New York Home Prices & Values

$254,400 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 4.4% 1-year change
  • -0.0% 1-year forecast

The median home value in New York is $254,400. New York home values have gone up 4.4% over the past year and Zillow predicts they will fall -0.0% within the next year. The median price of homes currently listed in New York is $325,000.

Foreclosures will be a factor impacting home values in the next several years. In New York 1.6 homes are foreclosed (per 10,000). This is lower than the national value of 4.4

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 15.3%, which is higher than the national value of 6.9%. 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 12.4%.

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Relative ZHVI
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New York Market Overview

Data through Jul 31, 2014
  • $254,400 ZHVI
  • -0.0% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $325,000 Median listing price
  • No data Median sale price
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New York Market Health

Data through Jul 31, 2014
  • 7.0/10 Healthy What's This?  
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    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.

  • 142 Average days on Zillow (Jun 30, 2014)
  • 12.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 15.3% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

1.6 homes New York
4.4 homes United States
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Cities in New York

Name Median ZHVI Name Median ZHVI Name Median ZHVI
New Rochelle $573,900 New York $513,500 Yonkers $375,500
Mount Vernon $357,100 Town of Colonie $202,000 Town of Poughkeepsie $198,900
Albany $152,300 Town of Greece $117,900 Rochester $60,600

Listings & Sales

Data through Jul 31, 2014
  • $179 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 33.0% Listings with price cut
15.7%
Sold below listing
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New York Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,888 New York
$1,318 United States
  • No data Breakeven horizon
  • No data Rent list price
  • No data Rent list price / sq ft
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