Cities with the most expensive homes in New York

Written by:
March 3, 2021
realtor.com

Cities with the most expensive homes in New York

Buying a home is an investment—and an increasingly expensive one. The median value of a home in the United States today is more than a quarter of a million dollars with a mortgage, and $167,000 without one. Meanwhile, the median monthly housing cost for a home with a mortgage is $1,558 and $490 without a mortgage.

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 January 2021. Listings and images are from realtor.com.

Home buyers have a lot to consider when house-hunting or looking to invest in rental properties, from the state of the housing market itself to taxes and potential resale value. The housing market grew robust and pricey in the decade following the 2008 recession, and more recently saw a boom during the coronavirus pandemic. Another consideration is the house itself, including what kind of upkeep it requires and those associated costs. Depreciation affects all homes at an average rate of 3.636% each year, which can be a help come tax season if you use your home for business or rentals but may cost you later in capital gains taxes when you sell. Meanwhile, land value tends to increase over time depending on several factors including where the house is located and what amenities and homes are nearby. More desirable neighborhoods allow sellers to charge more; the mantra "location, location, location" has never been more relevant.

Do you live in the area with the most expensive real estate market in your state? Keep reading to find out.

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#30. East Hills

- Typical home value: $1.2 million
- 1 year home value change: +5.2%
- 10 year home value change: +35.2%
- #212 most expensive city nationwide

- Pictured: 27 Beechwood Rd, East Hills ($2.7 million, 6 bedrooms)
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#29. Larchmont

- Typical home value: $1.2 million
- 1 year home value change: +7.1%
- 10 year home value change: +22.6%
- #209 most expensive city nationwide

- Pictured: 1 Beach Ave, Larchmont ($5.7 million, 6 bedrooms)
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#28. Great Neck

- Typical home value: $1.3 million
- 1 year home value change: +4.9%
- 10 year home value change: +31.6%
- #190 most expensive city nationwide

- Pictured: 227 Dock Ln, Great Neck ($45.0 million, 13 bedrooms)
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#27. Fishers Island

- Typical home value: $1.3 million
- 1 year home value change: +6.1%
- 10 year home value change: +data not available
- #186 most expensive city nationwide

- Pictured: 16 Evergreen Ave, New London ($234,900, 5 bedrooms)
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#26. Remsenburg

- Typical home value: $1.3 million
- 1 year home value change: +11.0%
- 10 year home value change: +18.6%
- #182 most expensive city nationwide

- Pictured: 7 Cross Rd, Remsenburg ($8.0 million, 5 bedrooms)
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#25. Westhampton Beach

- Typical home value: $1.3 million
- 1 year home value change: +12.7%
- 10 year home value change: +40.2%
- #181 most expensive city nationwide

- Pictured: 181 Dune Rd, Westhampton Beach ($28.0 million, 9 bedrooms)
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#24. Noyack

- Typical home value: $1.3 million
- 1 year home value change: +15.2%
- 10 year home value change: +51.3%
- #178 most expensive city nationwide

- Pictured: 1100 Brick Kiln Rd, Sag Harbor ($12.9 million, 6 bedrooms)
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#23. Asharoken

- Typical home value: $1.3 million
- 1 year home value change: +4.9%
- 10 year home value change: +7.3%
- #169 most expensive city nationwide

- Pictured: 516 Asharoken Ave, Northport ($3.5 million, 6 bedrooms)
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#22. Purchase

- Typical home value: $1.3 million
- 1 year home value change: +0.1%
- 10 year home value change: -5.2%
- #166 most expensive city nationwide

- Pictured: 7 Sky Meadow Farm, Purchase ($5.6 million, 9 bedrooms)
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#21. Huntington

- Typical home value: $1.4 million
- 1 year home value change: +7.9%
- 10 year home value change: +23.2%
- #163 most expensive city nationwide

- Pictured: 100 Sweet Hollow Rd, Huntington ($7.9 million, 8 bedrooms)
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#20. Town of Shelter Island

- Typical home value: $1.4 million
- 1 year home value change: +8.9%
- 10 year home value change: +28.6%
- #162 most expensive city nationwide

- Pictured: 1580 N Bayview Rd, Southold ($2.1 million, 4 bedrooms)
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#19. Lawrence

- Typical home value: $1.5 million
- 1 year home value change: +8.0%
- 10 year home value change: +46.9%
- #136 most expensive city nationwide

- Pictured: 211 Causeway, Lawrence ($3.5 million, 7 bedrooms)
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#18. Mill Neck

- Typical home value: $1.6 million
- 1 year home value change: +4.2%
- 10 year home value change: +15.9%
- #120 most expensive city nationwide

- Pictured: 102 Horseshoe Rd, Mill Neck ($17.4 million, 7 bedrooms)
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#17. Manhasset

