States › New York
State
New York
62 counties with an index · 27 metro and micro areas · 960 ZIP codes · 329 permit-issuing places · 20,002,427 residents (2025 est.)
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. The line is FHFA's standard quarterly all-transactions index; the comparison table uses FHFA's annual state index from the same family. The index does not give a dollar value for any home.
New York's FHFA house price index starts in 1975. Through 2025 it has risen +1175.0%; over the ten years to 2025 the rise was +85.6% (+6.4% a year), close to the national +85.0%.
The quarterly index through 2026 Q2 is +5.3% on a year earlier and +2.2% on the quarter; nationally +3.0% and +1.1%.
The index peaked in 2007, fell −15.1% to 2012 and regained the peak in 2018; the national index fell −21.3% over 2007–2012.
48,587 housing units were authorised in New York in the 12 months to August 2026, 2.4 per 1,000 residents against 4.1 nationally; that is +38.8% on the previous 12 months. 62 counties, 27 metro and micro areas, 960 ZIP codes and 329 permit-issuing places in the state have their own pages.
Same span, state and nation
| Change in the FHFA index | New York | United States |
|---|---|---|
| 1 year (2024–2025) | +6.0% | +2.8% |
| 5 years (2020–2025) | +51.9% | +47.0% |
| 10 years (2015–2025) | +85.6% | +85.0% |
| 20 years (2005–2025) | +78.4% | +79.1% |
| Since 2000 | +189.3% | +158.3% |
| Since 1975 | +1175.0% | +960.7% |
| 10-year annualised | +6.4% | +6.3% |
| 20-year annualised | +2.9% | +3.0% |
Decade by decade
| Decade | Change | United States | |
|---|---|---|---|
| 1980s (1980–1990) | +156.0% | +68.2% | |
| 1990s (1990–2000) | +21.6% | +33.9% | |
| 2000s (2000–2010) | +54.3% | +29.7% | |
| 2010s (2010–2020) | +23.5% | +35.5% | |
| 2020s so far (2020–2025) | +51.9% | +47.0% |
FHFA reports each index with a value of 100 in its base period, the first year the area has enough transactions (1975 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 1975 are not shown.
Peak-to-low declines
| Peak | Low | Decline | Peak regained |
|---|---|---|---|
| 2007 | 2012 | −15.1% | 2018 |
Purchase-only index
FHFA also publishes a purchase-only index, built from sales prices alone (no refinance appraisals). It starts in 1991 and is drawn here on its own base.
Counties
Ranked by ten-year change in FHFA's annual county index to 2025. Permits are housing units authorised in the 12 months to August 2026.
| County | 1 year | 10 years | Since 2000 | Units, 12 months | Per 1,000 | Index through |
|---|---|---|---|---|---|---|
| Sullivan County | +2.3% | +119.7% | +217.8% | 390 | 4.8 | 2025 |
| Ulster County | +3.2% | +113.0% | +235.1% | 616 | 3.4 | 2025 |
| Niagara County | +6.6% | +107.1% | +187.7% | 223 | 1.1 | 2025 |
| Orleans County | +16.4% | +106.8% | +170.9% | 27 | 0.7 | 2025 |
| Monroe County | +6.6% | +106.3% | +161.1% | 901 | 1.2 | 2025 |
| Wayne County | +4.7% | +105.4% | +167.0% | 402 | 4.4 | 2025 |
| Erie County | +6.2% | +104.3% | +202.8% | 1,162 | 1.2 | 2025 |
| Columbia County | +6.4% | +103.1% | +230.2% | 122 | 2.0 | 2025 |
| Onondaga County | +7.5% | +101.5% | +187.4% | 2,365 | 5.1 | 2025 |
| Greene County | +1.7% | +101.2% | +243.4% | 97 | 2.1 | 2025 |
| Orange County | +6.2% | +101.1% | +179.2% | 1,675 | 4.0 | 2025 |
| Schoharie County | +14.3% | +100.7% | — | 39 | 1.3 | 2025 |
