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

$253,700

  • 4.3% 1-year change
  • 1.7% 1-year forecast

The median home value in New York is $253,700. New York home values have gone up 4.3% over the past year and Zillow predicts they will rise 1.7% within the next year. The median price of homes currently listed in New York is $320,000. The median rent price in New York is $2,395.

Foreclosures will be a factor impacting home values in the next several years. In New York 1.7 homes are foreclosed (per 10,000). This is lower than the national value of 4.3

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 Aug 31, 2014
  • $253,700 ZHVI
  • 1.7% 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
    (Aug 31, 2015)
  • $320,000 Median listing price
  • No data Median sale price
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New York Market Health

Data through Aug 31, 2014
  • 6.4/10 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 recent data Average days on Zillow
  • 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)

1.7 homes New York
4.3 homes United States
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Cities in New York

Name Median ZHVI Name Median ZHVI Name Median ZHVI
New Rochelle $600,600 New York $539,500 Yonkers $379,600
Mount Vernon $371,900 Town of Poughkeepsie $199,000 Town of Colonie $197,700
Albany $153,600 Town of Greece $120,300 Rochester $62,400

Listings & Sales

Data through Aug 31, 2014
  • $178 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 34.5% Listings with price cut
16.1%
Sold below listing
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New York Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $1,901 New York
    $1,328 United States

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

  • No data Breakeven horizon
  • $2,395 Rent list price
  • No data Rent list price / sq ft
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