What monthly payment can I expect on a home in New York?

The average monthly mortgage payment in New York is $2,023 (principal and interest on a 30-year fixed loan with 20% down). Property taxes average 1.69% annually.

Mortgage Rates in New York — March 2026

Compare current mortgage rates across 106 cities in New York. The average 30-year fixed rate is 6.7%, which is 0.05% above the national average of 6.65%.

6.7%

Avg 30-Year Fixed

5.94%

Avg 15-Year Fixed

$390,981

Avg Home Price

$2,023/mo

Avg Monthly Payment

New York Housing Highlights

Most Affordable City

Hornell

$85,000 median | $408/mo

Lowest Home Price

Hornell

$85,000 median

Highest Home Price

New York

$680,000 median

All 106 Cities in New York

City	30-Yr Rate	Home Price	Monthly P&I	Population
New York	6.6%	$680,000	$3,474	8,336,817
Oyster Bay	6.68%	$540,000	$2,782	293,214
Buffalo	6.6%	$175,000	$894	278,349
North Hempstead	6.82%	$550,000	$2,874	237,610
Babylon	6.77%	$474,000	$2,465	213,234
Yonkers	6.6%	$545,000	$2,785	211,569
Rochester	6.6%	$135,000	$690	211,328
Huntington	6.8%	$567,000	$2,957	203,264
Syracuse	6.6%	$135,000	$690	148,620
Ramapo	6.85%	$510,000	$2,673	142,368
Amherst	6.66%	$460,000	$2,365	126,082
Smithtown	6.78%	$454,000	$2,363	117,801
Albany	6.6%	$215,000	$1,098	99,224
Greece	6.79%	$442,000	$2,303	96,095
Clarkstown	6.89%	$469,000	$2,469	86,855
Colonie	6.67%	$404,000	$2,079	81,591
New Rochelle	6.6%	$625,000	$3,193	79,726
Mount Vernon	6.61%	$422,000	$2,158	73,893
Cheektowaga	6.75%	$427,000	$2,216	73,536
Tonawanda	6.85%	$455,000	$2,385	72,795
Schenectady	6.6%	$175,000	$894	67,878
Bay Ridge	6.85%	$490,000	$2,569	64,000
Brentwood	6.67%	$438,000	$2,254	62,376
Utica	6.64%	$453,000	$2,324	62,235
Clay	6.86%	$452,000	$2,372	58,805
White Plains	6.86%	$497,000	$2,608	58,327
Hamburg	6.7%	$425,000	$2,194	56,936
Hempstead	6.82%	$400,000	$2,090	55,361
Levittown	6.61%	$426,000	$2,179	51,881
Troy	6.9%	$474,000	$2,497	51,401
Irondequoit	6.66%	$485,000	$2,493	50,450
Niagara Falls	6.66%	$395,000	$2,031	48,671
Binghamton	6.61%	$441,000	$2,256	47,969
West Seneca	6.74%	$419,000	$2,172	44,711
Hicksville	6.87%	$374,000	$1,965	43,719
Freeport	6.78%	$377,000	$1,962	43,713
West Babylon	6.89%	$448,000	$2,358	43,213
Lancaster	6.71%	$407,000	$2,103	41,604
Coram	6.62%	$464,000	$2,376	39,113
Penfield	6.77%	$406,000	$2,111	38,390
Valley Stream	6.84%	$413,000	$2,163	37,659
East Meadow	6.9%	$462,000	$2,434	37,472
Brighton	6.65%	$430,000	$2,208	37,137
Guilderland	6.8%	$449,000	$2,342	37,023
Commack	6.61%	$444,000	$2,271	36,585
Elmont	6.87%	$397,000	$2,085	36,419
Central Islip	6.72%	$406,000	$2,100	35,921
Riverhead	6.72%	$456,000	$2,359	35,845
Kiryas Joel	6.75%	$450,000	$2,335	35,810
Long Beach	6.73%	$448,000	$2,320	34,073
Huntington Station	6.65%	$396,000	$2,034	33,029
Ithaca	6.62%	$345,000	$1,767	32,829
Spring Valley	6.84%	$384,000	$2,011	32,603
Centereach	6.72%	$449,000	$2,323	31,578
Poughkeepsie	6.73%	$386,000	$1,999	30,515
North Tonawanda	6.86%	$371,000	$1,947	30,392
Port Chester	6.79%	$444,000	$2,313	29,600
Pittsford	6.66%	$448,000	$2,303	29,405
Lacey	6.84%	$437,000	$2,288	29,252
Saratoga Springs	6.49%	$425,000	$2,146	29,165
Harrison	6.67%	$387,000	$1,992	29,132
Newburgh	6.63%	$373,000	$1,912	28,856
Jamestown	6.86%	$462,000	$2,424	28,712
