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Suburban Housing Near NYC Soars 86% in a Decade

3/26/2026

33 8 Full Breakdown

Summary

Story summary

A PropertyShark report finds suburban housing around New York City unaffordable.
Median prices in these suburbs rose 86% over the past decade, vs 43% in New York City.
The share of suburban communities with median prices below $250,000 has vanished, leaving 31 markets under $500,000.
The COVID-19 pandemic accelerated the trend, leaving buyers with a limited supply of affordable homes farther from job centers.

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Story summary

A PropertyShark report finds suburban housing around New York City unaffordable.
Median prices in these suburbs rose 86% over the past decade, vs 43% in New York City.
The share of suburban communities with median prices below $250,000 has vanished, leaving 31 markets under $500,000.
The COVID-19 pandemic accelerated the trend, leaving buyers with a limited supply of affordable homes farther from job centers.