Hudson Valley housing market ‘entering a new phase’

A new report says that while the pandemic buying frenzy has subsided, unaffordable housing is still ‘a defining feature’ of the Hudson Valley’s economy.

A new report from Hudson Valley Pattern for Progress has found that while “the volatility associated with the pandemic has moderated,” unaffordable housing is not only a central concern – “it has become a defining feature of the regional economy.”

Rent has increased across the region, with Greene County experiencing the largest increase, according to the report entitled Out of Reach. Renter wages declined as rents rose, a descripancy with “conditions deteriorated most sharply in Putnam and Rockland.” In Rockland County, a worker earning the average renter wage would need to spend approximately 100-percent of their gross income to afford a modest one-bedroom apartment at Fair Market Rent. In both Putnam and Rockland, an average-wage renter would need to work more than 130 hours per week to afford that home, according to the report.

Hudson Valley Pattern for Progress will discuss the findings of their 2026 housing report, Out of Reach, with a free virtual presentation on September 9, 2026 at 11am. The event is free, with registration requested. Register

Read the full report, here: https://www.pattern-for-progress.org/portfolio/out-of-reach-2026/


 

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