Market Overview
Home Prices in Alfred, NY
The median home value in Alfred, NY is $200,600 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.2% compared to a year ago and up 11.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Alfred are priced51% below average.
Price History
Alfred Home Price Trend
2024
$169,225
$169K
—
2025
$188,859
$189K
+11.6%
2026
$200,600
$201K
+6.2%
City Comparison
Alfred vs. National Median
🏠 Alfred
$200,600
National Median
$410,000
At $200,600, homes in Alfred cost 51% below the national median of $410,000. This makes Alfred a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Alfred?
20% Down Payment
$40,120
on $200,600
Monthly P&I
$1,046/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,328/mo
incl. taxes & insurance
Income Needed
$53,120
gross annual (30% rule)
10% Down Option
$20,060
+ PMI applies
Loan Amount (20% dn)
$160,480
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Alfred, NY?
The median home value in Alfred is $200,600 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.2% year-over-year.
How much have home prices changed in Alfred?
Over the past year, home values in Alfred have increased by 6.2%.
How much do I need to earn to buy a home in Alfred?
To comfortably afford the median home price of $200,600 with a 20% down payment ($40,120) at today's rates (6.8%), you'd need a gross annual income of approximately $53,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Alfred compare to the national average home price?
The national median home value is approximately $410,000. At $200,600, homes in Alfred are 51% below the national average.