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Housing Market 2024: Avoid Buying a House in These 5 New York Cities


Downtown Buffalo skyline along the historic waterfront district.

DenisTangneyJr / iStock.com

As incredible as New York City and the surrounding areas are, not all cities and towns in this state are ideal places to buy or invest in a home. In fact, there are some areas you may want to avoid if you’re looking for a high-end living experience or hassle-free real estate investing.

Below are the worst places to invest or live in New York State.

1. Buffalo

  • Crime rate: 1,042 violent crimes per 100,000 inhabitants.

One of the hardest places to live in New York is Buffalo. Although it has a rich history and beautiful architecture, it also suffers from extreme weather conditions, high crime rates and a struggling economy. For these reasons, the city has lost its population over the years.

2. Rochester

  • Crime rate: 760.5 per 100,000 inhabitants.

Rochester, like Buffalo, also faces harsh winters and economic struggles. It also has above-average crime rates, which makes many people hesitant to call this city home.

3. Syracuse

  • Crime rate: 891.3 per 100,000 inhabitants.

Syracuse also presents significant challenges for people looking to buy a home or invest in real estate there. The city suffers from high crime rates, which is a major deterrent for potential homeowners and investors. Furthermore, general economic instability and limited employment prospects further exacerbate the situation, making Syracuse far from an ideal city to live or invest in real estate.

4. New York City

  • Crime rate: 744.2 per 100,000 inhabitants.

While New York City is an iconic, world-class city admired for its cultural diversity, iconic landmarks and countless opportunities, it also has significant drawbacks that make it less than ideal for buying a home or investing in real estate. One of the main concerns is the high cost of living, both when buying or renting a home. Additionally, the cost of basic necessities, such as groceries and utilities, is higher than the national average.

Congestions, traffic and noise pollution also reduce the quality of life for some people. Finally, the city’s crime rate is higher than the national average, which could be a dealbreaker for homeowners, investors, and even renters.

5. Jonkers

  • Crime rate: 12.94 per 1,000 inhabitants.

Yonkers, located just north of the Bronx and often considered part of the New York City metropolitan area, suffers from a higher than average crime rate, with both violent and property crime being major problems in the area.

The city also struggles with economic instability and a relatively high unemployment rate. Combined with the cost of living, these factors make it a risky area for real estate investing. Potential investors may find it difficult to attract and retain tenants or buyers, leading to a lower return on investment.

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