| Schuyler County | +10.6% | +100.5% | +265.4% | 49 | 2.9 | 2025 |
| Montgomery County | +14.4% | +97.9% | +221.7% | 38 | 0.8 | 2025 |
| Oswego County | +5.5% | +94.8% | +164.8% | 145 | 1.2 | 2025 |
| Yates County | +6.4% | +94.7% | +227.6% | 77 | 3.1 | 2025 |
| Cattaraugus County | +8.4% | +94.5% | +172.9% | 114 | 1.5 | 2025 |
| Seneca County | +7.6% | +93.2% | +189.8% | 63 | 1.9 | 2025 |
| Livingston County | +10.8% | +92.6% | +158.2% | 77 | 1.3 | 2025 |
| Suffolk County | +5.4% | +92.3% | +215.6% | 1,119 | 0.7 | 2025 |
| Oneida County | +6.3% | +92.1% | +192.9% | 253 | 1.1 | 2025 |
| Genesee County | +3.8% | +90.4% | +142.5% | 76 | 1.3 | 2025 |
| Ontario County | +7.3% | +90.1% | +161.3% | 408 | 3.6 | 2025 |
| Dutchess County | +6.3% | +89.8% | +163.3% | 580 | 1.9 | 2025 |
| Delaware County | +2.3% | +88.5% | +172.3% | 83 | 1.9 | 2025 |
| Essex County | +1.0% | +87.4% | +213.4% | 170 | 4.7 | 2025 |
| Chautauqua County | +6.9% | +87.3% | +138.3% | 127 | 1.0 | 2025 |
| Madison County | +8.3% | +86.3% | +168.7% | 131 | 2.0 | 2025 |
| Wyoming County | +7.0% | +84.7% | +161.2% | 50 | 1.3 | 2025 |
| Herkimer County | +5.0% | +83.9% | +166.2% | 41 | 0.7 | 2025 |
| Rockland County | +4.8% | +83.1% | +171.0% | 568 | 1.6 | 2025 |
| Fulton County | +10.6% | +82.0% | +191.5% | 65 | 1.2 | 2025 |
| Nassau County | +7.0% | +81.5% | +200.0% | 971 | 0.7 | 2025 |
| Schenectady County | +4.2% | +79.7% | +190.5% | 110 | 0.7 | 2025 |
| Tompkins County | +6.7% | +79.3% | +219.1% | 410 | 3.9 | 2025 |
| Broome County | +7.8% | +78.8% | +150.1% | 289 | 1.5 | 2025 |
| Cayuga County | +3.0% | +78.1% | +178.5% | 105 | 1.4 | 2025 |
| Bronx County | +6.6% | +77.3% | +225.8% | 9,578 | 6.8 | 2025 |
| Rensselaer County | +5.1% | +76.3% | +174.2% | 260 | 1.6 | 2025 |
| Cortland County | +10.0% | +76.2% | +153.4% | 101 | 2.2 | 2025 |
| Franklin County | +5.3% | +76.2% | +172.3% | 109 | 2.3 | 2025 |
| Warren County | +10.5% | +75.8% | +206.0% | 274 | 4.2 | 2025 |
| Lewis County | +5.2% | +73.7% | — | 160 | 6.0 | 2025 |
| Saratoga County | +6.7% | +73.4% | +207.8% | 944 | 3.9 | 2025 |
| Putnam County | +3.7% | +72.7% | +131.8% | 107 | 1.1 | 2025 |
| Tioga County | +12.4% | +71.4% | +164.1% | 158 | 3.3 | 2025 |
| Albany County | +5.0% | +71.2% | +178.4% | 566 | 1.8 | 2025 |
| Allegany County | +4.4% | +70.0% | +120.5% | 75 | 1.6 | 2025 |
| Chenango County | +10.3% | +69.7% | +173.7% | 106 | 2.3 | 2025 |
| Otsego County | +5.4% | +69.5% | +176.7% | 117 | 1.9 | 2025 |
| Richmond County | +7.1% | +69.4% | +208.6% | 707 | 1.4 | 2025 |
| Washington County | +4.9% | +69.0% | +171.4% | 100 | 1.7 | 2025 |
| Clinton County | +5.9% | +67.8% | +154.6% | 175 | 2.2 | 2025 |
| Queens County | +4.6% | +67.1% | +251.9% | 6,729 | 2.9 | 2025 |
| Steuben County | +1.1% | +63.2% | +114.8% | 106 | 1.2 | 2025 |
| Westchester County | +5.7% | +62.3% | +151.7% | 1,299 | 1.3 | 2025 |
| Kings County | +4.6% | +56.9% | +264.3% | 9,021 | 3.4 | 2025 |
| St. Lawrence County | +6.1% | +54.2% | +111.6% | 212 | 2.0 | 2025 |
| Hamilton County | — | +52.3% | — | 47 | 9.4 | 2025 |
| Chemung County | +3.9% | +51.3% | +107.3% | 117 | 1.5 | 2025 |
| New York County | −13.4% | +43.2% | +294.4% | 3,112 | 1.9 | 2021 |
| Jefferson County | +4.0% | +42.0% | +167.7% | 269 | 2.4 | 2025 |
Metro and micropolitan areas
Areas with any county in New York; multi-state areas appear under each of their states.
