Home Values

New York Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$562,800

  • 5.2% 1-year change
  • 1.6% 1-year forecast

Market temperature 

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Hot
Buyers' Market
Sellers' Market

The median home value in New York is $562,800. New York home values have gone up 5.2% over the past year and Zillow predicts they will rise 1.6% within the next year. The median rent price in New York is $2,595, which is higher than the New York Metro median of $2,500.

Foreclosures will be a factor impacting home values in the next several years. In New York 0.6 homes are foreclosed (per 10,000). This is lower than the New York Metro value of 1.9 and also lower than the national value of 3.8

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in New York is 16.5%, which is higher than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of New York homeowners underwater on their mortgage is 9.7%, which is lower than New York Metro at 12.4%.

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Relative ZHVI
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New York Market Overview

Data through Jun 30, 2015
  • $562,800 ZHVI
  • 1.6% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jun 30, 2016)
  • No data Median listing price
  • $528,147 Median sale price
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New York Market Health

Data through Jun 30, 2015
  • 9.4/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 9.7% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 16.5% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

1 New York
2 New York Metro
4 United States
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Nearby Cities

Name Median ZHVI
Hoboken $514,700
Weehawken $478,000
Edgewater $441,200
Name Median ZHVI
Cliffside Park $381,300
Jersey City $275,500
North Bergen $269,100
Name Median ZHVI
West New York $266,400
Union City $251,200
Guttenberg $232,200

Listings & Sales

Data through Jun 30, 2015
  • No recent data Median list price / sq ft
  • $464 Median sale price / sq ft
  • No data Listings with price cut
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New York Rentals

Data through Jun 30, 2015
  • Zillow Rent Index

  • $2,193 New York
    $2,340 New York Metro
    $1,369 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 4.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • $2,595 Rent list price
  • $3.38 Rent list price / sq ft
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