New York averages a 5.3% gross long-term rental yield on a $294,094 median 3-bedroom house, with $1,304 monthly rent. Yields range widely across the 1811 neighborhoods in our dataset; the city guides below cover the markets investors most often ask about.
Property tax averages 1.72% of value across the state. Regulatory environments vary by city, short-term rental rules in particular are a city-by-city question, not a state-wide one. Each linked city guide covers its specific regulations, suburb-level yields, and total operating costs.
City Markets Covered in New York
- Bronx Delivers 5.8% Yields, No Short-Term Rental Needed
- Brooklyn Delivers 3.6% Yields, No Short-Term Rental Needed
- Long Island Nets Under 1.0% on Rentals: Appreciation Must Do the Heavy Lifting
- Manhattan Yields 3.0% Gross, Banking on Appreciation Over Cash Flow
- Queens Long-Term Rentals Yield 3.7%, Short-Term Rentals Banned
Browse the dashboard → Free preview · every neighborhood in New York
New York State-Level Snapshot
State-level medians smooth across very different markets. For example, in New York the spread between top-yielding neighborhoods in cheaper metros and premium metros often exceeds 6 percentage points. Click into any city guide above to see neighborhood-level rankings.
Explore New York in the dashboard
Free preview with neighborhood-level data, every bedroom count, every property type.
View New York →Data reflects market conditions as of April 2026. This information is for educational purposes only and should not be considered financial or legal advice. Regulations and market conditions change frequently. Verify current rules with local authorities before making investment decisions.