Living in an area with gorgeous green spaces and several historical sites is a dream for many people. And this dream can easily be made a reality if you move to Yonkers. It is a culturally and economically diverse city with delicious food, great job opportunities, and high-ranking education. Additionally, Yonkers offers some of the safest neighborhoods in New York. Of course, there are many stressful things to consider when purchasing real estate, like saving for down payments and preparing for bidding wars. However, we think it’s important not to lose sight of all the positive aspects. That’s why we have compiled this list of some of the most notable benefits of purchasing real estate in Yonkers, NY.
It boasts a solid real estate market, so ROI will be good
Yonkers boasts a solid and diverse housing market. In general, it can be competitive. However, this shouldn’t pose too much of a problem. For a while now, Yonkers has been a buyers’ market. That means that even if you lose a bidding war on one of the homes here, it shouldn’t be too hard to find another home that you would want to buy. Living in Yonkers is a very desired area with all the benefits. That means that home values generally tend to be stable, and in most cases, you can expect your home to appreciate. And this means it’s not only easy to buy a great home here. It’s also a significant investment.
Property type variety
Since the housing market here offers such great variety, you will likely be able to find your perfect home no matter what your situation is. One of the biggest perks of purchasing real estate in Yonkers is that it’s a place that offers something for every lifestyle and demographic.
On the one hand, you can find neighborhoods with gorgeous single-family homes. These will allow you to raise your children in an area with fantastic education opportunities. On the other hand, you will find some excellent loft-style apartments similar in style and geographically close to New York City. Additionally, there are also some tremendously quiet residential neighborhoods perfect for retirees. Remember that the closer you get to NYC, the more similar the lifestyle becomes. For example, apartments can get small, and storage can be limited. Experts from Heart Moving NYC advise you to take a page out of the book of the residents of NYC and look into renting out a storage unit.
Yonkers offers a prosperous economy
Yonkers is a beautiful place to both start and advance your career. It offers numerous fantastic job opportunities and an excellent economy. Additionally, since it’s so close to New York City, it’s common for residents to work in one of its boroughs. That means that Yonkers also opens you up to the entire job market in New York City, which is notoriously amazing. Yonkers has also shown remarkable resilience in terms of the economy in the past few years. After greatly suffering from the pandemic and reaching an unemployment rate of about 20%, Yonkers successfully recovered after pushing that percentage back down to around 3%. While the job market is incredibly diverse here, it’s still possible to point out some of its most prosperous industries. Those would be the following:
- Social assistance,
- Healthcare,
- Public administration,
- Education,
- Utilities,
- Retail.
One thing to note is that no matter how good the economy is, it may be a good idea to consider downsizing in NY as an option for buying a home here.
It also offers excellent education
One of Yonkers’s most significant selling points is its excellent educational opportunities. Whether you’re planning to start a family here or moving with school-age children, you can be sure you’ll hit the mark with Yonkers. This wonderful city offers some of the best-ranking public schools in all of New York State. It’s part of the Yonkers school district, which offers your kids great opportunities for success in and out of school. The district boasts over 40 amazing public schools and teaches around 25000 students. Although tides shift over time, it’s generally considered that the three best options are:
- Pearls Hawthorne Elementary School,
- Patricia A. Dichiaro Middle School,
- Yonkers High School.
Purchasing real estate in Yonkers, NY, also benefits those looking for higher education opportunities. Yonkers has you covered, whether it’s for your or your kids’ education. While it has its selection of excellent schools, people generally take advantage of its proximity to New York City. It’s a way to study in one of NYC’s great schools (ex., Colombia University, New York University, The Julliard School) while not breaking the bank on the high real estate prices in the city.
You won’t need a car
That is another thing that makes life in Yonkers similar to life in NYC. Most Yonkers residents choose not to have a car and simply use public transportation or walk/bike. This city is home to an excellent public transportation system. That makes it easy to get around town while providing quick access to NYC and other surrounding areas. Yonkers also boasts a high walkability score. Most people walk or bike to wherever they’re going, especially if the weather is nice.
That is beneficial in two main ways. Firstly, it can save you a lot of money. After working out the math of using public transportation and owning a car, you quickly realize that the former is much cheaper. Secondly, the air quality is much nicer here. With fewer gas emissions, Yonkers is a much more pleasant place to live. If you already don’t have a car, we advise you to at least try going a few months after moving without it to see whether you genuinely need one. You can always find a solution if you’re concerned about things like the moving process. For example, if you’re moving from NYC, you can hire professional movers and get all the help that you need, or you could ask a friend to help you or lend you their vehicle.
Outdoor activities
Finally, discussing the benefits of purchasing real estate in Yonkers, NY, without mentioning the outdoor activities here, would be ridiculous. Since it’s on the Hudson River, you can find excellent natural sites along the waterway. Outside activities and sites make this area great for families (aside from education). You can take trips to explore picturesque gardens, go on a hiking trip, or simply enjoy a sunny picnic day at a local park. Yonkers offers the city benefits of NYC while still not making you feel like you’re living in a total concrete jungle.
Final thoughts
As you can see, Yonkers is a great place to start if you want to make your dream of homeownership come true. Put into one short sentence, life in Yonkers, NY, is a less hectic and much safer reflection of life in NYC that doesn’t make you sacrifice the top amenities in Manhattan. Purchasing real estate in Yonkers, NY, is an excellent idea for anyone. Whether you’re planning to start a family, looking for great job/education opportunities, or just want to save money while still being relatively close to the heart of NYC, Yonkers has something for you.
Meta
Many benefits come with purchasing real estate in Yonkers, NY. But it’s essential to know them before moving on to the process.