New York County, New York home prices
Typical home $1,247,381 · +3.2% in a year · property tax 0.92%
The typical home in New York County is worth $1,247,381, 138% more than the New York typical home ($524,942). Values changed +3.2% in the past year and -10.3% over five years. Homeowners here pay a median 0.92% of their home's value in property tax each year ($11,440 on the typical home), versus 1.42% statewide.
Mortgage on the typical New York County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $249,476 | $997,905 | $6,713 | $0 | $1,577 | $8,290 | $355,300 |
| 10% down | $124,738 | $1,122,643 | $7,552 | $468 | $1,577 | $9,597 | $411,300 |
| 5% down | $62,369 | $1,185,012 | $7,972 | $494 | $1,577 | $10,042 | $430,400 |
| 3.5% down (FHA) | $43,658 | $1,224,788 | $8,239 | $552 | $1,577 | $10,368 | $444,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.92% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in New York · part of the New York metro area.
New York counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Kings County | $962,988 | +5.3% | 0.71% |
| Westchester County | $877,732 | +7.8% | 1.51% |
| Nassau County | $851,504 | +5.8% | 1.46% |
| Rockland County | $758,178 | +5.2% | 1.68% |
| Queens County | $745,223 | +4.8% | 0.87% |
| Suffolk County | $729,701 | +4.0% | 1.73% |
| Richmond County | $724,119 | +5.2% | 0.92% |
| Putnam County | $575,184 | +5.5% | 2.12% |
| Dutchess County | $504,887 | +5.7% | 1.89% |
| Bronx County | $503,721 | +5.8% | 1.03% |
Frequently asked questions
What is the average home price in New York County, NY?
The typical home value in New York County is $1,247,381 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in New York County?
About $355,300 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in New York County?
The median effective rate is 0.92% of home value a year (Census ACS 2024 5-year estimates).