New York Housing Market

Price & Demand Distribution

$1,118,052

$4,756

Momentum & Risk Signals

20.8%

1.9%

0.0%

9.4%

How New York compares

Median across the ZIP codes tracked in each state, on identical definitions.

State	Median home value	Median rent		State income tax	ZIPs tracked
New York	$1,118,052	$4,756	20.8%	10.9% top rate	53
California	$911,968	$2,738	14.6%	13.3% top rate	96
Washington	$790,152	$2,290	25.0%	None	24
Massachusetts	$788,761	$3,209	20.7%	5% flat	29
Florida	$602,196	$2,736	13.3%	None	30
Georgia	$378,382	$1,891	17.9%	5.39% flat	28
Illinois	$335,515	$1,862	28.6%	4.95% flat	56
Texas	$296,043	$1,594	25.3%	None	186

Income tax is the top marginal rate on wages for the 2025 tax year, from the New York State Department of Taxation and Finance. A flat rate and a graduated top rate are not the same measure, so the structure is named alongside it.

State vs Tracked-Market Average

+75.40%

+95.10%

-23.5

-0.10%

Data availability vs average

-23.20%

Across 53 measured ZIP markets in New York, the median ZIP home value is $1,118,052 and the median ZIP rent is $4,756. 20.8% of measured ZIP markets show softer conditions. 1.9% of measured ZIP markets show rising price-cut pressure.

Key stats

20.8% of measured ZIP markets show softer conditions.
1.9% of measured ZIP markets show rising price-cut pressure.
The middle ZIP home value is +75.4% versus the tracked-market benchmark.
Month over month, the median ZIP market moved -7.3% on inventory and +9.3% on buyer competition.
The middle ZIP rent is +95.1% versus the tracked-market benchmark.

Measured ZIP markets: 53
Median ZIP home value: $1,118,052
Median ZIP rent: $4,756
Median buyer competition: 24

Price and rent across local markets

The middle ZIP home value is +75.4% versus the tracked-market benchmark. The middle ZIP rent is +95.1% versus the tracked-market benchmark. The middle half of tracked ZIP home values runs from $775,794 to $1,458,295. The middle half of tracked ZIP rents runs from $3,918 to $5,267. Buyer competition across local ZIP markets runs from 17 at the 25th percentile to 40 at the 75th.

How broadly conditions are changing

20.8% of measured ZIP markets show softer conditions. 1.9% of measured ZIP markets show rising price-cut pressure. 1.9% of measured ZIP markets show a recent inventory spike. Month over month, the median ZIP market moved -7.3% on inventory and +9.3% on buyer competition. 0.0% of measured ZIP markets show accelerating new-listing supply. 9.4% of measured ZIP markets show accelerating pending demand. The share of softening ZIP markets here is -0.1% versus the tracked-market benchmark.

Continue your market research

New York County marketContinue from the regional view to a more specific local market.

Sources and method

HomeMarketCap.com data sources: local housing-market datasets
HomeMarketCap.com methodology: regional aggregation rules

Figures are updated monthly by the HomeMarketCap.com team under our editorial policy. Spotted something wrong? Report a correction.

Area profile & market context

Population

1,618,958

Population density

32,454 / sq mi