Economic Security
Cost of Homeownership, by Race/Ethnicity

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Source: U.S. Census Bureau

What does this measure?

The ratio of the median home value divided by the median household income, adjusted for inflation, and shown for homeowners in various racial and ethnic groups.

Why is this important?

This ratio provides a rough estimate of the affordability of homes in a community. A ratio less than 2 or 3 is considered affordable. High housing costs can force households to choose between paying for housing and meeting other basic needs such as food, clothing and health care.

How is Westchester County performing?

Westchester County homes were most unaffordable for Hispanic and African American homeowners, with ratios of 5.6 and 5.4 respectively, followed by whites (4.2) and Asians (3.8). Compared to the U.S., Westchester was less affordable for all groups, except Asians; while it was more affordable for all groups , except for whites, compared to the state.

Among comparison counties, Westchester has the highest cost ratio for Hispanic and African American homeowners, followed by Rockland with a 5.2 ratio for Hispanics and a 4.1 ratio for African Americans. It has the second highest rate among Asian homeowners, just behind Nassau at 3.9.

Why do these disparities exist?

Historic and current policies and systems, from racist housing policies to employment discrimination to education systems that fail to equitably serve all populations, have prevented people of color from fully participating in our economy, locking them out of economic opportunity. This has resulted in lower incomes for people of color, which means housing costs are a greater burden.

Notes about the data

Data are presented in 2020 dollars. Multi-year data are from the Census Bureau's American Community Survey, Public Use Microdata Sample, which paired up four counties (Orleans/Genesee, Wyoming/Livingston) due to relatively small populations. The American Community Survey combines five years of responses to provide estimates for smaller geographic areas and increase the precision of its estimates. The survey provides data on characteristics of the population that used to be collected only during the decennial census.

Housing Affordability - Owning by Race/Ethnicity, 2016-20
AsianBlack or African AmericanHispanicWhite
Westchester County3.85.45.64.2
Nassau County3.93.54.33.7
Putnam County3.12.83.33.1
Rockland County3.14.15.24.8
New York State6.96.86.63.4
Mount Vernon/New Rochelle4.45.76.14.7
White Plains3.54.75.04.2
Yonkers5.05.36.45.2

Source: U.S. Census Bureau
Notes: Ratio of median home value divided by the median household income, adjusted for inflation. A ratio less than 2 or 3 is considered affordable. The Census Bureau asks people to identify their race (white, African-American, etc.) separate from their ethnicity.




Median Home Value by Race/Ethnicity, 2016-20
AsianBlack or African AmericanHispanicWhite
Westchester County$595,552$414,034$442,305$606,032
Nassau County$584,567$413,311$455,900$540,814
Putnam County$395,144$375,407$328,972$382,630
Rockland County$480,791$426,196$414,368$495,265
New York State$588,375$428,784$419,288$310,823
Mount Vernon/New Rochelle$596,753$422,823$498,385$647,431
White Plains$689,839$452,176$443,580$704,468
Yonkers$504,585$342,359$408,426$471,349

Source: U.S. Census Bureau








INDICATORS TREND | WESTCHESTER
Early Prenatal Care, by Mother's Race/Ethnicity 1
Increasing
Infant Mortality Rate, by Race/Ethnicity 10 Not Applicable*
Children with Elevated Blood Lead Levels 0
Maintaining
Children Receiving Subsidized Child Care -1
Decreasing
Children Living in Poverty, by Race/Ethnicity 1
Increasing
Disengaged Youth, Ages 16 to 19 -1
Decreasing
Single-Parent Families, by Race/Ethnicity 1
Increasing
Single Female-Headed Households 0
Maintaining
Contributions as a Percentage of Income 0
Maintaining
Voter Registration Rate 1
Increasing
Voter Participation Rate 1
Increasing
Serious Crimes -1
Decreasing
Victims of Domestic Violence -1
Decreasing
Arrest Rates, by Race/Ethnicity 10 Not Applicable*
Households With Internet Access, by Race/Ethnicity 10 Not Applicable*
Households without Vehicles -1
Decreasing
Means of Transportation to Work, by Race/Ethnicity -1
Decreasing
Air Quality 1
Increasing
Population Density 0
Maintaining
Water Quality of the Long Island Sound 1
Increasing
Open Space in Westchester County 1
Increasing
Change in Total Population 1
Increasing
Change in Population, by Race/Ethnicity 1
Increasing
Change in Population, by Age -1
Decreasing
People with Disabilities 1
Increasing
Language Diversity 1
Increasing
People 65 or Older Living Alone 1
Increasing
Change in Total Jobs -1
Decreasing
Change in Jobs by Sector 10 Not Applicable*
Business Ownership, by Race/Ethnicity 10 Not Applicable*
Average Salary by Sector 10 Not Applicable*
Median Household Income, by Race/Ethnicity 0
Maintaining
Female to Male Earnings Ratio 0
Maintaining
Unemployment Rate, by Race/Ethnicity 1
Increasing
People Living in Poverty -1
Decreasing
People Living in Poverty, by Race/Ethnicity 0
Maintaining
Seniors Living in Poverty 0
Maintaining
Seniors Living in Poverty, by Race/Ethnicity 1
Increasing
Food Insecurity -1
Decreasing
Households Receiving SNAP, by Race/Ethnicity 0
Maintaining
Public Assistance 0
Maintaining
People Receiving Supplemental Security Income 1
Increasing
Homeownership Rate, by Race/Ethnicity 1
Increasing
Cost of Homeownership, by Race/Ethnicity 10 Not Applicable*
Overall Housing Cost Burden -1
Decreasing
Cost of Rent, by Race/Ethnicity 10 Not Applicable*
Rent Burdened Households -1
Decreasing
Homelessness, by Race/Ethnicity 10 Not Applicable*
Homelessness, by Sex 10 Not Applicable*
Per-Student Spending 0
Maintaining
Student Suspensions -1
Decreasing
Student Performance on Grade 3 English, by Race/Ethnicity 1
Increasing
High School Cohort Graduation Rate, by Race/Ethnicity 1
Increasing
College Admission Rate, by Race/Ethnicity 1
Increasing
College Enrollment Rate, by Race/Ethnicity -1
Decreasing
Education Levels of Adults, by Race/Ethnicity 1
Increasing
People Without Health Insurance -1
Decreasing
Mortality Rate, by Race/Ethnicity 10 Not Applicable*
Mortality Rate from Chronic Lower Respiratory Disease, by Race/Ethnicity 10 Not Applicable*
Diabetes Mortality, by Race/Ethnicity 10 Not Applicable*
Suicide Rates, by Race/Ethnicity 10 Not Applicable*


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