New York housing market
Typical home value
$525K
▲ 5.6% 1 yr
5-year change
+30%
U.S. +20%
Median city rent
$2,746/mo
47 cities
Unemployment rate
4.3%
Median household income
$87K
2025
Key takeaways
- 1The typical home in New York is worth $524,942, up 5.6% in a year and up 30% over five years. That's the #9 most expensive of 51.
- 2Across 47 cities with rent data, median typical rent is $2,746/mo, roughly a 6.3% gross yield on the typical home.
- 3Median household income was $86,900 in 2025, so the typical home costs 6.0× income.
- 4Unemployment is 4.3% (−0.3 pts in a year).
Home values
Source: Zillow Research (ZHVI, ZORI and market activity data).
Source: FRED, Federal Reserve Bank of St. Louis. Quarterly, all-transactions index.
New York metro areas
New York, NY
$731K home$3,546 rent5.8% yield
▲ 4.9% 1 yr
Buffalo, NY
$287K home$1,451 rent6.1% yield
▲ 3.6% 1 yr
Rochester, NY
$281K home$1,532 rent6.5% yield
▲ 4.9% 1 yr
Albany, NY
$373K home$1,693 rent5.4% yield
▲ 5.0% 1 yr
Syracuse, NY
$269K home$1,627 rent7.3% yield
▲ 6.6% 1 yr
Utica, NY
$231K home$1,424 rent7.4% yield
▲ 5.8% 1 yr
Binghamton, NY
$203K home$1,610 rent9.5% yield
▲ 6.9% 1 yr
Kingston, NY
$452K home$2,015 rent5.4% yield
▲ 3.6% 1 yr
Jamestown, NY
$181K home$1,078 rent7.2% yield
▲ 4.8% 1 yr
Watertown, NY
$234K home$1,496 rent7.7% yield
▲ 6.0% 1 yr
Ithaca, NY
$350K home$1,987 rent6.8% yield
▲ 3.5% 1 yr
Corning, NY
$172K home$1,274 rent8.9% yield
▲ 4.1% 1 yr
Elmira, NY
$167K home$1,143 rent8.2% yield
▲ 6.7% 1 yr
Hudson, NY
$490K home$2,210 rent5.4% yield
▲ 5.6% 1 yr
Oneonta, NY
$220K home$1,931 rent10.5% yield
▲ 5.5% 1 yr
Cortland, NY
$210K home$1,150 rent6.6% yield
▲ 6.3% 1 yr
New York cities
47 cities, largest first. Click a column to sort.
47 cities
| New York | $826K | ▲ 4.3% | $4,089 | ▲ 5.2% | 5.9% |
| Buffalo | $244K | ▲ 2.6% | $1,421 | ▲ 3.4% | 7.0% |
| Rochester | $240K | ▲ 4.7% | $1,454 | ▲ 3.5% | 7.3% |
| Yonkers | $702K | ▲ 7.3% | $2,765 | ▲ 7.7% | 4.7% |
| Syracuse | $223K | ▲ 5.5% | $1,566 | ▲ 3.6% | 8.4% |
| Schenectady | $331K | ▲ 5.1% | $1,517 | ▲ 2.6% | 5.5% |
| Albany | $332K | ▲ 4.2% | $1,664 | ▲ 5.4% | 6.0% |
| White Plains | $802K | ▲ 6.5% | $3,301 | ▲ 5.6% | 4.9% |
| Binghamton | $191K | ▲ 4.8% | $1,838 | ▲ 6.2% | 11.6% |
| New Rochelle | $941K | ▲ 7.5% | $2,995 | ▲ 4.9% | 3.8% |