- Typical home value: $1.6 million
- 1 year home value change: +4.9%
- 10 year home value change: +41.4%
- #117 most expensive city nationwide

- Pictured: 95 Lake Rd, Manhasset ($11.8 million, 6 bedrooms)
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#16. Muttontown

- Typical home value: $1.6 million
- 1 year home value change: +4.2%
- 10 year home value change: +6.1%
- #114 most expensive city nationwide

- Pictured: 393 Mill River Rd, Muttontown ($12.5 million, 9 bedrooms)
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#15. Laurel Hollow

- Typical home value: $1.7 million
- 1 year home value change: +5.3%
- 10 year home value change: +9.8%
- #109 most expensive city nationwide

- Pictured: 20 Vista Dr, Laurel Hollow ($3.4 million, 6 bedrooms)
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#14. Montauk

- Typical home value: $1.7 million
- 1 year home value change: +12.1%
- 10 year home value change: +43.2%
- #103 most expensive city nationwide

- Pictured: 161 Second House Rd, Montauk ($35.0 million, None bedrooms)
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#13. Oyster Bay Cove

- Typical home value: $1.7 million
- 1 year home value change: +6.2%
- 10 year home value change: +11.8%
- #100 most expensive city nationwide

- Pictured: 11 Grace Ln, Oyster Bay Cove ($13.0 million, 7 bedrooms)
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#12. East Hampton

- Typical home value: $1.8 million
- 1 year home value change: +13.2%
- 10 year home value change: +58.2%
- #94 most expensive city nationwide

- Pictured: 30 Spaeth Ln, East Hampton ($67.0 million, 6 bedrooms)
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#11. Sag Harbor

- Typical home value: $1.8 million
- 1 year home value change: +13.9%
- 10 year home value change: +59.6%
- #88 most expensive city nationwide

- Pictured: 60 Forest Rd, Sag Harbor ($18.0 million, 0 bedrooms)
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#10. Southampton

- Typical home value: $1.9 million
- 1 year home value change: +7.5%
- 10 year home value change: +33.9%
- #80 most expensive city nationwide

- Pictured: 1080 and 1100 Meadow Ln, Southampton ($78.0 million, 14 bedrooms)
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#9. Upper Brookville

- Typical home value: $1.9 million
- 1 year home value change: +4.5%
- 10 year home value change: +10.8%
- #77 most expensive city nationwide

- Pictured: 1 Bel Air Ct, Upper Brookville ($6.8 million, 6 bedrooms)
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#8. Quogue

- Typical home value: $2.2 million
- 1 year home value change: +13.3%
- 10 year home value change: +34.1%
- #59 most expensive city nationwide

- Pictured: 2 and 4 Seascape Ln, Quogue ($18.8 million, 5 bedrooms)
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#7. Old Westbury

- Typical home value: $2.2 million
- 1 year home value change: +3.5%
- 10 year home value change: +17.7%
- #57 most expensive city nationwide

- Pictured: Post Rd, Old Westbury ($22.0 million, 7 bedrooms)
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#6. Sands Point

- Typical home value: $2.5 million
- 1 year home value change: +6.3%
- 10 year home value change: +28.6%
- #40 most expensive city nationwide

- Pictured: 27 Astor Ln, Sands Point ($18.0 million, 5 bedrooms)
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#5. Wainscott

- Typical home value: $2.6 million
- 1 year home value change: +5.4%
- 10 year home value change: +64.2%
- #38 most expensive city nationwide

- Pictured: 115 Beach Ln, Wainscott ($49.5 million, 6 bedrooms)
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#4. Amagansett

- Typical home value: $3.1 million
- 1 year home value change: +9.4%
- 10 year home value change: +78.4%
- #30 most expensive city nationwide

- Pictured: 386 Further Ln, Amagansett ($14.0 million, 5 bedrooms)
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#3. Bridgehampton

- Typical home value: $3.2 million
- 1 year home value change: +10.9%
- 10 year home value change: +54.2%
- #27 most expensive city nationwide

- Pictured: 191 Highland Ter, Bridgehampton ($45.0 million, 7 bedrooms)
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#2. Water Mill

- Typical home value: $3.3 million
- 1 year home value change: +11.2%
- 10 year home value change: +38.4%
- #23 most expensive city nationwide

- Pictured: 101 Cobb Isle Rd, Watermill ($45.0 million, 7 bedrooms)
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#1. Sagaponack

- Typical home value: $5.5 million
- 1 year home value change: +11.9%
- 10 year home value change: +71.9%
- #3 most expensive city nationwide

- Pictured: 414 and 414A Hedges Ln, Sgpk South ($28.8 million, 14 bedrooms)

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