Quick facts: Cedarhurst, NY

Quick Facts

113.7
Cost of Living
above US average
7,269
Population
27.51
Crime Rate per 1000
above US average
$102,561
Median Income
above US average
$1,290,000
Median House Price
above US average
$3643.0
Average Rent
above US average
2%
Poverty Rate
below US average
4.1%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $102,561.

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Income Needed to Buy

βœ— Stretch
$405k/year
Based on $1,290,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $405k vs median $102,561
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Income Needed to Rent

⚠ Stretch
$156k/year
Based on $3643.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $156k vs median $102,561
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Cedarhurst, NY

Cedarhurst is a charming village located in Nassau County on Long Island, New York. Nestled within the Town of Hempstead, it boasts a rich history and a close-knit community atmosphere. Known for its residential character, Cedarhurst features tree-lined streets and beautiful homes, making it an attractive place for families and professionals alike. The village is home to a vibrant downtown area, offering a mix of shops, restaurants, and services that cater to local residents. Dining options range from casual eateries to more upscale establishments, providing a variety of cuisines to explore. Cedarhurst is also known for its excellent school district, making it particularly appealing to those with children. For outdoor enthusiasts, Cedarhurst offers access to nearby parks and recreational spaces, providing opportunities for jogging, picnicking, and other outdoor activities. The village's location on Long Island means residents can easily access nearby beaches and cultural attractions. Overall, Cedarhurst embodies a suburban lifestyle with a strong sense of community, making it a desirable location for those seeking a peaceful yet connected living environment.

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