In short
The median value of owner-occupied homes is $449,800 in New York State and $778,600 in New York City, against $360,600 nationwide (Census ACS 2024). On the FHFA index, New York State prices up 3.5% and New York–Jersey City–White Plains prices up 5.6% from Q2 2025 to Q2 2026.
Co-ops and condos. New York City has many co-op apartments. The ACS question says “apartment” and the Census definition of value names houses, mobile homes and condominium units. The Census documentation we read does not break out co-ops separately, so we cannot say how many co-op owners are in the figures. What we can say is that the median mixes houses, condos and apartments, and that the table does not tell you the price of one type. The Attorney General explains how the two ownership forms differ on our page about buying a home in New York City.
What it costs: median value in 2024
| Area | Median value, 2024 | Margin of error (90%) |
|---|---|---|
| New York County (Manhattan) | $1,105,600 | ±$54,019 |
| Kings County (Brooklyn) | $912,500 | ±$17,056 |
| New York City | $778,600 | ±$8,906 |
| Queens County | $720,300 | ±$13,193 |
| Nassau County | $704,400 | ±$7,791 |
| Richmond County (Staten Island) | $682,300 | ±$12,321 |
| New York–Newark–Jersey City, NY-NJ metro area | $648,800 | ±$2,533 |
| Suffolk County | $626,300 | ±$4,881 |
| Bronx County | $567,700 | ±$17,490 |
| New York State | $449,800 | ±$3,718 |
| United States | $360,600 | ±$618 |
Source: Census ACS 2024, table B25077; owners’ own estimates, not sale prices.
Three points stand out:
- The New York State median is $89,200 above the national median.
- The city of New York sits $328,800 above the state median and $129,800 above the metro-area median. Manhattan and Brooklyn pull the city up, while the Bronx is the lowest of the five boroughs.
- Margins of error are wide for some counties. Manhattan’s (±$54,019) is the widest, so its true median could be well above or below the published figure.
How prices have moved: the FHFA index
| Area | 1-year change (Q2 2025 to Q2 2026) | 5-year change (Q2 2021 to Q2 2026) |
|---|---|---|
| United States | +2.1% | +33.4% |
| New York State | +3.5% | +44.0% |
| New York–Jersey City–White Plains metro division (NY-NJ) | +5.6% | +41.7% |
Source: FHFA HPI, purchase-only, Q2 2026 (release of August 25, 2026); changes by Payotte.
New York prices rose faster than the nation’s over the past year, and over five years the state gained 44.0% against 33.4% for the United States. The metro division includes parts of New Jersey as well as New York City, so it is not the same area as the city itself.
A worked example
Take a home worth $500,000 in the second quarter of 2021. Tracking the New York–Jersey City–White Plains index exactly, it would have been worth about $708,500 in the second quarter of 2026 (+41.7%). Over the last year alone, it would have gained about $26,900 (+5.6%). A single home can differ widely from the index.
How to use these figures when buying
Closing costs come on top: our New York closing costs guide covers who pays what, and buying a home in New York City applies these numbers to the city, including property tax. Property tax rules are in our New York property tax guide. First-time buyers can also check the New York first-time buyer programs.
Method and dataset
ACS median value. U.S. Census Bureau, American Community Survey, 1-Year Estimates, vintage 2024, table B25077 “Median Value (Dollars)”, estimate with margin of error. Geographies: United States (0100000US), New York (0400000US36), New York city (1600000US3651000), New York–Newark–Jersey City, NY-NJ metro area (310M700US35620), and the counties Bronx (36005), Kings (36047), New York (36061), Queens (36081), Richmond (36085), Nassau (36059) and Suffolk (36103), each with the prefix 0500000US. Read through the data.census.gov API on October 13, 2026, one geography per request. The definition of value comes from the ACS 2024 Subject Definitions.
FHFA index. FHFA HPI (purchase-only, seasonally adjusted), state series (New York), metro series (New York–Jersey City–White Plains, NY-NJ metro division, code 35614) and U.S. series. Index values used: New York 414.05 (Q2 2025), 297.70 (Q2 2021) and 428.68 (Q2 2026); New York–Jersey City–White Plains 443.81, 330.66 and 468.55; United States 426.58, 326.58 and 435.69.
Frequently asked questions
What is the median home value in New York State?
New York State’s 2024 ACS median home value is $449,800 (±$3,718), against $360,600 for the nation: owners’ own estimates, not sale prices.
What is the median home value in New York City?
For New York City, the 2024 ACS median value is $778,600 (±$8,906). By county, Manhattan is at $1,105,600, Brooklyn at $912,500, Queens at $720,300, Staten Island at $682,300 and the Bronx at $567,700.
Does the ACS median include co-ops?
The ACS asks owners about their “house and lot, apartment, or mobile home”. The Census documentation names condominium units but does not break out co-ops, so we cannot give a separate co-op figure from this table.
Are New York home prices going up or down?
FHFA’s purchase-only index shows New York State prices rose 3.5% over the year to Q2 2026, and the New York–Jersey City–White Plains area rose 5.6%. Over five years, they rose 44.0% and 41.7%.
How New York compares with the other States
New York ranks 12th of 50 for median home value ($449,800), 25% above the national $360,600.
The States closest in median value are Idaho ($446,400) and Nevada ($455,500). The range runs from $170,800 in West Virginia to $875,900 in Hawaii; New York is $110,300 above the middle of that ranking (Wyoming).
On the FHFA index, New York prices rose 3.5% over the year to the second quarter of 2026, which places the State 18th of 50, 1.4 points ahead of the national +2.1%. Over five years the gain is +44% (9th of 50; nation +33.4%).
New York sits in the middle of the pack on at least one of the two measures: 12th for the level, 18th for the one-year change.
Over five years, New York's +44% annualises to +7.6% a year (nation +5.9%). The latest year (+3.5%) is 4.1 points under that average, a slower pace than the five-year average.
New York City, the main city, has a median of $778,600, 5th of the 49 main cities Payotte covers. That is 73% above the New York median, a premium that ranks 4th of 49.
The one-year FHFA change runs from -1.2% in New Mexico to +8.3% in Alaska. New York (+3.5%) is 4.8 points below the top and 4.7 above the bottom; Indiana (+3.5%) and Massachusetts (+3.6%) are the nearest to it.
For scale, 20% of the New York median is $89,960, against $72,120 at the national median.
Compare with the other states: Median home price by state.
More New York guides
- Closing costs in New York: what buyers and sellers pay
- New York transfer tax: state, NYC and mansion tax
- Property tax in New York: rates, STAR and how to contest
- New York seller disclosure: the property condition statement
- Do you need a real estate attorney in New York?
- How foreclosure works in New York: a court process
- New York first-time buyer programs: SONYMA and HomeFirst
- How to verify a real estate license in New York
- Tenant rights in New York: deposits, rent limits, good cause
Sources
- Census Bureau, ACS 1-Year 2024, table B25077 (consulted October 13, 2026)
- Census Bureau, 2025 ACS release schedule (consulted October 13, 2026)
- American Community Survey 2024 Subject Definitions (U.S. Census Bureau) (consulted October 13, 2026)
- FHFA news release, August 25, 2026 (consulted October 13, 2026)
- FHFA HPI datasets (quarterly, purchase-only) (consulted October 13, 2026)