New York (metro area) real estate market — prices, rental yield and trend

• Gross rental yield: 5.89%
• 12-month price change (USD): 5.2%
• Net rental yield: 5.26%
• Transaction cost: 6.9%
• Price basis: regional average

New York (metro area) is one of the 314 property markets Glopra tracks.

What a buyer pays in New York (metro area)

Buying costs — transfer tax or stamp duty, notary, registration and agency — come to about 6.9% of the price here. That is below the 9.5% median across the set, which shortens the time it takes for a purchase to break even. Of that, the transfer tax alone is 0–4% depending on the buyer and the property; the rest is notary, registration and agency fees.

What it earns

The typical home here lets for about $3,631 a month against a purchase price of $739,324, which is 5.9% gross before tax. Neither figure is quoted per square metre in this market, but both come from the same source, so the ratio between them holds. It ranks 93rd of 311 markets by gross yield. Rental income is taxed at 10–30% — the rate is not a single number here. That is the difference between 4.1% and 5.3% net on the same property. The 5.3% net figure we publish uses 10.7%. On the way out there is a third tax: a non-resident seller pays 0–37% on the gain, depending on how long the property was held and who is selling.

Who can buy in New York (metro area)

Freehold, no restrictions. That is the rule a foreign buyer meets first, not legal advice — check the current position locally before you commit.

How this figure is built

The price figure for New York (metro area) is built from asking prices from listings. It was last refreshed on 2026-10-02. We rate our confidence in this market’s data medium: the series is usable, but thinner or less current than our best-covered markets. We recompute every market the same way; a figure that fails our checks is suppressed, not guessed.

Snapshot: 2026-10-02.