Mortgage Rates in New York
Updated April 2026
Key Mortgage Metrics
Median Home Price
$400,000
30-Year Fixed Rate
6.6%
Property Tax Rate
1.72%
Est. Annual Property Tax
$6,880
Housing Market in New York
The median home price in New York is currently $400,000, with an average 30-year fixed mortgage rate of 6.6%. Property taxes in New York average 1.72% of home value, translating to approximately $6,880 annually on a median-priced home.
Use our mortgage calculator to estimate your monthly payments based on your specific down payment and loan terms.
First-Time Homebuyer Programs
New York offers several programs to help first-time homebuyers:
- New York Housing Finance Agency
- Affordable housing programs
Contact your state housing finance agency for eligibility requirements and application details.
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