Cities with the fastest growing home prices in New York City metro area

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September 29, 2022
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Cities with the fastest growing home prices in New York City metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and not other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in New York-Newark-Jersey City, NY-NJ-PA metro area using data from Zillow. Cities are ranked by 1-year price change as of August 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. Data was available for 496 cities and towns in New York City.

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#30. Laurel Hollow, New York

- 1-year price change: +$233,281 (+12.8%)
- 5-year price change: +$421,795 (+25.9%)
- Typical home value: $2,051,554 (#20 most expensive city in metro)
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#29. Ship Bottom, New York

- 1-year price change: +$240,389 (+22.6%)
- 5-year price change: +$593,320 (+83.4%)
- Typical home value: $1,304,396 (#47 most expensive city in metro)
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#28. Sands Point, New York

- 1-year price change: +$242,000 (+9.6%)
- 5-year price change: +$485,327 (+21.2%)
- Typical home value: $2,772,820 (#8 most expensive city in metro)
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#27. Interlaken, New York

- 1-year price change: +$245,044 (+24.9%)
- 5-year price change: +$529,280 (+75.7%)
- Typical home value: $1,228,011 (#52 most expensive city in metro)
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#26. Barnegat Light, New York

- 1-year price change: +$246,764 (+21.2%)
- 5-year price change: +$619,606 (+78.4%)
- Typical home value: $1,410,051 (#44 most expensive city in metro)

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#25. Westhampton Beach, New York

- 1-year price change: +$248,614 (+16.3%)
- 5-year price change: +$601,741 (+51.1%)
- Typical home value: $1,778,259 (#29 most expensive city in metro)
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#24. Old Westbury, New York

- 1-year price change: +$253,003 (+10.9%)
- 5-year price change: +$453,879 (+21.4%)
- Typical home value: $2,578,429 (#10 most expensive city in metro)
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#23. Sea Girt, New York

- 1-year price change: +$261,598 (+15.5%)
- 5-year price change: +$747,913 (+62.4%)
- Typical home value: $1,946,731 (#23 most expensive city in metro)
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#22. Sag Harbor, New York

- 1-year price change: +$262,066 (+12.7%)
- 5-year price change: +$766,446 (+49.2%)
- Typical home value: $2,325,591 (#14 most expensive city in metro)
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#21. Mill Neck, New York

- 1-year price change: +$268,159 (+15.1%)
- 5-year price change: +$455,141 (+28.6%)
- Typical home value: $2,043,780 (#21 most expensive city in metro)

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#20. Surf City, New York

- 1-year price change: +$283,004 (+24.1%)
- 5-year price change: +$734,237 (+101.7%)
- Typical home value: $1,456,339 (#41 most expensive city in metro)
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#19. Mantoloking, New York

- 1-year price change: +$284,483 (+17.8%)
- 5-year price change: +$760,700 (+67.8%)
- Typical home value: $1,881,895 (#27 most expensive city in metro)
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#18. Beach Haven, New York

- 1-year price change: +$304,429 (+24.4%)
- 5-year price change: +$731,861 (+89.2%)
- Typical home value: $1,551,953 (#36 most expensive city in metro)
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#17. Lawrence, New York

- 1-year price change: +$311,251 (+17.6%)
- 5-year price change: +$810,094 (+63.9%)
- Typical home value: $2,078,457 (#17 most expensive city in metro)
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#16. Bay Head, New York

- 1-year price change: +$320,196 (+17.8%)
- 5-year price change: +$891,030 (+72.3%)
- Typical home value: $2,122,865 (#16 most expensive city in metro)

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#15. Upper Brookville, New York

- 1-year price change: +$323,207 (+15.7%)
- 5-year price change: +$411,972 (+21.0%)
- Typical home value: $2,376,671 (#12 most expensive city in metro)
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#14. Long Beach Township, New York

- 1-year price change: +$326,270 (+23.5%)
- 5-year price change: +$778,104 (+83.1%)
- Typical home value: $1,714,233 (#32 most expensive city in metro)
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#13. Harvey Cedars, New York

- 1-year price change: +$328,911 (+20.5%)
- 5-year price change: +$838,724 (+76.6%)
- Typical home value: $1,934,367 (#24 most expensive city in metro)
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#12. Allenhurst, New York

- 1-year price change: +$332,142 (+23.3%)
- 5-year price change: +$828,776 (+89.4%)
- Typical home value: $1,755,998 (#30 most expensive city in metro)
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#11. Remsenburg, New York

- 1-year price change: +$343,763 (+21.1%)
- 5-year price change: +$730,492 (+58.7%)
- Typical home value: $1,975,608 (#22 most expensive city in metro)

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#10. Oyster Bay Cove, New York

- 1-year price change: +$344,132 (+19.1%)
- 5-year price change: +$466,148 (+27.7%)
- Typical home value: $2,147,037 (#15 most expensive city in metro)
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#9. Wainscott, New York

- 1-year price change: +$354,317 (+11.9%)
- 5-year price change: +$838,403 (+33.6%)
- Typical home value: $3,335,239 (#5 most expensive city in metro)
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#8. Loch Arbour, New York

- 1-year price change: +$375,804 (+17.7%)
- 5-year price change: +$1,122,123 (+81.7%)
- Typical home value: $2,494,882 (#11 most expensive city in metro)
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#7. Quogue, New York

- 1-year price change: +$381,729 (+15.4%)
- 5-year price change: +$929,309 (+48.2%)
- Typical home value: $2,856,407 (#7 most expensive city in metro)
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#6. Bridgehampton, New York

- 1-year price change: +$403,540 (+11.5%)
- 5-year price change: +$1,157,742 (+42.1%)
- Typical home value: $3,909,868 (#4 most expensive city in metro)

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#5. Montauk, New York

- 1-year price change: +$438,012 (+23.2%)
- 5-year price change: +$896,424 (+62.6%)
- Typical home value: $2,328,289 (#13 most expensive city in metro)
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#4. Water Mill, New York

- 1-year price change: +$482,668 (+13.2%)
- 5-year price change: +$1,190,300 (+40.2%)
- Typical home value: $4,150,817 (#2 most expensive city in metro)
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#3. Amagansett, New York

- 1-year price change: +$495,285 (+13.7%)
- 5-year price change: +$1,442,478 (+54.2%)
- Typical home value: $4,104,464 (#3 most expensive city in metro)
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#2. Sagaponack, New York

- 1-year price change: +$618,437 (+10.5%)
- 5-year price change: +$1,955,682 (+43.1%)
- Typical home value: $6,489,396 (#1 most expensive city in metro)
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#1. Deal, New York

- 1-year price change: +$660,477 (+25.8%)
- 5-year price change: +$1,472,218 (+84.3%)
- Typical home value: $3,218,905 (#6 most expensive city in metro)

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