Mortgage Data Spotlight New York
In a New York State of Housing, All Metro Values Rise
Albany
Binghamton
Median Home Price: $354,900 ▲ 7.4% Along the banks of the Hudson River, the Empire State's historic "Capital District" has about 899,000 residents. Metro regions throughout the state all saw strong year-over-year value growth, but with its relatively low cost of living, Albany is an attractive option for many homeowners. Zillow shows Albany's home values have risen con- sistently since 2018, with valuations nearly doubling.
Median Home Price: $204,300 ▲ 10.6% Near the Pennsylvania border in central New York, 250,000 residents live in the greater Binghamton region (historically called the "Triple Cities," including Endicott and Johnson City). The birthplace of IBM and home to SUNY Binghamton, the area is rebounding. Its home values are second to last among the state's metro regions but have increased more than anyplace else, with double-digit year-over-year gains.
Glens Falls
Syracuse
Albany
Rochester
Hudson Valley
Buffalo
Binghamton
Kingston
Poughkeepsie
Elmira
Median Home Price: $822,800 ▲ 9.4% Nassau County is immediately east of New York City, and Suffolk County extends the rest of the way to the tip of this densely populated 118-mile-long island. Despite some of the highest average property taxes in the country for single-family homes, demand is far exceeding supply, putting "Strong Island" home values atop the state list. Long Island
Long Island
New York
What the Locals Say
While most of the country seemingly has slowed, if not depreciated, the upstate New York market has been resilient. We've seen a shift to normalization, however. Certain areas like Monroe and Erie counties continue to see buyers competing like never before. With lower rates in 2026, we could see an inventory increase based on sellers feeling more comfortable leaving behind their historically low pandemic rates. I’m cautiously optimistic of a more normalized marketplace, with continued
Metro Areas
Top 5 and Lowest 5 in each category
Source: National Association of Realtors
Home Prices Q4 2025
Price Growth YoY Q4 2025
1. Binghamton 2. Long Island 3. New York
10.6% 9.4% 7.85%
1. Long Island 2. New York 3. Hudson Valley 4. Kingston 5. Albany 7. Glens Falls 8. Rochester 9. Syracuse 10. Binghamton
$822,800 $772,800 $539,900 $476,900 $354,900 $291,800 $287,300 $280,000 $204,300 $182,400
4. Elmira 5. Albany
7.7% 7.4%
7. Syracuse
6.8%
moderate appreciation for 2026. This will allow buyers to obtain and use all mortgage products, while current homeowners are able to see a return on their home investment.
8. Hudson Valley
6.1% 5.7%
9. Buffalo
10. Kingston 11. Glens Falls
4.7% 4.4%
11. Elmira
LenderSearch Data
*Data collected between Dec. 1, 2024, and Nov. 30, 2025
Tom Hart Production Manager
Median FICO
Median Loan Amount
Median LTV
PrimeLending Rochester, N.Y.
720
$580,000
75%
8
Scotsman Guide | February 2026
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