Similar to other places in this area, it's somewhat more expensive compared to the entire country. Compared to the city of New York however, it is substantially less expensive.
Home prices
The median home in Pawling is valued at $276,100. This is about $4,960 (1%) higher compared to its nearby areas.It is about $58,600 (26%) higher compared to the nation as a whole, and compared to the city of New York it is approximately $329,900 (54%) lower.
Rents
Pawling's median rent is $906 a month. This is roughly $470 (34%) lower in comparison to its nearby areas.Compared to the entire country it is about $156 (14%) lower, and is about $537 (37%) lower compared to the city of New York.
Nearby places
Putnam Lake
Putnam Lake is approximately 6 miles south of Pawling. Housing prices there are a bit less expensive. The median home in Putnam Lake costs $235,300, which is $40,800 (17%) lower than Pawling. Its rents are a lot more expensive. In Putnam Lake the median rent is $1,647 per month, which is $741 (44%) higher than Pawling.
Lake Carmel
Lake Carmel is approximately 7 miles southwest from Pawling. Housing prices there are similar. The median home cost in Lake Carmel is $277,500, which is very similar to Pawling. The rent there is significantly more expensive. In Lake Carmel the median monthly rent is $1,808, which comes out to $902 (49%) higher than Pawling.
New Milford
New Milford is approximately 8 miles east from Pawling. Its real estate prices are somewhat less expensive. The median home in New Milford is valued at $233,400, which comes out to $42,700 (18%) lower than Pawling. Rents there are somewhat more expensive. The median rent in New Milford is $1,162 per month, which works out to $256 (22%) higher than Pawling.
Hopewell Junction
Hopewell Junction is about 9 miles west of Pawling. Its real estate prices are a bit less expensive. The value of the median home in Hopewell Junction is $251,700, which works out to $24,400 (9%) lower than Pawling. The rent there is a little more expensive. Hopewell Junction's median rent is $1,098 per month, which works out to $192 (17%) higher than Pawling.
Carmel Hamlet
Carmel Hamlet is roughly 10 miles south from Pawling. Real estate prices there are a bit more expensive. The median home in Carmel Hamlet is valued at $357,800, which works out to $81,700 (22%) higher than Pawling. Rents there are a little more expensive. In Carmel Hamlet the median rent is $1,163 per month, which works out to $257 (22%) higher than Pawling.
