Sullivan County, New York Housing Market

In Sullivan County, New York, the median home value is $249,000, with a median monthly rent of $1,106. This places Sullivan County at #897 nationally out of 3134 counties by median home value, and #22 within New York.

Median Home Value $249,000
Median Rent $1,106/mo
Owner Occupancy 67.4%
Price/Rent Ratio 18.8

📈 Price Trend (2017 → 2024)

📊 Recent Market Momentum (FHFA HPI)

FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025

💡 Year-over-Year Trend: Home prices in Sullivan County rose +2.3% year-over-year as of 2025. (Source: FHFA)

📍 Economic Snapshot

💼

Employment & Wages

25,221
jobs (private sector)
  • Avg weekly wage: $1,039
  • Establishments: 2,190
  • BLS QCEW, 2025
🏗️

Housing Supply

568
new units authorized (2025)
  • Single-family: 474
  • Multi-family: 94
  • U.S. Census Bureau, Building Permits Survey
🚚

Migration Patterns

+1634
net migration (filers, 2021-2022)
  • Inflow: 31,082 (avg $74,466)
  • Outflow: 29,448 (avg $74,680)
  • IRS Statistics of Income

📍 Sub-Market Activity

Top 2 active ZIP codes in Sullivan County · Latest: 2025

# ZIP Code HPI YoY Change Latest Year
1 12701 407.8 +13.21% 2025
2 12754 315.0 +9.52% 2025

Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.

How Sullivan County Compares

MetricSullivan CountyNew York AverageU.S. Average
Median Home Value $249,000 $281,200 $227,706
Median Gross Rent $1,106 $1,168 $968
Owner Occupancy Rate 67.4% 69.3% 73.3%
Price/Rent Ratio 18.8 18.4 18.7

Market Analysis

The median home value in Sullivan County is 11.5% below the New York state average and 9.4% above the U.S. national average. The median rent of $1,106/month is 5.3% below the state average.

With a price-to-rent ratio of 18.8, the buy-vs-rent decision in Sullivan County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.

Sullivan County has an owner-occupancy rate of 67.4%, 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

CountyStateMedian Home ValueMedian Rent
Meeker County Minnesota $249,000 $904
Stone County Missouri $249,000 $896
Washington County Tennessee $249,000 $1,005
Malheur County Oregon $248,900 $821
Shelby County Tennessee $249,100 $1,232

Other Counties in New York

CountyMedian Home ValueMedian RentOwner Occ.
Rensselaer County $258,400 $1,217 64.8%
Hamilton County $260,200 $912 82.4%
Schenectady County $235,700 $1,194 64.0%
Erie County $233,800 $1,090 65.8%
Warren County $267,400 $1,105 72.1%

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).