New York City housing market: home prices and forecast
New York City home prices for New York City, New York: the typical home was worth $825,854 in September 2026, up +4.3% compared with a year earlier, the highest month on record, by the Zillow Home Value Index.
- Typical value of a home
- $825,854September 2026, Zillow ZHVI
- Change over 12 months
- +4.3%. Change since September 2025.
New York City home prices since 2000
New York City is the steel line; the United States is the grey line. From January 2000 onward, the typical New York City home rose from $240,841 to $825,854, ×3.43, while the US saw ×2.99 over the same months. Prices peaked during the boom in September 2006 at $527,557, then reached a low of $447,360 in January 2012, −15.2%.
New York City median home price by year
Each yearly figure averages the twelve monthly values; the 2026 figure covers the latest month.
| Year | New York City | Change on the year | United States |
|---|---|---|---|
| 2000 | $253,247 | $125,745 | |
| 2001 | $286,587 | +13.2% | $134,899 |
| 2002 | $311,618 | +8.7% | $144,276 |
| 2003 | $346,504 | +11.2% | $155,308 |
| 2004 | $390,031 | +12.6% | $169,891 |
| 2005 | $455,079 | +16.7% | $189,732 |
| 2006 | $516,767 | +13.6% | $206,531 |
| 2007 | $521,526 | +0.9% | $208,449 |
| 2008 | $508,825 | −2.4% | $195,574 |
| 2009 | $464,780 | −8.7% | $177,542 |
| 2010 | $450,703 | −3.0% | $171,462 |
| 2011 | $450,672 | 0% | $162,508 |
| 2012 | $454,518 | +0.9% | $161,137 |
| 2013 | $474,940 | +4.5% | $171,420 |
| 2014 | $512,082 | +7.8% | $182,996 |
| 2015 | $546,993 | +6.8% | $192,738 |
| 2016 | $591,229 | +8.1% | $204,509 |
| 2017 | $639,960 | +8.2% | $216,767 |
| 2018 | $688,910 | +7.6% | $230,541 |
| 2019 | $715,269 | +3.8% | $242,088 |
| 2020 | $723,630 | +1.2% | $257,151 |
| 2021 | $748,418 | +3.4% | $295,959 |
| 2022 | $792,575 | +5.9% | $340,014 |
| 2023 | $757,134 | −4.5% | $348,160 |
| 2024 | $762,021 | +0.6% | $359,751 |
| 2025 | $788,662 | +3.5% | $362,959 |
| September 2026 | $825,854 | +4.3% | $366,157 |
What a home bought in New York City in any year is worth now
An index-based estimate of a typical home, not an appraisal.
Each year's figure averages its twelve monthly index values; the current value is September 2026. Other options: home appreciation calculator.
Considering a sale? Compare local agents through Realtor.com. Advertising disclosure: links like this one may earn the site a payment, but no number changes because of it. Disclosure.
New York City housing market forecast
For the New York, NY metro, Zillow's forecast calls for +2.8% over the 12 months beginning in September 2026, plus +0.7% over the coming three months. New York City's typical value stands at $825,854; applied to it, the forecast points to near $849,000 a year on.
The metro figure comes from Zillow's central estimate, repeated here; no forecast of its own appears on the site. Such 12-month forecasts have typically landed several percentage points away from the realised change, in either direction. This is not investment advice.
All metro forecasts in one table: housing market forecast.
New York City housing market crash risk score
Moderate, at 33 of 100.
The ranking compares New York City with the 292 cities using five conditions that were high before earlier price falls. Every input is placed from 0 to 100 by comparison with the other cities, then the five placements are averaged, each with equal weight. Conditions today are what it describes; a crash is not what it predicts.
| Input | Value | Sub-score | Weight |
|---|---|---|---|
| Active listings vs 2019 | −42.3% | 6 | 20% |
| Days on the market vs 2019 | −17.6% | 13 | 20% |
| Price-to-rent ratio | 16.8 | 41 | 20% |
| Price-to-income ratio | 10.2 | 96 | 20% |
| 12-month price change | +4.3% | 10 | 20% |
None of this is investment advice. How each input is scored: methodology. Ranking of all 292 cities: crash risk by city.
New York City: inventory and days on market
In September 2026 the New York, NY metro showed 38,158 homes for sale: +6.3% compared with a year earlier and −42.3% versus September 2019. For a listing, the median time to sell was 56 days (−17.6% against 2019), and price cuts appeared on 10.3% of listings.
| New York, NY metro, September 2026 | Value | On a year |
|---|---|---|
| Active listings | 38,158 | +6.3% |
| New listings | 15,952 | |
| Median days on market | 56 | −3.5% |
| Median list price | $742,000 | −2.3% |
| Share with a price cut | 10.3% |
Source: Realtor.com® Economic Research, inventory data for the metro. Realtor.com dataset. All metros: days on market for every city.
Living costs in New York City
New York City's typical asking rent is $4,089 a month, +5.2% on a year, according to the Zillow Observed Rent Index. Paying that rent for 16.8 years equals the price of the typical home. The median household income comes to $81,228 (Census ACS 2024), which puts the typical home at 10.2 times the annual income. According to BEA, the metro's prices stand at 112.6 versus a US average of 100, with housing costs at 148.6.
The salary needed to move there, along with rent and prices: New York City cost of living.
More housing markets in New York
- Buffalo at $244,068.
- Yonkers at $701,827.
- Rochester, New York $240,168
- In Syracuse: $223,201.
- In Albany: $331,504.
For the whole state: New York housing market.
How to read this chart
For New York City, every point is a Zillow Home Value Index reading: what a typical home in the market's middle third is worth, smoothed and seasonally adjusted, in that month's dollars. The hollow dot picks out the month chosen on the slider, while the terracotta dot marks the most recent month. Inflation is not taken out of these figures, and an index tracks the typical home rather than one particular house: to work out what a single home is worth, take that home's own sale price to the card above it, or enter it in the appreciation calculator.