Middletown	6.82%	$446,000	$2,331	28,584
West Islip	6.66%	$407,000	$2,092	28,335
Deer Park	6.67%	$434,000	$2,234	27,745
Lindenhurst	6.65%	$462,000	$2,373	27,253
Glen Cove	6.72%	$425,000	$2,198	27,203
Ossining	6.65%	$445,000	$2,285	26,570
Bay Shore	6.63%	$412,000	$2,112	26,337
Elmira	6.14%	$95,000	$463	26,242
Watertown	6.57%	$155,000	$790	24,826
Peekskill	6.79%	$349,000	$1,818	24,229
Kingston	6.5%	$345,000	$1,744	23,417
Copiague	6.75%	$435,000	$2,257	23,289
Garden City	6.88%	$375,000	$1,972	22,371
Uniondale	6.88%	$427,000	$2,245	22,350
Massapequa	6.71%	$374,000	$1,933	21,685
East Hampton	6.72%	$400,000	$2,069	21,457
Lockport	6.68%	$421,000	$2,169	20,529
East Northport	6.66%	$393,000	$2,020	20,217
Plattsburgh	6.79%	$195,000	$1,016	19,989
West Hempstead	6.76%	$406,000	$2,109	19,536
Mamaroneck	6.86%	$363,000	$1,905	19,427
Mineola	6.87%	$388,000	$2,038	19,234
Cortland	6.7%	$145,000	$748	18,740
Oswego	6.17%	$145,000	$708	17,432
Rye	6.8%	$354,000	$1,846	16,264
Westbury	6.65%	$432,000	$2,219	15,146
Glens Falls	6.37%	$195,000	$972	14,693
Oneonta	6.79%	$165,000	$860	13,901
Geneva	6.23%	$185,000	$909	12,720
Patchogue	6.75%	$397,000	$2,060	12,621
Haverstraw	6.78%	$420,000	$2,186	12,128
Dunkirk	6.64%	$410,000	$2,103	12,000
Tarrytown	6.82%	$402,000	$2,101	11,277
Lake Grove	6.73%	$344,000	$1,781	11,163
Dobbs Ferry	6.66%	$417,000	$2,144	11,066
Oneida	6.72%	$425,000	$2,198	10,948
Canandaigua	6.78%	$245,000	$1,275	10,857
Fredonia	6.63%	$392,000	$2,009	10,766
Great Neck	6.77%	$411,000	$2,137	10,724
Corning	6.69%	$155,000	$800	10,695
Massena	6.63%	$388,000	$1,989	10,372
Sleepy Hollow	6.63%	$388,000	$1,989	10,089
Hornell	6.01%	$85,000	$408	8,304

New York Mortgage Rates Guide — 2026

New York homebuyers currently see an average 30-year fixed mortgage rate of 6.7%, with median home prices around $390,981. At these rates, the typical monthly mortgage payment (principal and interest with 20% down) is $2,023.

The most affordable city for homebuyers in New York is Hornell, where the median home price is $85,000. On the other end, New York has the highest prices at $680,000. Property tax rates across the state average 1.69%.

To comfortably afford a home at the state average price, a household income of approximately $86,700 is recommended, following the standard guideline that housing costs should not exceed 28% of gross income.

Use our free loan calculator to see your exact monthly payments and amortization schedule, or browse individual city pages below for localized rate data and market insights.

Frequently Asked Questions — New York Mortgages

What are current mortgage rates in New York?

As of March 2026, the average 30-year fixed mortgage rate in New York is 6.7% and the 15-year fixed rate averages 5.94%. Rates vary by city, lender, and borrower qualification.

What is the average home price in New York?

The median home price across 106 cities in New York is $390,981. Prices range from $85,000 in Hornell to $680,000 in New York.

How much income do I need to buy a house in New York?

Based on the 28% debt-to-income guideline, you would need a household income of approximately $86,700 to comfortably afford the average home in New York. The median household income in the state is approximately $64,929.