New York, NY

The nation's largest study exploring what makes homeowners happy where it matters most — in their homes.

New York, NY

How Happy Are New York's Homeowners?

Despite living in one of the world’s most bustling cities with some of the world’s best food and entertainment at their fingertips, homeowners in New York City report the nation’s lowest home happiness levels. Why? Chalk it up to cramped living quarters and a lack of outdoor space. Big Apple homeowners have far fewer interior and exterior features compared with the rest of the nation’s homeowners. But what they lack in closets and patios they make up for in easy access to the amenities only New York City has to offer. And, since Big Apple property values are on the rise, many homeowners will soon be able to tackle the kitchen and bathroom remodeling projects they say will make them happier.

New York's homeowners told us about the completed home projects that have brought them the most joy - and about the projects they desire that will make them even happier. When projects overlap, it means they make homeowners happy whether they're enjoying them now or aspiring to enjoy them later.

Top Completed ProjectsAlready Making Homeowners Happy

  • Remodeled the kitchen
  • Remodeled a bathroom
  • Painted interior room/area
  • Replaced/refinished flooring
  • Replaced/added windows

Top Projects That WouldMake Homeowners Happier

  • Remodel the kitchen
  • Remodel a bathroom
  • Install central air conditioning
  • Add a room or rooms
  • Professionally organized closets

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Happiest Home Features

New York's homeowners told us about the home features that have brought them the most joy - and about the features they desire that will make them even happier. When projects overlap, it means they make homeowners happy whether they're enjoying them now or aspiring to enjoy them later.

Top Completed ProjectsAlready Making Homeowners Happy

  • Up-to-date kitchen
  • Hardwood flooring
  • Lots of natural light
  • Up-to-date bathrooms
  • Adequate closet/storage space

Top Projects That WouldMake Homeowners Happier

  • Up-to-date bathrooms
  • Up-to-date kitchen
  • Organized closet/storage space
  • Central air conditioning
  • Improved insulation

Top Completed ProjectsAlready Making Homeowners Happy

  • Patio or deck
  • Garden
  • Trees
  • Front porch
  • Fence

Top Projects That WouldMake Homeowners Happier

  • None
  • Professional landscaping
  • Solar energy roofing features
  • New roof
  • Outdoor lighting

It's not just projects and features that make New York's homeowners happy, but also factors such as equity, community and accessibility.

What Makes
Homeowners Happy?

  • Rising home values & equity
  • Ease of travel without a car
  • Easy access to highways
  • Can live & work in close proximity
  • Good municipal services

Overall Home
Happiness

87%

of homeowners consider themselves at least somewhat happy with their homes.

Impact of Home
Equity on Happiness

To Be Happier In My Home
I'd Like To...

58%

of homeowners say they would be happier if they could remodel or add on to their homes.

The results of our Homeowner Happiness Survey suggest that these characteristics describe the average New York home:

  • Homeowners have:2.9 bedrooms

  • Homeowners have:2.0 bathrooms

  • Average time living in home:15 years

  • Average square footage:1,800

  • Age of home:53 years

  • Avg. home price (Feb. '18):1,318,000Powered by Redfin

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Interested in knowing more about what makes homeowners happy - in New York, in other cities, and in the United States as a whole?

Check out the full Homeowner Happiness Report and find out more about our methodology.

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