New York Housing Market Trends
Real-time market data powered by Zillow Research. Last updated: 2026-03-03
Is Now a Good Time to Buy in New York?
The New York housing market is showing balanced conditions.
home values have grown a moderate 4.2% year-over-year. there are currently 1,840 homes on the market.
Median Home Value
$498,438
Zillow Home Value Index
Year-over-Year
+4.2%
Home value change
5-Year Change
+34.4%
Since 2021
Median Rent
$1,532/mo
Zillow Observed Rent Index
Active Listings
1,840
Homes for sale
Home Value Trends
5-year Zillow Home Value Index (ZHVI) for New York vs. national average. ZHVI reflects the typical home value in the 35th-65th percentile range.
Rent Trends
Average rent in New York: $1,532/mo (+4.1% YoY)
Rent vs. Buy Analysis
With a median home value of $498,438 and average rent of $1,532/mo, the price-to-rent ratio in New York is 27.1. A ratio above 21 suggests renting may be more cost-effective.
Run Full Rent vs. Buy CalculatorTop Markets in New York
Explore housing data for 12 metro areas in New York. Click any market for detailed trends and analysis.
New York, NY
$703,126
Avg rent: $3,232/mo
Hudson, NY
$452,332
Avg rent: $2,257/mo
Kingston, NY
$422,290
Avg rent: $2,151/mo
Albany, NY
$349,818
Avg rent: $1,617/mo
Ithaca, NY
$335,088
Avg rent: $2,096/mo
Glens Falls, NY
$292,041
Avg rent: $1,409/mo
Buffalo, NY
$268,849
Avg rent: $1,365/mo
Rochester, NY
$261,753
Avg rent: $1,632/mo
Syracuse, NY
$245,046
Avg rent: $1,586/mo
Auburn, NY
$216,154
Utica, NY
$213,496
Avg rent: $1,387/mo
Plattsburgh, NY
$212,670
Continue Learning About New York
Market data provided by Zillow Research. Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) are trademarks of Zillow, Inc.