New York County

New York · New York-Newark-Jersey City, NY-NJ metro area · 1,664,862 residents (2025 est.)

FHFA annual index 1998–2021Developmental county indexPermits through August 2026

New York County (100 = first year)United States, rebased to the same startNBER recessionPeak before the latest index value

FHFA notes: The FHFA HPI is a broad measure of the movement of single-family house prices. The FHFA HPI is a weighted, repeat-sales index, meaning that it measures average price changes in repeat sales or refinancings on the same properties. FHFA describes its county indexes as developmental and subject to revision. The index does not give a dollar value for any home.

FHFA's index for New York County, New York, starts in 1998 and stood at 417 in 2021, +317.4% above its base of 100. FHFA's most recent value for this area is for 2021, so every span here ends in 2021.

Over the ten years to 2021 the index rose +43.2% (+3.7% a year), above New York at +38.4% and well below the national +58.3%. The New York-Newark-Jersey City, NY-NJ area rose +35.8%. The latest one-year change is −13.4%.

The strongest decade was the 2000s (+170.2%); the weakest the 2010s (+68.6%).

After a 2008 peak the index fell −15.8% to 2010 and regained the peak in 2014.

Builders were authorised for 3,112 housing units in the county in the 12 months to August 2026 (+60.2% on the previous 12 months), 1.9 units per 1,000 residents; 0% were single-family houses. Since 1995 the county has authorised 133,923 units, most in 2015.

−13.4%1 year, 2020–2021New York +9.4%

—5 yearsUS +33.4%

+43.2%10 years+3.7% a year annualised

+294.4%since 2000US +96.1%

3,112units permitted, 12 months1.9 per 1,000 residents

Same span, four levels

Change in the FHFA index	New York County	New York-Newark-Jersey City area	New York	United States
1 year (2020–2021)	−13.4%	+9.4%	+9.4%	+11.6%
5 years (2016–2021)	—	+26.0%	+29.5%	+33.4%
10 years (2011–2021)	+43.2%	+35.8%	+38.4%	+58.3%
20 years (2001–2021)	+224.7%	+93.5%	+92.5%	+83.8%
Since 2000	+294.4%	+114.3%	+108.4%	+96.1%
Since 1998	+317.4%	+159.8%	+143.8%	+121.7%
10-year annualised	+3.7%	+3.1%	+3.3%	+4.7%
20-year annualised	+6.1%	+3.4%	+3.3%	+3.1%

All columns are FHFA annual all-transactions indexes over the same years.

Decade by decade

Decade	Change	United States
2000s (2000–2010)	+170.2%	+29.7%
2010s (2010–2020)	+68.6%	+35.5%
2020s so far (2020–2021)	−13.4%	+11.6%

FHFA reports each index with a value of 100 in its base period, the first year the area has enough transactions (1998 here). A decade's change is the index at the end of the decade divided by the index at the start, so it does not depend on the base year; the United States column covers the same years. Decades before 1998 are not shown.

Peak-to-low declines

Peak	Low	Decline	Peak regained
2014	2015	−31.6%	2017
2008	2010	−15.8%	2014
2020	2021	−13.4%	not by 2021
1999	2000	−6.0%	2001

Building permits

Housing units authorised by building permits in New York County, by month over the latest five years and by year since 1995.

Housing units authorised in New York County by month, latest 12 monthssingle-family2+ unit buildings

Housing units authorised in New York County by month, latest 60 monthssingle-family2+ unit buildings

Housing units authorised in New York County by year, 1995–2025single-family2+ unit buildings

Permits, 12 months to August 2026	New York County	New York	United States
Housing units authorised	3,112	48,587	1,418,086
Units per 1,000 residents	1.9	2.4	4.1
Single-family share	0%	21%	63%
Change on previous 12 months	+60.2%	+38.8%	−0.1%
Units authorised since 1995	133,923	1,290,620	43,082,761

Population is the Census Bureau's vintage 2025 estimate. Permits authorise construction; they are not completions.

Cities and permit-issuing places in New York County

Housing units authorised in the 12 months to August 2026; places with at least 12 units in the year, or in the year before.

Place	Units, 12 months	Per 1,000 residents	Single-family
Manhattan borough	3,112	0.4	0%

Questions and answers

How much have home values in New York County risen over 10 years?

The FHFA index for New York County rose +43.2% from 2011 to 2021, about +3.7% a year. Over 20 years: +224.7%; since 2000: +294.4%.

How does New York County compare with New York and the United States?

Over the ten years to 2021: New York County +43.2%, New York +38.4%, United States +58.3%, New York-Newark-Jersey City, NY-NJ +35.8%.

What happened to New York County prices in 2008?

The index peaked in 2008 and fell −15.8% to 2010; it passed the peak again in 2014. The state index fell −15.1% over 2007–2012.

How many homes are being built in New York County?

3,112 housing units were authorised by building permits in the 12 months to August 2026 (4 single-family, 3,108 in buildings of five or more units), or 1.9 per 1,000 residents against 2.4 for New York.

Where does this data come from?

The index is FHFA's annual county house price index (all-transactions, developmental), last updated March 31, 2026, with values through 2021. Permits are from the Census Bureau Building Permits Survey through August 2026; population is the Census Bureau's vintage 2025 estimate.

Provenance

Index: Federal Housing Finance Agency, annual house price index for counties (all-transactions, developmental), last updated March 31, 2026, values 1998–2021; metro, state and national comparisons from FHFA's annual indexes in the same release. Permits: Census Bureau Building Permits Survey, county and place files, through August 2026. Population: Census Bureau vintage 2025 estimates. ZIP assignment: 2020 ZCTA-to-county relationship file. Public domain throughout. Corrections · FHFA HPI datasets · Building Permits Survey.