Market Overview
Home Prices in Fredonia, NY
The median home value in Fredonia, NY is $218,837 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.2% compared to a year ago and up 4.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Fredonia are priced47% below average. Fredonia is part of the Jamestown-Dunkirk-Fredonia, NY metro area.
Over the past five years, Fredonia home values have risen by approximately38.4%, reflecting strong long-term appreciation in this market.
Price History
Fredonia Home Price Trend
City Comparison
Fredonia vs. National Median
At $218,837, homes in Fredonia cost 47% below the national median of $410,000. This makes Fredonia a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Fredonia?
20% Down Payment
$43,767
on $218,837
Monthly P&I
$1,141/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,449/mo
incl. taxes & insurance
Income Needed
$57,960
gross annual (30% rule)
10% Down Option
$21,884
+ PMI applies
Loan Amount (20% dn)
$175,070
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 Fredonia, NY?
The median home value in Fredonia is $218,837 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.2% year-over-year.
How much have home prices changed in Fredonia?
Over the past year, home values in Fredonia have increased by 5.2%. Over five years, prices have risen approximately 38.4%.
How much do I need to earn to buy a home in Fredonia?
To comfortably afford the median home price of $218,837 with a 20% down payment ($43,767) at today's rates (6.8%), you'd need a gross annual income of approximately $57,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Fredonia compare to the national average home price?
The national median home value is approximately $410,000. At $218,837, homes in Fredonia are 47% below the national average.
What metro area is Fredonia part of?
Fredonia is part of the Jamestown-Dunkirk-Fredonia, NY metropolitan area. Home prices and market conditions can vary across the broader metro region.