New York Average Home Price by City (2026)

The average home price in New York (NY) is about $338,000 — the 2026 median, at ~$247/sq ft — 15% more expensive than the typical U.S. home.

$338,000
New York median value
$247
Median price / sq ft
~1,370
sq ft a median budget buys
+15%
vs U.S. median
New York — $781,000New YorkBuffalo — $265,000BuffaloRochester — $269,000RochesterSyracuse — $224,500Albany — $335,000AlbanySchenectady — $298,500White Plains — $813,000White Plains

Shaded by price · click a city to explore. Colour = median home value.

Considering a move to New York?

Housing in New York is 15% more expensive than the national average, with a typical home around $338,000 and a local rate near $247 per square foot. Among the 15 New York cities we track, Great Neck is the most expensive (median $1,586,000) and Niagara Falls is the most affordable (median $137,000) — so where you land in the state matters as much as the state itself.

Browse New York cities

Great Neck$1,586,000White Plains$813,000New Rochelle$808,000New York$781,000Yonkers$683,000Mount Vernon$565,000Albany$335,000Schenectady$298,500Troy$271,000Rochester$269,000Buffalo$265,000Syracuse$224,500Binghamton$193,000Elmira$142,000Niagara Falls$137,000

See the cheapest (and most expensive) places to live in New York.

Don’t see your city? Use the free Home Value Estimator for any U.S. ZIP, see the most expensive ZIP codes in America, or browse the full U.S. directory.

Salary needed to buy a home in New York

To buy the typical $338,000 home in New York with 20% down, you need a household income of roughly $92,000 a year (about $2,150 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $109,000, because the loan is bigger and mortgage insurance kicks in.

Down paymentCash downMonthly paymentIncome needed
5% (+PMI)$16,900$2,670/mo$114,000/yr
10% (+PMI)$33,800$2,550/mo$109,000/yr
20%$67,600$2,150/mo$92,000/yr

Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.

What your budget buys in New York

At about $247 per square foot, here is roughly how much home different budgets get you in New York:

BudgetApprox. sizeWhat that looks like locally
$200k810 sq ftbelow the local median — condos, smaller or older homes
$250k1010 sq ftbelow the local median — condos, smaller or older homes
$300k1210 sq ftaround the typical home here
$400k1620 sq ftaround the typical home here
$500k2020 sq ftabove the median — larger homes or the pricier ZIPs

Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens filtered to New York so you can compare your current home against every New York city we track.

New York home prices: frequently asked

What salary do you need to buy a house in New York? +
For the typical $338,000 home in New York, a household income of about $92,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $109,000; with 5% down about $114,000.
What is the average home price in New York? +
The average home price in New York is about $338,000 as of 2026, at roughly $247 per square foot — 15% more expensive than the U.S. median of $294,000. That figure is the statewide median across the ZIP codes we track, which is what most price reports mean by the average.
What is the median home price in New York (NY)? +
About $338,000 in 2026. The median is the mid-point home — half of homes cost more, half less — and it is the better yardstick than a true mean, which a handful of luxury sales can drag upward. At $247/sq ft, a median budget in New York buys roughly 1,370 sq ft of home.
Where is New York most and least expensive? +
Among the 15 New York cities tracked here, Great Neck is the priciest (median $1,586,000) and Niagara Falls is the most affordable (median $137,000). ZIP-level prices within one city vary further, so check the city page for your area.