| Area | Type | 1 year | 10 years | Year to 2026 Q2 | Units, 12 months |
|---|---|---|---|---|---|
| Monticello, NY | Micro | +2.3% | +119.7% | — | 390 |
| Kingston, NY | Metro | +3.2% | +113.0% | +2.6% | 616 |
| Buffalo-Cheektowaga, NY | Metro | +6.3% | +104.7% | +4.4% | 1,385 |
| Rochester, NY | Metro | +6.9% | +104.1% | +4.5% | 1,815 |
| Hudson, NY | Micro | +6.4% | +103.1% | — | 122 |
| Syracuse, NY | Metro | +7.3% | +99.6% | +6.1% | 2,641 |
| Amsterdam, NY | Micro | +14.4% | +97.9% | — | 38 |
| Kiryas Joel-Poughkeepsie-Newburgh, NY | Metro | +6.2% | +95.9% | +3.4% | 2,255 |
| Olean, NY | Micro | +8.4% | +94.5% | — | 114 |
| Seneca Falls, NY | Micro | +7.6% | +93.2% | — | 63 |
| Utica-Rome, NY | Metro | +6.2% | +90.6% | +8.8% | 294 |
| Batavia, NY | Micro | +3.8% | +90.4% | — | 76 |
| Jamestown-Dunkirk, NY | Micro | +6.9% | +87.3% | — | 127 |
| New York-Newark-Jersey City, NY-NJ | Metro | +6.1% | +82.9% | — | 57,734 |
| Gloversville, NY | Micro | +10.6% | +82.0% | — | 65 |
| Ithaca, NY | Metro | +6.7% | +79.3% | −5.2% | 410 |
| Auburn, NY | Micro | +3.0% | +78.1% | — | 105 |
| Binghamton, NY | Metro | +8.4% | +77.2% | +1.8% | 447 |
| Cortland, NY | Micro | +10.0% | +76.2% | — | 101 |
| Albany-Schenectady-Troy, NY | Metro | +5.4% | +74.0% | +7.0% | 1,919 |
| Glens Falls, NY | Metro | +8.2% | +73.5% | +8.1% | 374 |
| Oneonta, NY | Micro | +5.4% | +69.5% | — | 117 |
| Plattsburgh, NY | Micro | +5.9% | +67.8% | — | 175 |
| Corning, NY | Micro | +1.1% | +63.2% | — | 106 |
| Massena-Ogdensburg, NY | Micro | +6.1% | +54.2% | — | 212 |
| Elmira, NY | Metro | +3.9% | +51.3% | +3.0% | 117 |
| Watertown-Fort Drum, NY | Metro | +4.0% | +42.0% | +8.9% | 269 |
Building permits
Housing units authorised in New York by month, latest 60 monthssingle-family2+ unit buildings
Housing units authorised in New York by year, 1995–2025single-family2+ unit buildings
Single-family share of the latest 12 months: 21% (63% nationally). Since 1995: 1,290,620 units.
Year by year
Each year's index change and permits, with every county's figures for that year.
