New York County, New York Housing Market
In New York County, New York, the median home value is $1,090,500, with a median monthly rent of $2,197. This places New York County at #9 nationally out of 3134 counties by median home value, and #1 within New York.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2021
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $3,540
- Establishments: 126,954
- BLS QCEW, 2025
Housing Supply
- Single-family: 1
- Multi-family: 2,983
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 723,116 (avg $298,911)
- Outflow: 716,040 (avg $306,245)
- IRS Statistics of Income
🔗 Explore New York County on Our Sister Sites
Get the complete picture for New York County — financing options and ongoing ownership costs.
💰 Mortgage Guide → 🧾 Property Tax Data →How New York County Compares
| Metric | New York County | New York Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $1,090,500 | $281,200 | $227,706 |
| Median Gross Rent | $2,197 | $1,168 | $968 |
| Owner Occupancy Rate | 25.1% | 69.3% | 73.3% |
| Price/Rent Ratio | 41.4 | 18.4 | 18.7 |
Market Analysis
The median home value in New York County is 287.8% above the New York state average and 378.9% above the U.S. national average. The median rent of $2,197/month is 88.1% above the state average.
With a price-to-rent ratio of 41.4, New York County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
New York County has an owner-occupancy rate of 25.1%, compared to 69.3% in New York and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Alameda County | California | $1,090,100 | $2,357 |
| Summit County | Utah | $1,067,700 | $1,987 |
| Falls Church city | Virginia | $1,055,600 | $2,190 |
| Pitkin County | Colorado | $1,139,100 | $2,004 |
| Santa Cruz County | California | $1,027,500 | $2,264 |
Other Counties in New York
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Kings County | $905,000 | $1,833 | 29.5% |
| Queens County | $723,800 | $1,956 | 44.9% |
| Nassau County | $684,700 | $2,252 | 81.9% |
| Richmond County | $675,500 | $1,733 | 67.7% |
| Westchester County | $663,200 | $1,951 | 61.8% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).