New York: Short-Term vs Long-Term Rental Returns

New York State has enormous rental demand, but New York City's strict Local Law 18 has effectively banned most short-term rentals in the city. Upstate and suburban counties offer different dynamics. We compare returns across the state's major markets.

Data last updated: March 2026

What Could You Earn?

Estimated gross income for a typical 3-bedroom house in New York, based on median values. These are starting points. In the dashboard you can adjust everything to match your own property and circumstances.

Typical property price
$427K
Long-term rental income
$2,050/mo
before expenses
Short-term rental income
$2,918/mo
before expenses
Short-term earns roughly
$868/mo more
before expenses and regulations

Key Takeaways

  • New York City's Local Law 18 (2023) requires hosts to be present during stays and register with the city, effectively eliminating most investment STRs in the five boroughs.
  • Upstate tourist areas like the Hudson Valley and Catskills have fewer restrictions and benefit from weekend getaway demand from NYC.
  • Long Island and Westchester have some of the highest long-term rents in the country outside Manhattan.
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How Short-Term and Long-Term Compare by Area

Estimated monthly income for a 3-bedroom house in each area, before expenses. Click any area to see the full breakdown in the dashboard.

City / areaPriceLong-term /monthShort-term /monthShort-term rules
New York County
$1405K$3,847$7,235MediumView details →
Kings County
$765K$3,172$4,917MediumView details →
Nassau County
$618K$2,917$3,953LowView details →
Queens County
$579K$2,711$3,380MediumView details →
Suffolk County
$525K$2,641$4,224LowView details →
Westchester County
$583K$2,449$3,338LowView details →
Ulster County
$329K$1,651$2,332LowView details →
Orange County
$324K$1,634$2,497LowView details →
Erie County
$219K$1,462$2,079LowView details →
Sullivan County
$243K$1,330$1,886LowView details →
Oneida County
$177K$1,075$1,605LowView details →
St. Lawrence County
$115K$847$1,232LowView details →

All figures are estimates based on median values for a 3-bedroom house in each area. Individual properties will vary. Use the dashboard to adjust assumptions to your own situation.

Compare Any Location

The dashboard covers 2,178 counties across New York. Search for any area and adjust property price, rent, nightly rate, occupancy, mortgage rate, and expenses to match your investment.

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