Market Overview
Home Prices in Central Square, NY
The median home value in Central Square, NY is $266,773 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9.5% compared to a year ago and up 2.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Central Square are priced35% below average. Central Square is part of the Syracuse, NY metro area.
Over the past five years, Central Square home values have risen by approximately39.7%, reflecting strong long-term appreciation in this market.
Price History
Central Square Home Price Trend
City Comparison
Central Square vs. National Median
At $266,773, homes in Central Square cost 35% below the national median of $410,000. This makes Central Square a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Central Square?
20% Down Payment
$53,355
on $266,773
Monthly P&I
$1,391/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,767/mo
incl. taxes & insurance
Income Needed
$70,680
gross annual (30% rule)
10% Down Option
$26,677
+ PMI applies
Loan Amount (20% dn)
$213,418
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 Central Square, NY?
The median home value in Central Square is $266,773 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9.5% year-over-year.
How much have home prices changed in Central Square?
Over the past year, home values in Central Square have increased by 9.5%. Over five years, prices have risen approximately 39.7%.
How much do I need to earn to buy a home in Central Square?
To comfortably afford the median home price of $266,773 with a 20% down payment ($53,355) at today's rates (6.8%), you'd need a gross annual income of approximately $70,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Central Square compare to the national average home price?
The national median home value is approximately $410,000. At $266,773, homes in Central Square are 35% below the national average.
What metro area is Central Square part of?
Central Square is part of the Syracuse, NY metropolitan area. Home prices and market conditions can vary across the broader metro region.