-family homes.
South and west Yonkers have a lot of multi-family houses (duplexes and triplexes) and smaller apartment buildings.
Market Conditions
The Yonkers market has been described as somewhat competitive.
Homes typically receive multiple offers and the average time on market is around 67 weeks.
Inventory is tight, reflecting a wider Westchester trend.
The city spans approximately 20 square miles, with varied topography from the flat riverfront to hilly eastern sections.
Its strategic location provides easy access to Manhattan, the Hudson Valley, and Connecticut.
Overall expenses in Yonkers are significantly above the U.S. average estimated at around 35% higher than nationwide.
Everyday expenses like groceries and utilities also run above average (groceries index ~115, utilities ~120).
For instance, rent prices in NYC are nearly double those in Yonkers on average.
Many residents find that in Yonkers their dollar stretches further in terms of space and housing quality.
Its worth noting that costs have been rising recently.
Yonkers has one of the lowest crime rates among large cities in New York State.
Crime Statistics
Yonkers overall crime rate is about 47% lower than the national average.
Neighborhood stats indicate about 6.99 total incidents per day per 100,000 people.
Safety Trends
The long-term trend has been improving safety.
From 2017 to 2023, violent crimes in Yonkers fell substantially, according to the U.S. Department of Justice.
The citys police force has been recognized for effective community policing and reforms, contributing to these safety improvements.
In practical terms, most parts of Yonkers are safe for families and commuters.
Downtown and the waterfront have seen revitalization and increased police presence, further enhancing safety.
In simpler terms, this works out to roughly an additional 1%2% of your income.
Sales tax in Yonkers is on par with New York Citys.
The crown jewel isUntermyer Park and Gardens, a spectacular 43-acre public garden on a former estate.
Arts and Culture
Yonkers has a growing cultural scene.
TheHudson River Museumis a notable institution located in Trevor Park.
It features art galleries, history exhibits, and even a planetarium.
Adjacent is the historicGlenview Mansion, a 19th-century riverfront Victorian home thats part of the museum complex.
you could watch live harness racing and also enjoy video slot machines and electronic table games at the casino.
Dining and Shopping
Given Yonkers diversity, the food scene is eclectic.
Youll find abundant bars and restaurants catering to all tastes.
The revitalized Waterfront District has trendy restaurants and a craft brewery (Yonkers Brewing Co.) overlooking the river.
Yonkers offers plenty of retail therapy.
Transportation and Commuting
One big advantage of Yonkers is excellent transportation links.
Public Transit
Commuters in Yonkers enjoy quick access to New York City via the Metro-North Railroad.
The fare is around $12 one-way at peak (monthly passes ~$233).
For local mobility, the Westchester Bee-Line Bus system provides extensive coverage.
Numerous Bee-Line bus routes crisscross Yonkers, linking neighborhoods and also connecting to the Bronx subway terminals.
Roads and Highways
If you drive, Yonkers sits at the nexus of several major highways.
The city is bisected by the New York State Thruway (I-87) which runs northsouth.
Air Travel
Yonkers is roughly equidistant from the regions major airports.
Newark Liberty is around 40 minutes southwest.
Westchester County Airport (HPN) is a smaller convenient option, only 20 minutes away in White Plains.
Other residential neighborhoods are more car-dependent with limited walking destinations.
Healthcare Access
Yonkers residents have strong healthcare options both within the city and in nearby areas.
Between these two hospitals, Yonkers has 24/7 emergency departments and a wide range of specialists.
Both hospitals also run satellite family health centers in Yonkers for routine checkups and preventive care.
There are also many private medical practices throughout the city.
Employment and Economic Outlook
Yonkers economy is a mix of local industries and a large commuter workforce.
Major Employers
Some of the largest employers in Yonkers are in the public and healthcare sectors.
The Yonkers Public School District is one of the top employers.
Consumer Reports has its national headquarters and testing labs in Yonkers.
Kawasaki Rail Car operates a plant in Yonkers that produces subway and rail cars.
Economic Trends
The citys economy has been on an upswing.
Yonkers unemployment rate in 20232024 has hovered around 4%5%, which is relatively low.
Yonkers has several private schools, including religious schools.
Yonkers combinesurban vibrancy restaurants, arts, public transit withsuburban tranquilityin its quieter neighborhoods and parks.
For many, it hits the sweet spot of location and livability.
Its a city proud of its resurgence and ready to welcome new residents.
