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New York: Short-Term vs Long-Term Rental Returns

New York State has enormous rental demand, but New York City's strict Local Law 18 has effectively banned most short-term rentals in the city.

Published March 21, 2026

What Could You Earn?

Estimated gross income for a typical 3-bedroom house in New York, based on median values. These are starting points. In the dashboard you can adjust everything to match your own property and circumstances.

Typical property price
$427K
Long-term rental income
$2,050/mo
before expenses
Short-term rental income
$2,918/mo
before expenses
Short-term earns roughly
$868/mo more
before expenses and regulations

Key Takeaways

  • New York City's Local Law 18 (2023) requires hosts to be present during stays and register with the city, effectively eliminating most investment STRs in the five boroughs.
  • Upstate tourist areas like the Hudson Valley and Catskills have fewer restrictions and benefit from weekend getaway demand from NYC.
  • Long Island and Westchester have some of the highest long-term rents in the country outside Manhattan.
Interested in a specific area?
See the full short-term vs long-term comparison with adjustable assumptions.
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How Short-Term and Long-Term Compare by Area

Estimated monthly income for a 3-bedroom house in each area, before expenses. Click any area to see the full breakdown in the dashboard.

City / area Price Long-term /month Short-term /month Short-term rules
New York County
New York
$1405K $3,847 $7,235 Medium View details →
Kings County
New York
$765K $3,172 $4,917 Medium View details →
Nassau County
New York
$618K $2,917 $3,953 Low View details →
Queens County
New York
$579K $2,711 $3,380 Medium View details →
Suffolk County
New York
$525K $2,641 $4,224 Low View details →
Westchester County
New York
$583K $2,449 $3,338 Low View details →
Ulster County
New York
$329K $1,651 $2,332 Low View details →
Orange County
New York
$324K $1,634 $2,497 Low View details →
Erie County
New York
$219K $1,462 $2,079 Low View details →
Sullivan County
New York
$243K $1,330 $1,886 Low View details →
Oneida County
New York
$177K $1,075 $1,605 Low View details →
St. Lawrence County
New York
$115K $847 $1,232 Low View details →

All figures are estimates based on median values for a 3-bedroom house in each area. Individual properties will vary. Use the dashboard to adjust assumptions to your own situation.

Compare Any Location

The dashboard covers 2178 counties across New York. Search for any area and adjust property price, rent, nightly rate, occupancy, mortgage rate, and expenses to match your investment.

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Data last updated: March 2026

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