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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Garden City, NY Housing Affordability Index

Garden City, New York has an MBR Housing Affordability Index score of 86.4 (Moderately Less Affordable) as of October 30, 2026, ranking 692nd most affordable of 922 scored New York cities, compared with 80.2 statewide and 97.4 nationally. On a median-priced $1,075,900 home with 20% down, a jumbo loan at 7.52% means a monthly principal and interest payment of about $6,029, or 30% of the city’s $244,152 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Garden City is updated every night from live New York mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Garden City MBR-HAI 86.4 Moderately Less Affordable
Rank in New York 692 of 922 1 = most affordable
New York 80.2 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.27% New York lenders
Median home value $1,075,900 U.S. Census Bureau

Garden City is 6.3 points above the New York score. Scores as of October 30, 2026. See the New York index

View Garden City Mortgage Rates

What It Takes to Buy in Garden City

$6,029/mo
Principal & Interest
Median home, 20% down, 7.52% jumbo
$258,400
Income Needed
To keep the payment at 28% of income
$244,152
Median Household Income
New York: $85,974
4.4x
Price-to-Income Ratio
New York: 4.9x
$3,545/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$6,954/yr
Median Property Tax
New York figure
30.6%
Owner Cost Burden
Owners spending 30%+ of income on housing
54.8%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Garden City, New York. The rate is the New York average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state. A 20% down loan on the median home here is above the $832,750 conforming limit, so the index adds 0.25% for jumbo pricing.

Cite the Garden City Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Garden City, New York score: 86.4 (Moderately Less Affordable), ranked 692 of 922 New York cities. monitorbankrates.com/housing-affordability-index/new-york/garden-city”