| Year | New York index | US index | Units permitted | Single-family |
|---|---|---|---|---|
| 2025 | +6.0% | +2.8% | 38,667 | 11,499 |
| 2024 | +7.3% | +4.9% | 46,549 | 10,453 |
| 2023 | +8.3% | +5.7% | 48,807 | 9,677 |
| 2022 | +12.7% | +15.5% | 53,360 | 11,174 |
| 2021 | +9.4% | +11.6% | 40,135 | 11,099 |
| 2020 | +3.4% | +3.0% | 37,330 | 9,516 |
| 2019 | +3.8% | +4.2% | 45,219 | 9,412 |
| 2018 | +5.4% | +5.7% | 37,778 | 10,033 |
| 2017 | +4.6% | +5.4% | 39,350 | 10,361 |
| 2016 | +3.3% | +5.3% | 33,711 | 10,243 |
| 2015 | +2.8% | +4.4% | 74,611 | 10,065 |
| 2014 | +2.4% | +6.2% | 36,286 | 10,386 |
| 2013 | +0.7% | +3.4% | 32,581 | 10,078 |
| 2012 | −2.4% | −1.8% | 24,872 | 9,280 |
| 2011 | −2.4% | −4.4% | 22,575 | 8,400 |
| 2010 | −3.0% | −5.1% | 19,568 | 9,959 |
| 2009 | −5.7% | −7.5% | 18,344 | 9,656 |
| 2008 | −2.6% | −4.5% | 51,637 | 12,738 |
| 2007 | +0.2% | +0.6% | 54,059 | 17,089 |
| 2006 | +6.5% | +6.6% | 54,382 | 19,981 |
| 2005 | +13.5% | +12.4% | 61,949 | 25,211 |
| 2004 | +11.9% | +9.2% | 53,497 | 24,084 |
| 2003 | +8.2% | +4.5% | 49,708 | 24,196 |
| 2002 | +8.9% | +5.4% | 49,149 | 25,570 |
| 2001 | +8.3% | +6.7% | 45,542 | 24,134 |
| 2000 | +11.3% | +8.3% | 44,105 | 23,862 |
| 1999 | +5.1% | +4.3% | 42,593 | 24,726 |
| 1998 | +4.2% | +3.7% | 38,420 | 22,791 |
| 1997 | +0.9% | +3.8% | 32,881 | 19,590 |
| 1996 | +1.6% | +3.2% | 34,895 | 20,215 |
| 1995 | −0.4% | +3.7% | 28,060 | 19,864 |
Cities issuing the most permits
Housing units authorised in the 12 months to August 2026; every place is listed on its county page.
- Bronx borough 9,578
- Brooklyn borough 9,021
- Queens borough 6,729
- Manhattan borough 3,112
- Syracuse 1,834
- Staten Island borough 707
- Palm Tree town 545
- Kiryas Joel village 366
- Brookhaven town 342
- Port Chester village 331
- Albany 284
- Ontario town 275
- Ramapo town 257
- Hempstead town 251
- Esopus town 229
- Jefferson County Part Unincorporated Area 217
- Buffalo 213
- Yonkers 210
- White Plains 207
- Wawayanda town 199
- Rochester 192
- Westbury village 192
- Haverstraw village 180
- Ithaca 173
- Hamburg town 171
- Webster town 168
- Warren County Part Unincorporated Area 160
- Wilton town 157
- Southampton town 155
- Lewis County Part Unincorporated Area 151
- Saratoga Springs 145
- Patchogue village 139
- Stillwater town 134
- Oyster Bay town 132
- Kingston 128
- Ossining village 119
- Clay town 117
- Fallsburg town 117
- Vestal town 116
- Farmington town 114
Questions and answers
How much have home values in New York risen over 10 years?
The FHFA index rose +85.6% between 2015 and 2025, +6.4% a year; over 20 years +78.4% and since 2000 +189.3%. Nationally: +85.0%, +79.1% and +158.3%.
Which New York counties rose most over 10 years?
Sullivan County (+119.7%), Ulster County (+113.0%) and Niagara County (+107.1%), by FHFA's annual county index to 2025.
What happened to New York home prices in 2008?
The state index peaked in 2007, fell −15.1% to 2012 and regained its peak in 2018.
How many homes are being built in New York?
48,587 units were authorised in the 12 months to August 2026: 10,167 single-family and 38,420 in multi-unit buildings, 2.4 per 1,000 residents.
Where does this data come from?
FHFA's quarterly all-transactions state index (through 2026 Q2) and annual state index (updated March 31, 2026); the Census Bureau's Building Permits Survey state and county files through August 2026; vintage 2025 population estimates.
Provenance
Index: Federal Housing Finance Agency, quarterly all-transactions and purchase-only state indexes through 2026 Q2 and annual state index (updated March 31, 2026). Permits: Census Bureau Building Permits Survey state, county and place files through August 2026. Population: Census Bureau vintage 2025 estimates. Public domain. Corrections · FHFA HPI datasets.