Every housing story about New York starts with one number for the whole metro. This deep dive takes that number apart in four steps: the metro, the boroughs, Manhattan's neighborhoods, and finally the individual homes inside them, so you can see how far prices split apart as the place gets smaller.
Twenty-five years in one line
From Q1 2000 to Q2 2026, home prices in FHFA's New York–Jersey City–White Plains division rose 250.3%. The United States rose 213.1% over the same quarters. The division takes in the five boroughs and nearby suburbs in New York and New Jersey, while Long Island and the Newark area have divisions of their own.
The path was uneven. Prices climbed to 109.0% above their 2000 level by Q1 2007, then gave back 18.2% of their value before bottoming in Q2 2012.
Since the pandemic
From Q1 2020, the New York metro rose 56.9% while the US rose 60.5%, close enough that New York has roughly kept pace. Our comparison of every market since the pandemic sets New York beside Washington and lets you chart any two places against each other.
Inside the metro
A metro average blends places that moved very differently. Inside the city itself, from 2019 to 2024, the Bronx rose 29.1% and Manhattan condos rose 0.4%. The next level of this deep dive breaks the city into its five boroughs. FHFA publishes no index for Manhattan, so we measure it with the Good Investment comparison index, built from Manhattan's own resales.