New York housing market: home prices by city and forecast
For New York home prices, the Zillow Home Value Index valued a typical property at $524,942 in September 2026, up 5.6% from a year earlier.
- Value of a typical home
- $524,942September 2026, Zillow ZHVI
- Change over 12 months
- +5.6%US +1.2%
- Change over 10 years
- +80.9%US +77.4%
- Multiple from 2000
- ×3.46US ×2.99
- Home price compared with income
- 6.1. The median income is $85,820.
In highest-first rankings for the 50 states plus DC, the typical home value is 9th, the 12-month change is 1st, growth since 2000 is 8th of 47, and price to income is 5th.
New York home prices since 2000
In January 2000, a typical New York home was worth $151,925. The value later reached $524,942, with the highest monthly figure of $524,942 recorded in September 2026.
| Decade | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2000s | $156,996 | $170,073 | $185,768 | $205,639 | $227,910 | $254,366 | $277,072 | $282,707 | $279,766 | $265,587 |
| 2010s | $261,485 | $255,308 | $252,189 | $257,779 | $267,260 | $275,858 | $288,314 | $304,631 | $324,096 | $341,235 |
| 2020s | $358,015 | $396,845 | $432,567 | $441,605 | $470,654 | $493,489 |
New York home prices since 1975: the FHFA index
FHFA's repeat-sales index placed New York at 1450 in 2025 (1975 = 100). In Q2 2026, the index had risen 5.3% over the prior year.
Owners reported these New York housing values in the Census of Housing: $4,389 in 1940 and $148,700 in 2000.
| Census year | New York median value | US median value |
|---|---|---|
| 1940 | $4,389 | $2,938 |
| 1950 | $10,152 | $7,354 |
| 1960 | $15,300 | $11,900 |
| 1970 | $22,500 | $17,000 |
| 1980 | $45,600 | $47,200 |
| 1990 | $131,600 | $79,100 |
| 2000 | $148,700 | $119,600 |
These amounts have no inflation adjustment. Census of Housing tables
Home prices in New York by city
Pages are available for 6 cities, listed from largest to smallest:
| City | Value of a typical home | Change over 12 months | Multiple from 2000 |
|---|---|---|---|
| New York City | $825,854 | +4.3% | ×3.43 |
| Buffalo | $244,068 | +2.6% | ×3.28 |
| Yonkers | $701,827 | +7.3% | ×3.29 |
| Rochester, New York | $240,168 | +4.7% | |
| Syracuse | $223,201 | +5.5% | ×3.51 |
| Albany | $331,504 | +4.2% | ×3.06 |
| Schenectady | $331,463 | +5.1% | |
| White Plains | $801,563 | +6.5% | |
| Binghamton | $190,913 | +4.8% | |
| New Rochelle | $941,136 | +7.5% | |
| Mount Vernon | $593,663 | +4.7% | |
| Utica | $210,433 | +5.9% | |
| Troy | $298,947 | +4.8% | |
| Spring Valley | $887,180 | +4.4% | |
| Brentwood | $638,312 | +5.5% |
Source: Zillow Home Value Index, September 2026.
New York price outlook: forecasts for metro areas
Zillow's 12-month forecasts, set in September 2026 for 5 New York metro areas, range between +2.6% and +5.2%:
| Metro | Next 3 months | Next 12 months |
|---|---|---|
| New York, NY | +0.7% | +2.8% |
| Buffalo, NY | +1.5% | +2.6% |
| Rochester, NY | +1.9% | +4.2% |
| Syracuse, NY | +2.1% | +5.2% |
| Albany, NY | +1.4% | +3.7% |
This is Zillow's estimate, not investment advice.
Living costs in New York
New York's overall price level is 107.9 (US 100), including housing at 122.2, goods at 107.3, utilities at 134.4, and other services at 104.1 (BEA). Based on Census ACS 2024, median household income is $85,820, median gross rent is $1,634 a month, 54% of homes are owner-occupied, and the median year built is 1959.
Every state: cost of living in each state; city pages: New York City, Buffalo page, Rochester, New York, Syracuse page, Albany page.
How to read this chart
Dollars are used in the first chart, which reaches its peak of $524,942 in September 2026. The second chart uses an index. Its New York line ends at 1450, placing local prices at 14.5 times the 1975 level. Both charts are not adjusted for inflation.