New York (metro area) real estate market — prices, rental yield and trend
- Gross rental yield: 5.87%
- Net rental yield: 5.24%
- Transaction cost: 6.9%
- Price basis: regional average
New York (metro area) is one of the 123 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 10.2% median across the set, which shortens the time it takes for a purchase to break even.
What it earns
The typical home here lets for about $3,615 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 42nd of 88 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 5.2% net figure we publish uses 10.7%.
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 2026-09-22. We rate our confidence in this market’s data low — treat the figures as indicative and check them before acting. We recompute every market the same way; a figure that fails our checks is suppressed, not guessed.
Sources: Zillow August 2026 Market Report (ZHVI + ZORI, New York NY metro row) · zillow.com. Snapshot: 2026-09-22.
Latest New York (metro area) market analysis
- US home sellers paid concessions in 44.7% of sales in August — 2026-09-21
- US Home Completions Fell 27.1% in a Year While Housing Starts Barely Moved — 2026-09-20
- US Builder Confidence Fell to 32 in September as 38% of Builders Cut Prices — 2026-09-17
- The Fed Raised Rates to 3.75-4% and Its Own Projections Point to One More — 2026-09-17
- US 10-year Treasury yield touches 5% for the first time since 2023 as mortgage rates reach 6.76% — 2026-09-15
- US Existing-Home Sales Fell 2.0% in August as Supply Reached 4.9 Months — 2026-09-12
- US Home Price Growth Slowed to 1.4% in July, With 19 Big Metros Losing Momentum — 2026-09-09
- The US 30-Year Mortgage Rate Rose to 6.71%, 21 Basis Points Above Last September — 2026-09-04
- US Residential Construction Spending Fell 7.3% Over the Year to $859 Billion in July — 2026-09-03
- US Home Prices Rose 1.5% in June as Chicago Gained 6.9% and Seattle Slipped — 2026-08-27
- US New-Home Sales Fell to 607,000 in July as Supply Reached 9.6 Months — 2026-08-26
- A US Family Now Needs 34% of Its Income for a New-Home Mortgage, the First Rise in Three Quarters — 2026-08-22
Related markets: Miami (metro area) · United States · Las Vegas (metro area) · Austin (metro area) · Phoenix (metro area) · Tampa (metro area)