Cities with the most expensive homes in New York
Purchasing a home is among the most important investments a person will make in their lifetime. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role—and, increasingly, is a huge barrier—for buyers.
In March, the typical home value in the United States was $355,696—4.6% higher than the previous year.
High mortgage rates have also had a major impact on affordability: As of April 25, the 30-year fixed mortgage rate stands at 7.17%, three points higher than the average mortgage American households are sitting on. That disparity has kept many people in homes they might otherwise leave—to pursue another job, to downsize, or to upsize—further squeezing an already-tight market.
While home prices are up across the U.S., certain cities command significantly higher prices than others. Location, size, age, and condition are all contributing factors to home values.
Stacker compiled a list of cities with the most expensive homes in New York using data from Zillow. Cities are ranked by the Zillow Home Values Index for all homes as of March 2024. The charts in this story were created automatically using Matplotlib.
All 30 cities on the list are in the New York-Newark-Jersey City, NY-NJ-PA metro area.
#30. Great Neck
- Typical home value: $1,346,471
- 1-year price change: +7.4%
- 5-year price change: +16.6%
- Metro area: New York-Newark-Jersey City, NY-NJ-PA
#29. Bronxville
- Typical home value: $1,428,651
- 1-year price change: -5.3%
- 5-year price change: +11.3%
- Metro area: New York-Newark-Jersey City, NY-NJ-PA
#28. Huntington Bay
- Typical home value: $1,432,273
- 1-year price change: +0.1%
- 5-year price change: +27.7%
- Metro area: New York-Newark-Jersey City, NY-NJ-PA
#27. Armonk
- Typical home value: $1,491,361
- 1-year price change: -0.4%
- 5-year price change: +21.2%
- Metro area: New York-Newark-Jersey City, NY-NJ-PA
#26. Larchmont
- Typical home value: $1,502,296
- 1-year price change: +6.8%
- 5-year price change: +33.6%
- Metro area: New York-Newark-Jersey City, NY-NJ-PA
#25. Cold Spring Harbor
- Typical home value: $1,518,847
- 1-year price change: +0.8%
- 5-year price change: +24.3%
- Metro area: New York-Newark-Jersey City, NY-NJ-PA
#24. Orient
- Typical home value: $1,521,820
- 1-year price change: -0.2%
- 5-year price change: +53.4%
- Metro area: New York-Newark-Jersey City, NY-NJ-PA
#23. Asharoken
- Typical home value: $1,533,986
- 1-year price change: -3.5%
- 5-year price change: +29.3%
- Metro area: New York-Newark-Jersey City, NY-NJ-PA
#22. Westhampton Beach
- Typical home value: $1,540,949
- 1-year price change: +3.7%
- 5-year price change: +45.6%
- Metro area: New York-Newark-Jersey City, NY-NJ-PA
#21. East Hills
- Typical home value: $1,580,958
- 1-year price change: +10.8%
- 5-year price change: +34.8%
- Metro area: New York-Newark-Jersey City, NY-NJ-PA
#20. Remsenburg
- Typical home value: $1,719,650
- 1-year price change: +4.3%
- 5-year price change: +57.3%
- Metro area: New York-Newark-Jersey City, NY-NJ-PA
#19. Montauk
- Typical home value: $1,769,500
- 1-year price change: +2.2%
- 5-year price change: +47.9%
- Metro area: New York-Newark-Jersey City, NY-NJ-PA
#18. Lawrence
- Typical home value: $1,837,435
- 1-year price change: +11.7%
- 5-year price change: +62.6%
- Metro area: New York-Newark-Jersey City, NY-NJ-PA
#17. Purchase
- Typical home value: $1,895,993
- 1-year price change: +5.8%
- 5-year price change: +30.0%
- Metro area: New York-Newark-Jersey City, NY-NJ-PA
#16. Lloyd Harbor
- Typical home value: $1,904,439
- 1-year price change: -4.8%
- 5-year price change: +21.5%
- Metro area: New York-Newark-Jersey City, NY-NJ-PA
#15. Manhasset
- Typical home value: $1,927,977
- 1-year price change: +4.8%
- 5-year price change: +19.8%
- Metro area: New York-Newark-Jersey City, NY-NJ-PA
#14. Laurel Hollow
- Typical home value: $1,965,809
- 1-year price change: +6.3%
- 5-year price change: +29.5%
- Metro area: New York-Newark-Jersey City, NY-NJ-PA
#13. Oyster Bay Cove
- Typical home value: $1,987,652
- 1-year price change: +7.2%
- 5-year price change: +36.4%
- Metro area: New York-Newark-Jersey City, NY-NJ-PA
#12. Sag Harbor
- Typical home value: $1,989,344
- 1-year price change: +3.6%
- 5-year price change: +47.4%
- Metro area: New York-Newark-Jersey City, NY-NJ-PA
#11. Muttontown
- Typical home value: $1,989,836
- 1-year price change: +6.4%
- 5-year price change: +22.6%
- Metro area: New York-Newark-Jersey City, NY-NJ-PA
#10. Mill Neck
- Typical home value: $2,033,954
- 1-year price change: +7.3%
- 5-year price change: +30.2%
- Metro area: New York-Newark-Jersey City, NY-NJ-PA
#9. Upper Brookville
- Typical home value: $2,153,227
- 1-year price change: +6.1%
- 5-year price change: +28.9%
- Metro area: New York-Newark-Jersey City, NY-NJ-PA
#8. Old Westbury
- Typical home value: $2,481,550
- 1-year price change: +11.0%
- 5-year price change: +33.0%
- Metro area: New York-Newark-Jersey City, NY-NJ-PA
#7. Quogue
- Typical home value: $2,682,578
- 1-year price change: -1.3%
- 5-year price change: +45.5%
- Metro area: New York-Newark-Jersey City, NY-NJ-PA
#6. Sands Point
- Typical home value: $2,852,115
- 1-year price change: +3.9%
- 5-year price change: +23.0%
- Metro area: New York-Newark-Jersey City, NY-NJ-PA
#5. Amagansett
- Typical home value: $2,925,768
- 1-year price change: -1.4%
- 5-year price change: +36.3%
- Metro area: New York-Newark-Jersey City, NY-NJ-PA
#4. Wainscott
- Typical home value: $3,315,744
- 1-year price change: -0.2%
- 5-year price change: +25.7%
- Metro area: New York-Newark-Jersey City, NY-NJ-PA
#3. Bridgehampton
- Typical home value: $3,902,942
- 1-year price change: +3.7%
- 5-year price change: +49.8%
- Metro area: New York-Newark-Jersey City, NY-NJ-PA
#2. Water Mill
- Typical home value: $4,009,746
- 1-year price change: +1.5%
- 5-year price change: +45.7%
- Metro area: New York-Newark-Jersey City, NY-NJ-PA
#1. Sagaponack
- Typical home value: $6,305,988
- 1-year price change: +2.0%
- 5-year price change: +45.4%
- Metro area: New York-Newark-Jersey City, NY-NJ-PA
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 50 states.
