Yonkers, NY

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Yonkers short-term rental market based on reliable data.

Listings

175 / 497

Reliable / Active

Cap Rate

5%

Middle-Earners Gross Yield

Revenue

$35,463

Middle-Earners Revenue

Occupancy

65%

Middle-Earners Occupancy

Home Value

$673,384

Median Home Sale Price

Top Earners

$61,102

Top-Earners Revenue

Yonkers

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Yonkers.

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C

Challenging to Investors

Yonkers Regulations

Yonkers explicitly permits short-term rentals but is restricted by New York's Multiple Dwelling Law prohibiting entire-home rentals for fewer than 30 days unless the primary resident is present, severely limiting investor opportunities. Compliance involves multi-jurisdiction registration, safety inspections, and several taxes, creating a complex regulatory environment.

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About Yonkers

Yonkers () is a city in Westchester County, New York, United States. The city, a core suburb of the New York Metropolitan Area had a population of 211,569 as of the 2020 United States Census. It is classified as an inner suburb of New York City, located directly to the north of the Bronx and approximately 2.4 miles (4 km) north of Marble Hill, the northernmost point in Manhattan. Yonkers' downtown is centered on a plaza known as Getty Square, where the municipal government is located. The downtown area also houses significant local businesses and nonprofit organizations. It serves as a major retail hub for Yonkers and the northwest Bronx. Major shopping areas are located in Getty Square on South Broadway, at the Cross County Shopping Center and Westchester's Ridge Hill, and along Central Park Avenue. The city is home to several attractions, including access to the Hudson River, Tibbetts Brook Park, Untermyer Park, the Hudson River Museum, the Saw Mill River, the Science Barge, and Sherwood House. Yonkers is considered a City of Seven Hills; the seven hills are Park, Nodine, Ridge, Cross, Locust, Glen, and Church Hills. In more recent years, Yonkers has undergone gentrification.

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