| Mount Vernon | $594K | ▲ 4.7% | $2,639 | ▼ 0.8% | 5.3% |
| Utica | $210K | ▲ 5.9% | $1,392 | ▲ 4.5% | 7.9% |
| Troy | $299K | ▲ 4.8% | $1,473 | ▲ 7.4% | 5.9% |
| Middletown | $417K | ▲ 3.9% | $2,442 | ▲ 6.5% | 7.0% |
| Niagara Falls | $173K | ▲ 4.2% | $1,180 | ▲ 5.9% | 8.2% |
| Newburgh | $404K | ▲ 4.3% | $1,939 | ▲ 2.2% | 5.8% |
| Williamsville | $417K | ▲ 4.4% | $2,144 | ▲ 4.7% | 6.2% |
| Webster | $394K | ▲ 4.9% | $1,795 | ▲ 0.6% | 5.5% |
| Lockport | $271K | ▲ 5.1% | $1,025 | ▲ 6.5% | 4.5% |
| Watertown | $206K | ▲ 4.5% | $1,546 | ▲ 7.9% | 9.0% |
| Patchogue | $603K | ▲ 4.8% | $2,746 | ▲ 9.5% | 5.5% |
| Fairport | $403K | ▲ 4.6% | $1,706 | ▼ 0.8% | 5.1% |
| Great Neck | $1.48M | ▲ 6.2% | $4,894 | ▲ 4.2% | 4.0% |
| Hicksville | $787K | ▲ 4.9% | $4,058 | ▲ 1.9% | 6.2% |
| Saratoga Springs | $657K | ▲ 7.0% | $2,165 | ▲ 5.8% | 4.0% |
| Ronkonkoma | $651K | ▲ 6.0% | $3,005 | ▲ 8.2% | 5.5% |
| Wappingers Falls | $504K | ▲ 4.9% | $2,787 | ▲ 8.6% | 6.6% |
| Huntington | $912K | ▲ 3.3% | $3,724 | ▲ 1.1% | 4.9% |
| Ballston Spa | $431K | ▲ 4.8% | $2,001 | ▲ 4.4% | 5.6% |
| Coram | $574K | ▲ 6.7% | $3,107 | ▲ 7.0% | 6.5% |
| Port Washington | $1.29M | ▲ 8.3% | $4,354 | ▲ 14.3% | 4.0% |
| Long Beach | $807K | ▲ 4.9% | $3,563 | ▲ 6.1% | 5.3% |
| Glen Cove | $827K | ▲ 7.3% | $3,702 | ▲ 8.1% | 5.4% |
| Peekskill | $516K | ▲ 4.5% | $2,938 | ▲ 6.0% | 6.8% |
| Nanuet | $642K | ▲ 5.0% | $3,276 | ▲ 3.4% | 6.1% |
| Cohoes | $339K | ▲ 2.1% | $1,865 | ▲ 6.0% | 6.6% |
| Mineola | $834K | ▲ 4.4% | $3,886 | ▲ 4.9% | 5.6% |
| Rensselaer | $316K | ▲ 3.5% | $1,877 | ▲ 1.3% | 7.1% |
| Watervliet | $320K | ▲ 3.4% | $1,519 | ▲ 6.7% | 5.7% |
| East Hampton | $2.15M | ▲ 3.3% | $39,395 | ▲ 7.2% | 22.0% |
| Beacon | $572K | ▲ 6.5% | $2,645 | ▲ 11.0% | 5.6% |
| Nyack | $772K | ▲ 7.4% | $2,776 | ▲ 1.3% | 4.3% |
| Hampton Bays | $950K | ▲ 6.1% | $3,484 | ▲ 9.5% | 4.4% |
| Dobbs Ferry | $1.04M | ▲ 11.5% | $3,629 | ▲ 14.8% | 4.2% |
| Southampton | $2.26M | ▲ 7.6% | $35,296 | ▲ 22.1% | 18.8% |
| Sleepy Hollow | $1.05M | ▲ 10.5% | $4,375 | ▲ 6.9% | 5.0% |
| Sag Harbor | $2.31M | ▲ 5.8% | $49,398 | ▲ 10.1% | 25.6% |
Landlord law in New York
New York landlord-tenant rules
Deposit limit: 1 month's rent for unregulated units (since 2019). Return deadline, late fees, notice periods and sources →
Data refreshed Oct 26, 2026.